GMAC Bank recently changed their name to Ally Bank, located at Ally.com. GMAC Bank is a subsidiary of GM, and it appears that this move is an attempt to distance itself from the bad press that GM has been receiving lately. GMACbank.com now points to Ally.com.

So far there hasn’t seem to be major changes in the bank rates. Savings and money market rates have remained constant.

The AllyBank savings account features:

• 2.00% APY yield (Updated 7/2/2009)
• No minimum balance
• No monthly fees
• Daily compounded interest
• Six withdrawals or transfers per billing cycle

The AllyBank money market account features:

• 1.80% yield (Updated 7/2/2009)
• No monthly fees
• No minimum balance
• Free check card and 50 free checks
• Daily compounded interest
• Six withdrawals or transfers per billing cycle

For CDs, there are now very low minimum balance requirements, and apparently you can open a CD with $0. It seems to be more of a gimmick as it doesn’t really make sense to open a CD with less than $500.

AllyBank has a few new CD rates, including a 6 month CD at 1.80% APY. Their 1 year CD has a pretty competitive rate, at 2.25% APY. Both of these are current as of 7/2/2009. They also have a new No-Penalty CD, which states:

“You can withdraw your money 6 days after funding – and anytime thereafter – and you won’t be charged a fee. Just remember, if you do make an early withdrawal it must be for the full balance plus all interest earned.”

This is a good bonus for those who want to earn a decent return on their CD but don’t want an easy out in case better rates are available.

AllyBank is still FDIC insured, so as long as you stay below the limits you should be fine. You can also get extra coverage up to 1.5 million by opening joint accounts, trust accounts etc. For example:

• Ally Bank Account 1: John Doe, $250,000
• Ally Bank Account 2: Mary Doe, $250,000
• Ally Bank Account 3: Joint Account, John and Mary Doe, $500,000
• Ally Bank Account 4: John Doe, In Trust For (ITF) Mary Doe, $250,000
• Ally Bank Account 5: Mary Doe, In Trust For (ITF) John Doe, $250,000
• Total: $1,500,000

This is a great way to ensure that all your money is protected. Visit Ally Bank for more information!

Bank2.com has a high 5.01% APY checking account. Unfortunately, it’s only available to residents of Oklahoma. In order to qualify for this rate, you must meet the following qualifications:

• 10 Check Card purchases
• Set up a recurring Direct Deposit
• Receive e-Statements
• Access Online Banking

The account requires $100 to open, and provides 5.01% on balances up to 25,000. Any balances over 25,000 yield 1.01% APY. If qualifications aren’t met the rate drops to 0.01% APY. Some more information on the account:

• ATM fees will be refunded up to $50
• No minimum balance requirement
• No monthly fees
• Unlimited check writing
• Free Online Banking
• Free e-Statements
• Direct Deposit available
• $100 to open

This account is limited to 2 accounts per customer/household. This is a great rate on an interest checking account for those who qualify.

Amboy Direct is offering 1.51% APY on balances over 3,000 in their online eSavings account. This savings account also includes a $50 bonus for new customers.

Balances under 300 will earn no interest, and balances under 3000 will earn 1.01% APY. In order to qualify for the $50 bank bonus, you must maintain 3,000 balance in the account for 90 days. This rate is current as of 6/24/2009. Amboy Direct is FDIC insured.

TotalBank is a bank in south Florida currently offering some of the top short term CD Rates.

Their 3, 6, 9, and 12 month CDs all have a yield of 2.55% APY. Minimum deposit is $1,000.

TotalBank is owned and operated by Banco Popular Espanol SA, which is Spain’s third largest bank. Local branches are available in Miami, FL, but these rates are only available through their online application.

TotalBank is FDIC insured.

AIG Bank is currently offering some pretty high rates on its money market accounts and CDs. AIG bank is part of the same insurance company that helped bring about the economic meltdown, but for now they are still in business, which means as long as you stay under FDIC insured limits and our monetary system doesn’t collapse you should be safe.

AIG’s Money Market Account

AIG has a tiered money market account with a minimum balance of $2500. The money  market rates are as follows:

• $2.5K-$10K – 1.76% APY
• $10K-$50K – 1.96% APY
• $50K-$100K – 2.01% APY
• $100K-$250K – 2.06% APY
• $250K or more – 2.11% APY

Here are some of the AIG money market account features:

• $10/month fee for balances under 2500
• 3 check per month limit
• 40 checks free
• ATM card, no reimbursement of fees

Continue reading…

Citibank is currently offering 20,000 free thankyou points for opening a new checking account with them. The 20,000 points can be redeemed for a $200 gift card on the ThankYou network. Here’s what you need to do:

1. Go to http://offers.citibank.com and enter promotional code CE2T
2. Open a regular checking account (The Citibank Account) and enroll in the ThankYou Network
3. For the first 3 months, you must either have at least one direct deposit, 2 electric bill payments, or 5 non-PIN debit card transactions.
4. This will earn you 10,000 bonus ThankYou points ($100 gift card)
5. If you continue this for the next 3 months after that, you will receive 10,000 additional ThankYou points

One thing to keep in mind: this account requires a balance of $6,000 in order to avoid any monthly account fees.

CreditCard321.com is a one stop guide to credit cards. On CreditCard321, you can find many different credit card offers and deals. The credit cards are all ranked and reviewed by the site’s staff.

You can browse by a variety of different types of cards, including 0% balance transfers, air miles rewards, bad credit, small business, cashback rewards, gas rewards, instant approval, student, and low APR, among others. You can also browse by issuer, and CreditCard321 features cards from all the major players, including American Express, Capital One, Discover, Citi, HSBC, Mastercard, and Visa.

The site overall is very straightforward and simple; each card’s main features are listed as well as the intro APR for purchases and balance transfers, regular APR, annual fee, and credit level needed.

If you’re looking for a credit card check out CreditCard321.com!

Franklin Synergy Bank currently has a online certificate of deposit called the eCD, with a 2.78% APY and a short 5 month term. The eCD can be opened online from any state.

Frankly Synergy Bank also has a savings and money market account that can also be opened online.

Franklin Synergy Bank was established in 2007 n Franklin, Tennessee. It has a 3/5 star safety rating, and is fully FDIC insured. You can contact a bank representative at 615-236-2265.

Chase and banks formerly known as WaMu currently have  a $100 bank bonus for applying for a new checking account.

In order to qualify, you just need to open a new checking account, make a deposit of $100, and sign up for direct deposit or make five debit card purchases within the first 60 days. After you complete all these requirements $100 will be deposited into your new account.

This checking account features:

• FREE access to 14,000 Chase and WaMu ATMs nationwide
• FREE Online Banking & Online Bill Pay
• 24/7 access with Chase Mobile on your phone
• No monthly service fee with direct deposit or five debit card purchases

You can open the account online, or you can get the offer mailed to you and open the account at a local Chase branch. California residents must use a separate page, located here.

The bonus expires on June 16 at Washington Mutual and June 23 at Chase.

Corus Bank is offering a pretty good deal on their 12 month regular and jumbo CDs. They’ve got a 12 month CD at 2.71% APY. Their 6 month CD rate is 2.20% APY.

Aside from their CD rates, Corus bank also has an ultimate interest checking account available with 2.17% APY. You can definitely get a higher checking rate than that, so make sure you shop around before you open a new checking account.

Corus also has business accounts available as well.

You can open Corus Bank accounts online. Corus Bank is FDIC insured.

Franklin Templeton Bank & Trust is currently running a checking bonus on their classic checking account. You can earn a $50 bonus when you set up monthlydirect deposit of at least $1,500.

You can get free checks and unlimited check writing, as well as online ATM fees reimbursed up to $6 per month.

Only $100 is required to open an account but is a monthly service charge unless you maintain a $1,000 balance.

This definitely isn’t the best bank deal out there, but if you were looking to open a checking account with Franklin Templeton Bank & Trust, you might as well go for the $50 bank bonus while you’re at it!