Savings
« Previous EntriesE*Trade Financial Raises Savings Rates
Tuesday, May 6th, 2008After months of lowered CD and savings rates, it appears that the tides may be turning for savers. E*Trade financial has recently raised the savings rate on their complete savings account, with a 3.15% APY. While this is a pretty high rate for a savings account, there are a few higher rates online: WT Direct […]
E*Trade Financial Savings 3.01% APY
Wednesday, February 6th, 2008E*Trade Financial currently has a pretty high savings rate on their complete savings account, with a 3.15% APY. This is one of the best savings rates currently available online.
Their savings account features:
$1 minimum deposit to open account
No minimums or account fees
No hard credit inquiry
Free online ACH transfer system
6 withdrawal limits per month
$100K per day limit […]
Shorebank High Yield Savings Account Review
Monday, November 12th, 2007Shorebank recently launched a new high yield savings account with a rate of 5% APY. The minimum deposit on this account is $1. With all of the recent rate cuts, 5% is a fairly attractive rate. In addition, Shorebank claims to have a focus on socially responsible business practices:
Unlike conventional banks, ShoreBank strives to meet […]
5.31% APY @ UFB Direct Absolute Savings
Tuesday, July 3rd, 2007UFB Direct now has a high yield savings rate account called “Absolute Savings,” which has a competitive yield of 5.31% APY. Minimum balance to earn 5.31% is $10,000, which is a bit higher than other savings accounts. Balances from $5,000-10,000 earn 5.21% APY, and balances from $1-5,000 return 5.11% APY.
Interest is accrued daily and compounded […]
5.05% APY Savings - Heartland Bank Direct
Tuesday, June 26th, 2007With the recent launch of several high yield online savings, including FNBO Direct, WTDirect, and Salem Five Direct, it comes with no surprise that Heartland Bank is making a foray into the online banking market with their new Heartland Bank Direct Performance Savings Account. This account offers a relatively mediocre 5.05% APY rate, but there […]
3.31% APY Savings Rate @ WTDirect
Tuesday, June 19th, 2007Wilmington Trust’s online branch–WT Direct–is offering a highly competitive 3.31% APY on their high yield online savings account. The minimum balance required for this rate is $10,000; any balances from $1-$10,000 will earn 3.31% APY for the first 60 days. If your balance is lower than $10,000 after the first 60 days, the interest rate […]
Is FNBO Direct Legitimate?
Tuesday, May 29th, 2007I had addressed the question, “Is FNBO Direct a Scam?” in a previous post, where we confirmed that FNBO Direct was indeed part of First National Bank of Nebraska (NE). However, a reader was reading through FNBO’s privacy policy and found this:
What personal information can we disclose to nonaffiliated third parties?
We may disclose personal information […]
Savings Square 5.10% Savings Account
Tuesday, May 29th, 2007Kirkpatrick Bank recently launched SavingsSquare.com, which offers a high yield savings account with 5.10% APY. This is a pretty decent rate but its far from the top savings rates. Here are some of the savings account’s features:
Minimum initial deposit of $1
Maximum initial deposit of $100,000
No monthly fees or minimum balances
Unlimited links to other accounts
No ATMs […]
6.10% APY Rate & $25 Bonus @ Salem Five Direct’s eOne Checking Account
Thursday, May 24th, 2007Salem Five Direct is offering a promotional 6.10% APY rate for 60 days on balances over $100,000. The stated rate after the initial 2 month period is 5.30% APY. They are also offering a bonus of $25 if you enroll in direct deposit within 90 days of opening an account. The eOne checking account features:
6.10% APY […]
$100 Bonus @ Citibank Ultimate Savings Account
Friday, May 18th, 2007I wrote previously about Citibank Direct’s $50 promotion if you open an Ultimate Savings Account. They have just recently upped the ante to $100. The offer is only valid for first time Citibank deposit account customers. Here are some more details:
4.65% APY rate on the savings account
No minimum balances
No checking required
Free transfers
Only available online […]
5.30% APY Savings Rate @ One United Bank
Sunday, May 13th, 2007OneUnited.com is offering a 5.30% APY on their Unity Gold E-savings account.
Minimum balance is $1000, and interest is compounded quarterly. OneUnited Bank does not run a hard credit pull, and is FDIC insured for up t0 $100,000.
It’s a decent rate, but their page looks a bit outdated. Personally, I’d take advantage of FNBO Direct’s 6.0% […]
Banco Fortuna - Spanish Emigrant Direct
Friday, May 4th, 2007According to this CNN Article, Emigrant Savings Bank has launched a Spanish language bank in an attempt to enter the Hispanic/Spanish market. “BancoFortuna.com will initially provide only savings accounts but will eventually expand its line to include credit cards and other offerings, according to CEO Howard Milstein.”
Banco Fortuna is looking to capitalize on the success […]
Is FNBO Direct a Scam?
Thursday, May 3rd, 2007I’ve been contacted by a few people questioning the legitimacy of FNBO Direct. I wrote previously about FNBO Direct’s 6.0% high yield savings account promotion as well as their initial 5.25% savings account rate. On their website, they claim: “First National Bank is a subsidiary of First National of Nebraska, a multi-state holding company located […]
5.40% Savings Rate @ Countrywide Financial
Wednesday, May 2nd, 2007Countrywide Bank is offering a high savings rate of 5.40% APY. Minimum balance for this rate is $50,000; maximum is $2,499,999. So if you have more than 2.5 million, you should probably consider putting it elsewhere. Like in a CD, perhaps.
Their low and high bracket rates are not so hot, however. $250-999 yields a pitiful […]
FNBO Direct Review - High Yield Savings Account
Monday, April 30th, 2007I recently came across FNBO Direct via a banner ad on Bankrate.com. It looks like they are jumping into the high yield savings account/high cd rates arena with a 5.25% APY Savings Account. Now, 5.25% isn’t necessarily the best rate but it’s high enough to be competitive, and there’s only a $1 minimum balance. Here’s […]
Grand Yield Direct 5.27% Savings @ Apple Bank
Saturday, April 21st, 2007TheAppleBank.com is offering Grand Yield Direct, a FDIC insured savings account at the current high of 5.27% APY. There is no minimum balance required, and interest is compounded daily. I took a look at their current CD rates, and they are offering a 13 month CD for 5.25% APY and $500 minimum. I’m not sure […]
5.45% 5 Year CD @ Eloan
Saturday, April 14th, 2007Eloan.com is offering a high 5.45% CD Rate on their 5 year CD.
Minimum Deposit Requirements:
Savings Account: $5,000
Certificate of Deposit: $10,000
Eloan also offers some decent rates on their savings accounts and short term CDs, with a 5.25% on their savings account and 5.41% on their 6-month CD.
$25 Bonus @ Etrade Bank
Thursday, April 12th, 2007Etrade Bank is currently offering a $25 bonus for opening a 5.05% APY savings account. This deal ends on April 30, 2007, so be sure to check it out ASAP. Here’s some info from the page:
1 Annual Percentage Yield is effective 4/11/2007 and is subject to change. A $1 minimum deposit is required to open […]
6.01% APY Rate @ Everbank
Monday, April 9th, 2007Everbank is offering an introductory rate of 6.01% on their checking account. Unfortunately, the rate only applies for the next 3 months, and only on a maximum of $100,000 (as if someone would deposit 100k into this account solely for the 3 months interest). After the first 3 months the rate isn’t really so hot:
“Current […]
5.00% APY @ Washington Mutual
Monday, April 9th, 2007Washington Mutual is offering a 5.00% APY rate on their high yield savings account if you open a checking account with them as well. Check out the special online offer here.
The Annual Percentage Yield (APY) is effective as of 04/08/2007. Rates and APYs are variable and may change at Bank’s discretion at anytime without notice. […]