Archive

Bank of Internet is currently offering the #1 savings rate for banks online as of 2/24/09.  BofI has been in the top ten for money market charts for 20 weeks now.

With the account, you get the following:

• No fees.
• No balance requirements.
• Easy transfers.
• Free online statements
• ATM card available.

In order to open an account, you need to deposit at least $100.  The APY may change daily. 

With this savings account, you’re only allowed to make 6 prew-authorized, automatic, ACH or telephone transfers during a statement cycle. 

BofI is FDIC insured.  Fore more information on this savings account, visit BankofInternet.com.

Delta Community Credit Union currently is offering a 1 year CD at 3% APY.  This rate is effective as of 2/23/09.  Delta is the largest credit union in the state of Georgia with over 180,000 members and more than $2.9 billion in assets.  Anyone is able to join.

Below is a table of the rates currently being offered:

• 6 month:  2.50% APY
• 12 month:  3.00% APY
• 24 month:  3.15% APY
• 36 month:  3.25% APY
• 60 month:  3.75% APY

All accounts require a minimum of $1,000 to open.  Interest is compounded monthly.

To get more information on these rates, visit DeltaCommunityCU.com.  All of their accounts are NCUA, insured.

I wrote about the AmeriNet Bank money market account yesterday and today, I found yet another bank offering 3.10%.  This time, it’s EvantageBank, a division of Southwest State Bank.

The Mega Money Market account includes:

• Electronically monthly statements.
• 6 FREE withdrawals per month.
• Free MasterCard(r) CheckCard.
• No monthly maintenance fee.
• Free online banking.

The great thing about this account is that it requires no minimum balance.  If you go over the 6 free withdrawals per month, there will be a $5 fee for each additional withdrawal.

Remember, money market account rates change all the time and this is the first time I’ve seen these banks pop up in the top ten.  Banks will sometimes offer a teaser rate to draw you in and later you’ll find the rate drop by 1%.

If you’re interested in this account or want more information, visit EvantageBank.com or call 1-888-210-1868.

EvantageBank is FDIC insured and has a 4 / 5 Bankrate.com safe and sound rating.

AmericaNet Bank, a division of All American Bank is currently offering a money market yielding 3.10% APY.  This is currently one of the top rates in the industry as of 2/21/09.

With the account, you’ll receive –

• Monthly statements.
• 6 withdrawals per month.  There’s a $5 fee for every additional withdrawal.
• Free Visa(r) CheckCard.
• No monthly maintenance fee.
• Free online banking.
• No minimum balance.

The website also states that opening an account is fairly easy.  You’ll have nothing to sign, fax or mail.

AmericaNet Bank is FDIC insured.  All American Bank is based in Des Plaines, Illinois and has a 2/5 Bankrate safe and sound rating.

For more information on this money market account, visit AmericaNetBank.com.

NOTE:  CA residents are excluded from this offer.

FirstFedDirect is currently offering some top CD rates in their short term department.  All of their CDs under 1 year are very competitive and may be worth looking at.

Here are the rates as of 2/20/09:

• 3 month:  1.90% APY
• 6 month:  2.40% APY
• 9 month:  2.50% APY
• 12 month:  2.65% APY

In order to open up an account, you must deposit at least $10,000.  It must be new funds and can’t be transferred from any other First Federal Bank of California accounts.

Maximum per household is $1 million for all new CDs opened. 

Interest rates are posted to your account on a quarterly basis.  Interest can be paid directly to the account or sent to you monthly or quarterly via a check or may also  be transferred.

FirstFedDirect is FDIC insured and currently holds a 2 / 5 Bankrate safe and sound rating.

For more information, visit FirstFedDirect.com.