A new bank has popped up on the majority of the Gotalkmoney.com top ten charts and we figured we’d take a look at this bank.  The bank’s name is Quantum National Bank and was established in 1995, located in Georgia and is FDIC insured.

Below are their rates as of May 27, 2008.

3 month – 3.09% APY

6 month – 3.25% APY

1 year – 3.32% APY

18 month – 3.65% APY

2 year – 3.85% APY

3 year – 4.10% APY

5 year – 4.40% APY

All of their CDs require a $1,000 minimum.  I tried looking online to see if I could find any reviews on the bank but couldn’t find anything worth of value.  If you’re interested in checking out the bank, feel free to visit their official banking website.

Whether you’re a casual reader or you tend to read a lot of blogs, you’ve probably came across the name “SmartyPig”.  SmartyPig is an online savings account that allows you to set goals for yourself.  Friends and family can see your goals and even contribute to them.

When signing up for the website, you will have to set up a saving goal for yourself.  This savings goal must be at least $250.  Each month you must make a $25 via an ACH transaction.

Some of the downfalls of the savings account include not being to transfer your funds to a third party bank and when you want to withdrawal your money; you must make a call to request a check.  Besides these two points, there haven’t been any other complaints.

SmartyPig is FDIC insured.

For more information, visit their official website.

If you’re a rate chaser or you’re interested in opening up a CD or money market account, you’ve probably never heard of OnBank.  OnBank is a division of M+T Bank that has offered many great rates of the years and currently holds over $65 billion in Assets.

As of April 22, 2008, OnBank is offering 2 great rates which are FDIC insured –

24 month CD – 3.85% APY - $500 minimum

OnBank is also offering a 3.49% APY money market account that only requires a $1 minimum deposit.  Keep in mind that this is a very low minimum balance and also remember that a money market rate can change anytime, so deposit at your own will!

For more information on OnBank’s certificate of deposit and money market accounts, visit their homepage.

As I did my CD rate research for Tuesday, a new bank that never pops up in the top ten suddenly appeared on top of all of the charts.  This bank goes by the name of State Bank of India.  Even though the name sounds fishy, don’t let this name fool you.  We can take a look at the bank here –

The State Bank of India does have branches located in the United States.  Some of their major locations include New York and Chicago.

Their CD rates are FDIC insured.

Most of the bank’s branches do reside in India but don’t let this scare you away from their great CD rates.  Also, keep in mind that their rates do require a heavy initial investment of $95,000.  Here are their rates as of 4.15.2008. 

6 MONTHS – 3.65% APY

1 YEAR – 4.16% APY

2 YEAR – 4.16% APY

3 YEAR – 4.47% APY

5 YEAR – 4.68% APY

If these rates look appealing or you want more information, visit their website or call 212.521.3200.

This week the CD rates actually went up for a change but you may have noticed a few new banks in the mix and one of them happens to be New Dominion Bank.  New Dominion has been on the top ten charts a few times in the past but they seldom stay on due to the other bank’s competitive rates but this time, they are actually having some pretty good deals worth looking at.

New Dominion Bank is located in Charlotte, NC and is FDIC insured.

Below are some of their leading rates as of 3.4.08

Money Market – 3.05% APY, $3,000 minimum.  It’s not the greatest but has a decent minimum balance.  This is great for local residents if you want a brick and mortar branch to go to.

6 month – 3.66% APY, $3,000 minimum.

1 year CD – 3.55% APY, $3,000 minimum.

For more information regarding this bank, visit their website or call 1.800.592.6248