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Bank Deals, CD Rates, Checking Accounts, Money Market Rates

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Incrediblebank has a money market account that earns 1.25 percent annual percentage yield (APY) on balances of $2,500 to $249,999. Money markets with balances above $250,000 earn 0.8% APY. Details of the money market offer include:

  • Minimum opening deposit of $2,500
  • $10 monthly maintenance fee if balance falls below $2,500
  • Insured by the Federal Deposit Insurance Corp. (FDIC)

The bank also has a checking account that earns 1.21 percent APY on balances up to $249,000. Balances above that amount earn 0.8 percent APY. The checking account requires a minimum deposit of $1,000. Fees that may reduce earnings on the account include $15 a month for paper statements. $29 for stop payments and $34 per item for overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means. There is a maximum of $340 per day for overdraft charges.

Incrediblebank, a division of River Valley Bank, based in Wausau, Wis., also has competitive CD rates. You need a minimum opening deposit of $10,000 to open a certificate of deposit. The maximum deposit allowed for CDs is $90,000. CD terms include 9 months, 13 months and 19 months. Interest earned must be added back to the certificate of deposit.

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Dime Savings Bank has a Prime Rewards Money Market Account earning 1.01 percent annual percentage yield (APY) on balances of $75,000 and up. The money market rate is available for passbook and statement accounts. The money market has tiered interest rates that are currently at:

  • 0.2 percent APY for balances of less than $1,000
  • 0.45 percent APY for $1,000 to $24,999
  • 0.75 percent APY for $25,000 to $49,999
  • 0.9 percent APY for $50,000 to $74,999

If you maintain a Dime Savings Bank checking account you automatically qualify for the money market account. Other details of the money market account include no monthly $10 fee if you maintain an average daily balance of $2,500 and it is insured by the Federal Deposit Insurance Corp. (FDIC). For statement accounts you can write up to six checks per monthly statement, get a free ATM card or Visa check card and check your balance 24 hours a day with online banking.

The bank also has a competitive CD rate of 1.15 percent APY for a 2-year term. To open a certificate of deposit you need a minimum deposit of $500. Interest is compounded daily and credited monthly. CD terms at the bank range from 3 months to 7 years. Dime Savings Bank is based in New York.

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Customers Bank has a money market account that earns 1.2 percent annual percentage yield (APY). The account requires a minimum opening deposit of $10,000 to obtain the promotional money market rate. The maximum deposit on the account is $500,000. Money market accounts are limited to six transfers to other bank accounts per statement cycle. A $5 fee may be imposed for excess transfers during each statement cycle and the account may be converted to a checking account for repeated excess transfers.

The bank also has other savings accounts with competitive interest rates. The Reserve Savings Account has a 1 percent APY and requires a minimum of $10 to open. Interest on the savings account is compounded and credited on a quarterly basis. The bank uses the daily balance method to calculate interest on the account.

A 13-month certificate of deposit is also available to help grow your money. The CD rate for the period is 1.15 percent APY and you need a minimum opening deposit of $10,000. After the guarantee period the CD rate may fluctuate.

Customers Bank has 11 offices in Pennsylvania, New Jersey and New York. Deposits with the bank are insured by the Federal Deposit Insurance Corp.

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Discover Bank has competitive CD rates

Category: Bank Deals, CD Rates- fhuff- 9:50 am/ August 1, 2011

Discover Bank has competitive CD rates, but you’re likely to earn the most interest with a longer term. If you can invest your money for several years, the bank has a 5-year certificate of deposit with a 2.35 percent annual percentage yield. Other CD rates and terms include:

  • 1 percent APY for 9 months
  • 1.2 percent APY for 1 years
  • 1.3 percent APY for 18 months
  • 1.4 percent APY for 2 years
  • 1.5 percent APY for 30 months
  • 1.75 percent APY for 3 years
  • 2 percent APY for 4 years
  • 2.6 percent APY for 7 years
  • 3 percent for 10 years

When you open a Discover Bank certificate of deposit you need an initial minimum deposit of $2,500. CD rates are subject to change at any time without notice. Interest earned on CDs can be accumulated in the account or transferred to another account. Withdrawing interest by check results in a $5 charge per check.

Early withdrawal of funds from your account results in a penalty of 3 months’ simple interest on the amount withdrawn for terms of less than a year, 6 months’ interest for terms of 1 year to 5 years, and 9 months’ interest for terms of 5 years and up.

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If you live in Oklahoma, the First National Bank of Pawnee has competitive CD rates. The bank does not accept out of state deposits to open a certificate of deposit. CD rates available as of July 27, include:

  • 0.5 percent annual percentage yield (APY) for 91-day single maturity
  • 1 percent APY for 182-day
  • 1.21 percent APY for 1 year
  • 1.31 percent APY for 18 months
  • 1.51 percent APY for 2 years
  • 2.02 percent APY for 3 years
  • 2.17 percent APY for 4 years

All of the CD rates are for single maturity and auto-renewable CDs, except for the 91 day CD. The 91- and 182-day CDs require a minimum opening deposit of $2,500.

For other certificates of deposit, the minimum opening deposit is $1,000. You can elect to have interest paid by check, checking deposit, savings deposit or added onto the CD. Early withdrawal penalties include 3 months’ interest for 1-year CDs and 6 months’ interest fo 2, 3, and 4-year CDs. The penalty for early withdrawal of a 91-day certificate of deposit is 91 days interest and 3 months’ interest for a 182-day CD. Deposits at First National Bank of Pawnee are insured by the Federal Deposit Insurance Corp.

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