Last Minute Online Bank Deals before Fed Strikes with Rate Cut
March 18, 2008
The Fed is due to announce a rate cut in a matter of hours which is likely to lead to banks slashing their own deposit rates in the next few weeks. Online bank rate specials still available today include:
EverBank is offering checking accounts and money market accounts with an introductory APY of 4.51%. The average monthly balance must be kept over $1,500 to earn APY and avoid fees. More information here.
Century Bank Direct is offering a savings account with an APY of 4.54% on all balances over $1. Minimum deposit to open an account is $100. More information here.
Reward Checking Accounts offer customer APYs of 6.00% and higher on balances up to a preset maximum if specific monthly online banking requirements are met. More information here.
Ascencia Bank is offering 2.5-year and 3-year CDs with an APY of 3.97%. Minimum deposit of $500. More information here.
National City Bank is offering 4-year CDs with an APY of 5.00%. Minimum deposit of $10,000. More information here.
KeyDirect is offering 5-year CDs with an APY of 4.26%. Minimum deposit of $50,000. More information here.
Capital One Bank is offering 10-year CDs with an APY of 5.00%. Minimum deposit $5,000. More information here.
