Umbrella Bank's 5.83% Green Day Savings Account Rate

August 06, 2007

By MoneyRates Team | Money Rates Columnist

Umbrella Bank is a division of New South Federal Savings Bank (FDIC#32276) a $1.4 billion bank based in Alabama. Umbrella Bank has been a consistent leader in offering deposit rates on money markets, savings accounts, and short-term CDs to online investors for over 5 years. Umbrella Bank has a 90-day introductory rate of 5.83% on their savings account right now for new individual or joint accounts.

Green Day Savings Account Details

Introductory Rate:

5.83% for all balances over $100

Tiered rate after 90 days:

$1 - $24,999: 4.16% Rate / 4.68% APY
%25,000 - $74,999: 4.40% Rate / 4.87% APY
$75,000 and over: 4.64% Rate / 5.06% APY

* Limited Time Offer
* Low minimum balance of $1001
* Online Statements
* Check your balance or review your account activity 24 hours a day
* (up to 12 months of history)2
* FREE Direct Deposit
* FREE Recurring ACH transfers from your Checking Account
* ATM Card Issued upon request
* Limited to 6 Non-ATM transactions per month3
* Interest is compounded daily and credited monthly
* Download account history into Quicken® or Microsoft® Money

Apply online here.

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