SAVINGS RATES UPDATE
June 14, 2007
Today's bank rate offerings include New Dominion Bank which is offering variable rate CDs with an interest rate tied to the Wall Street Journal prime rate. The bank will adjust the rate on the CDs as the prime rate increases or decreases. Current rates are 1-year (5.50% APY), 18-month (5.55% APY), 2-year (5.60% APY), and 2.5-year (5.60% APY). Kaiser Federal Bank has a 5-year 5.50% APY for IRA accounts of $225,000 or more. Other rate specials this week include:
10.00% APY from Affinity Bank on their savings account for kids only (applies to balances up to $500)
6.01% APY from Premier Valley Bank on balances up to $25,000. Requires 10 ATM/debit card point-of-sale transactions, electronic account statements, internet banking, and one direct deposit or ACH auto debit to achieve yield and/or avoid fees
6.01% APY from Everbank on their introductory offer checking account ($1,500 minimum)
6.00% APY from FNBO Direct on their online savings account (no minimum balance)
5.50% APY from Gloucester County Federal Savings Bank on savings accounts balances of $100,000 and over. 90-day rate guarantee
5.50% APY from Bank of Illinois on VIP Elite Checking account for balances up to $25,000. Requirements to qualify include 10 or more check card transactions a month, one direct deposit a month , and an electronic delivery of statements
5.45% APY from NetBank on their 18-month CD ($1,000 minimum)
5.41% APY from World Savings Bank on their 6-month CD term
5.41% APY from Umbrella Bank on their 9-month CD term
5.40% APY from Countrywide Bank on their 9-month CD ($2,500 minimum)
5.39% APY from Tennessee Commerce Bank on savings accounts of $250,000 or greater
5.35% APY on 13-month CD from Flagstar Bank ($5,000 minimum)
ING Direct's Electric Orange checking account has tiered yields of 5.30% (+$100,000), 5.25% ($50,000-$99,999), and 4.00% ($0-$49,999). This checking account from ING Direct is paperless with ING providing a platform to send money to any person or business via electric checks. 1% cash back when using the Eletric Orange MasterCard Debit Card from June 1 to July 31, 2007.
Peter
21 June 2007 at 11:52 am
I opened an account at FNBO and their on-line service is fantastic. Transfers are much faster than other on-line banks that I've experienced and you can do everything completely on the web. No signature cards to sign and send via snail mail. I recommend FNBO highly.