Online Banks Deals that Beat Your Local Bank Rates
March 26, 2008
Chances are your local bank has taken note that the Federal Funds rate is at 2.25% and that Treasury Bills are below 2.00%. Even more likely is that the bank has lowered their deposit rates on your checking or savings account accordingly. Fortunate for savings investors there are a number of online banks willing to pay higher rates in order to win your business. 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.
Provident Direct is offering a savings account with an APY of 4.54% on all balances over $1. Minimum deposit to open an account is $1. More information here.
Capital One Bank is offering 5-year CDs with an APY of 4.30% as well as 7-year and 10-year CDs with an APY of 5.00%. Minimum deposit $5,000. More information here.
Banks listed above are FDIC-insured up to $100,000 per depositor.
