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Washington Bank Offering High Yield Savings Account

October 16, 2008

By MoneyRates Team | Money Rates Columnist

It is always a good week for a savings account customer when the Fed lowers short-term interest rates by 50 points, but their bank increase the rate on their savings accounts. Customers of Venture Bank in the state of Washington were fortunate enough to benefit this week from an increase up to 3.80% APY on the Venture Bank Direct Wise Choice Online Savings Account despite the dramatic movement by the Federal Reserve with the fed funds rate. Venture Bank has 18 branches in four western Washington counties with approximately $1.2 billion in assets, but their online savings account is available nationally for customers.

Features of the Venture Bank Direct Wise Choice Online Savings Account

- No miminum balance requirement

- FDIC Insured up to $250,000 per depositor

- Ten minutes online sign-up

- Online banking features including ability to check balances, view statements, view transactions, and export data to accounting software

Find more online savings accounts with high rates at Money-Rates.com

Your responses to ‘Washington Bank Offering High Yield Savings Account’

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15 December 2008 at 3:09 pm

I checked out venturebankdirect.com. They are in the process of launching their online checking account. Savings accounts are earning 3.6% APY. Still on the upper end of savings returns.


14 November 2008 at 11:53 am

I signed up for an online savings account with Venture Bank Direct, it was quick and easy.

I like the high APY and no minimum balance.


17 October 2008 at 6:42 am

awesome I live in Washington and did not know of this deal

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