MoneyRates Blog

Online Banking and Linking External Accounts

March 29, 2009
By Clark Schultz | Money-Rates Columnist

One of the best features of online banking is linking external bank accounts. The basic idea behind linking an external account to your existing bank account is the ability to transfer funds between the two accounts online. The transfer of funds online is much easier and faster than mailing a paper check from one bank to the other. It [...]

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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 [...]

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An Online Savings Account with No Fees and a High Rate

August 14, 2008
By MoneyRates team | Money-Rates Columnist

Many banking consumers who shop for rates online are looking for a bank that offers a simple savings account with a good rate and an easy sign-up process. Finding that bank is not as easy as it sounds with all the promotional teaser-rate deals, complicated applications, extra fees, and confusing tiered-rate structures. Heartland Bank based [...]

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Free Airlines Miles from Online Bank

June 17, 2008
By MoneyRates team | Money-Rates Columnist

The BankDirect AAdvantage Program rewards American Airlines miles to customers who bank with BankDirect. With airfares expected to increase even higher in 2008 the offer for free airline miles is looking more tempting than ever. Customer can earn miles by opening checking and money market accounts (1,000 miles), referring friends to the program (10,000 miles), [...]

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Rates on Money Market Funds, US Treasuries, Bank Money Market Accounts, and Bank CDs

June 12, 2008
By MoneyRates team | Money-Rates Columnist

US Treasuries, money funds, and bank deposit accounts posted their lowest rates in years earlier in 2008 after the Federal Reserve lowered interest rates aggressively. Of the three types of cash investments only money funds have not seen an increase in rates in the last month as the market has factored inflation expectations and the [...]

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Online Banks ready for Summer with New Deals and Rates

May 29, 2008
By MoneyRates team | Money-Rates Columnist

Online banks are ready for their summer promotional blitz by offering a wide variety of new online banking deals as well as higher rates on bank deposits. Consumers now have a variety of incentives to open new bank accounts including free cash, free airline miles, or even free iPods. In addition, with the prospect of [...]

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Doing the Math with Wachovia Bank’s Way2Save Program

March 28, 2008
By MoneyRates team | Money-Rates Columnist

Wachovia Bank is offering the Way2Save Programs as as savings incentive-rich program to attract savings customers. The program links your Wachovia Bank checking account to a Way2Save account and rewards the account with:
$1 for each check card purchase and online bill payment5% annual percentage yield on the balance5% bonus in Year 1 for amount transferred [...]

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5.50% APY on a Patriot Bank (Texas) Savings Account

December 3, 2007
By MoneyRates team | Money-Rates Columnist

Patriot Bank, a regional Texas bank, is offering a 5.50% APY on savings accounts opened with a minimum of $100. A visit to one of the Texas branches is required to earn the stated APY.
More FDIC-insured savings account yields here.

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Bank Savings Accounts (Yields and Links to the best rates)

September 21, 2007
By MoneyRates team | Money-Rates Columnist

Bank Savings Account Yields as of September 21, 2007:
FNBO Direct6.00% APY$1 Minimum Deposit$1 Balance needed to earn APYCountrywide Bank5.50% APY$10,000 Minimum Deposit$10,000 Balance needed to earn APY
Umbrella Bank5.35% APY$100 Minimum Deposit$100 Balance needed to earn APY
Gloucester County FSB5.24% APY$100 Minimum Deposit$100 Balance needed to earn APYAmTrust Direct5.21% APY$1 Minimum Deposit$1 Balance needed to earn APY
UFB [...]

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