MoneyRates Blog
California Bank Offering Online Money Market with 3.75% APY
By MoneyRates team | Money-Rates Columnist
Hanmi Bank, a California bank with branches in Los Angeles, San Diego, San Francisco, and Silicon Valley, is offering a 3.75% APY on their Worry Free Money Market Account for customer who also open a checking account with Hanmi Bank. The minimum deposit is $10,000 which is also the average monthly balance with must be [...]
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Bank Money Market Accounts Better than Money Funds, Savings Accounts, and CDs?
By MoneyRates team | Money-Rates Columnist
One of the best places to park cash today might be bank money market accounts which offer yields that beat mutual fund money market accounts and offer more flexibility than savings accounts or CDs. Money funds offered by the largest mutual fund companies like Fidelity, Vanguard, and Dreyfus are currently yielding between 2.00% and 2.45% [...]
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4th of July Bank CD and Money Market Rate Specials from EverBank, US Bank and IndyMac Bank
By MoneyRates team | Money-Rates Columnist
Three major American banks are in the giving mood on the nation’s 232nd birthday with rate specials on CDs and money markets:
US Bank
5.00% APY on their 59-month CD, $100 minimum deposit
4.00% APY on their 25-month term CD, $100 minimum deposit
EverBank
4.65% APY on their money market account, intro-APY guaranteed for 90 days, $1,500 minimum
IndyMac Bank
4.00% APY [...]
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Best Bank Money Market Rates Update
By MoneyRates team | Money-Rates Columnist
The national average on bank money market accounts is below 1%, but many banks are offering higher rates for accounts opened online. Listed below are the best rates on bank money market accounts posted this week available nationally for accounts opened online:
IndyMac Bank3.97% Rate4.05% APY$1,000 Minimum deposit
Corus Bank 3.94% Rate4.00% APY$10,000 Minimum deposit
EverBank3.89% Rate4.01% APY$1,500 [...]
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The Bank of Internet USA Delivers High Yielding Money Market Account
By MoneyRates team | Money-Rates Columnist
The Bank of Internet USA has been providing top-tier deposit rates on the internet for a very long time. Never that far off from the list of top rates in the country, this week The Bank of Internet USA is offering a Money Market Savings Account with a yield of 3.90% for all balances over [...]
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Last Minute Online Bank Deals before Fed Strikes with Rate Cut
By MoneyRates team | Money-Rates Columnist
The Fed is due to announce a rate cut in a matter of hours which is likely to lead to banks slashing their own deposit rates in the next few weeks. 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 [...]
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Best Sites for Finding Money Market Rates
By MoneyRates team | Money-Rates Columnist
The best sites for finding bank money market rates are those sites that keep it simple and include comprehensive up-to-date information. Surprisingly, Bankrate.com fails both test miserably. Bankrate.com forces the user to go through menu after menu to finally find a money market rate table that is not sorted by the highest rates and worse [...]
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Online Bank Rates Increase at a Few Banks
By MoneyRates team | Money-Rates Columnist
Online bank deposit rates have been reset upwards at a few select banks in the last week in a surprise move because of the growing expectations that the Fed will lower interest rates another quarter-point or half-point at the March meeting. The vast majority of banks have revised their deposit rates to below 4.00% and [...]
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Online Bank and Credit Union Rate Deals
By MoneyRates team | Money-Rates Columnist
Online banks and credit unions are offering deals with with good rates including specials between 3.60% APY and 10.00% APY for online investors. Listed below are some of these Credit Union and Bank rate deals available today. Each deal has it’s own restrictions and limitations including balance requirements and geographic requierements. Check with the issuing [...]
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An Online Bank Delivering High Rates on Deposits
By MoneyRates team | Money-Rates Columnist
Umbrella Bank is the online division of New South Federal Savings Bank (FDIC# 32276) a 75-year old bank based out of Alabama (See FDIC Report here). Umbrella Bank through their website Umbrellabank.com has been offering deposit rates ranking in the top 1% of all FDIC banks for over 5 years. Customers of UmbrellaBank have reported [...]
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Guaranteed Rate Offers from Online Banks
By MoneyRates team | Money-Rates Columnist
We receive a fair share of comments at The Savings Investor regarding the promotional-rate money market accounts which many banks are offering. These type of accounts, which are typically only available to new banking customers, will guarantee a rate for a pre-set number of days. Everbank and AmTrust Direct are offering these promotional-rate money markets [...]
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Online Bank Rate Update: November 1, 2007
By MoneyRates team | Money-Rates Columnist
Bank Rate Specials [CDs, money markets, checking, and savings]
10.00% APY from Wauwatosa Savings Bank on the first $1,000 of a new checking account balance. Rate guaranteed until April 1, 2008
10.00% APY from Affinity Bank on their savings account for kids only (applies to balances up to $500 and only California residents are eligible).
6.25% APY from [...]
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Online Bank Deposit Deal Summary
By MoneyRates team | Money-Rates Columnist
The highest yields on FDIC-insured bank deposits are listed below:
Checking Accounts
6.01% APY Everbank.com
5.11% APY Corus Bank
5.10% APY Salem Five Direct
Savings Accounts
5.58% APY Countrywide Bank
5.36% APY AmTrustDirect
5.35% APY Umbrella Bank
Money Market Accounts
6.01% APY Everbank.com
5.56% APY Zions Bank
5.40% APY Evergreen Private Bank
Certificates of Deposit
90-day CD - 5.65% APY IndyMac Bank
90-day CD - 5.50% APY Countrywide Bank
8-month CD [...]
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Highest Yields on Bank Money Market Accounts
By MoneyRates team | Money-Rates Columnist
A majority of banks have revised their deposit rates downward after the Fed lowered short-term interest rates 50 points last week,. A number of banks are still offering very attractive rates on their liquid money market accounts, especially when considering the 90-day Treasury Bill is only yielding 3.64% today. The best rates on FDIC-insured money [...]
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