MoneyRates Blog

A Bank That Offers a Savings Account for Your Pet?

April 13, 2009
By Clark Schultz | Money-Rates Columnist

What happens to a beloved pet if the owner unexpectedly dies? Unless a family member or a friend steps in, there may not be a good long-term solution for these pets. However, what if pet owners could set up an online savings account that earned interest and also served as a legal trust account for the benefit [...]

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An Online Bank Delivering High Rates on Deposits

January 11, 2008
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

December 17, 2007
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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Invest for Your Animals (No Joke!)

September 12, 2007
By MoneyRates team | Money-Rates Columnist

Umbrella Bank is the internet banking division of New South Federal Savings Bank and is offering an account called the PetTrustPlus Account which allows savings to be set aside for the care of your pet in the event of your death or incapacitation. The account earns a 2.50% APY and comes with the following features:
FREE [...]

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Umbrella Bank’s 5.83% Green Day Savings Account Rate

August 6, 2007
By MoneyRates team | Money-Rates Columnist

Umbrella Bank is a division of New South Federal Savings Bank (FDIC#32276) a $1.4 billion bank based in Alabama. Umbrella Bank has been a consistent leader in offering deposit rates on money markets, savings accounts, and short-term CDs to online investors for over 5 years. Umbrella Bank has a 90-day introductory rate of 5.83% on [...]

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