Archive
Evantagebank.com has great money market rates at a high interest rate of 3.10% APY. It’s called the Mega Money Market account which earns a high yield interest rate without any minimum balance requirement. This high rate only applies to balances up to $35,000. Account balance in excess of $35000 only earns 1.65% [...]
INGDirect is giving out a $25 bonus for opening a new ShareBuilder investment account. The Share Builder account can be used to trade stocks, mutual funds, and ETFs. Normal real time trades are $9.95 and there is no minimum account balance that must be maintained for this low price. There are many [...]
UmbrellaBank.com has highest money market account rates on a tiered basis. Here are the current MMA rates for UmbrellaBank’s online Pot O’Gold Money Market Accounts:
Daily Balance
Annual Percentage Yield
<$1,000
2.24% APY
$1,000-$4,999
2.24% APY
$5,000-$9,999
2.24% APY
$10,000-$24,999
2.41% APY
$25,000-$49,999
2.60% APY
$50,000+
2.65% APY
There’s a $1,000 minimum balance requirement to open a new money mkt account. Interest earned from this bank account is [...]
Discover Bank is offering $50 for opening a new Certificate of Deposit account online. Open a new CD account at DiscoverBank.com with a minimum of $10,000 by 2/28/2009 and and Discover Bank will credit your certificate of deposit account with an additional $50 dollars.
You must use Offer Code D100743 on the online form in [...]
HSBC Direct has top C.D. rates for 18 month CD’s at 2.75% APY. They call this a special interest rate but really no rate is guaranteed until you open the certificate of deposit. HSBCdirect can change their CD rates on a daily basis if they choose to do so.
The minimum opening deposit for [...]
Here is an email that I received today that got through yahoo’s spam blocker, looks legitimate, and appears to come from Bank of America but it is totally a scam. Important things to note:
Bank of America would NEVER have a contact email address at GMAIL
The “contact” at Bank of America would provide their FULL [...]
Gas is very expensive now a days so the best way to save money on gas is to use a gas credit card that gives you the maximum cash back for your gasoline purchases. You are going to buy gas regardless of the price so having a credit card that pays you back is [...]
Many online banks have not been offering higher interest rates for jumbo CDs with the exception of Capital One Direct Banking (Capital 1’s online bank). Here are the current jumbo CD rates from the Capital One website:
Jumbo Certificates of Deposit for Capital One Bank (USA), N.A.
Jumbo CD Rates (minimum deposit of $100,000)
CD Term
Interest Rate
Annual [...]
Citigroup ordered a brand spankin new $50 million dollar corporate jet 4 years ago and was scheduled to take possession of it this year. However there was pressure from President Barack Obama dissuaded the deal. Citigroup already received $50 billion dollars in federal bailout money. Even though they claimed that the bailout [...]
2009 is the year of the Earth Ox.
Those that are fortunate enough to receive red envelopes for Chinese New Year should consider investing their money this year. If you like to have 24×7 account access then electronic banking is the way to go. Lower overhead equates to higher interest rates for consumers. [...]
I’ve created a little Flex app that calculates the amount of interest you can make given a certain certificate of deposit term length in months, APR or APY, and amount of initial deposit. Check it out: CD Calculator
Many banks have opted to have your certificate of deposit renew automatically upon maturity. Some banks, such as ING Direct, will even send you a notice in the mail to give you fair warning that your C.D. is maturing and that it is set to auto renew into the same term deposit. If [...]
CDARS, the Certificate of Deposit Account Registry Service, is a product that may be offered at a local bank. It is one way to reap the benefits of FDIC insurance with a large deposit. A bank that offers CDARS will give you one interest rate while they spread your money across many other [...]
Discover Bank (the same bank behind DiscoverCard) is offering the some of the highest current C.D. rates around. Here’s a look at their current certificate of deposit rates:
Term
C.D. Interest Rate
APY
3 months
1.25%
1.25%
6 months
1.74%
1.75%
9 months
1.99%
2.00%
1 year
2.47%
2.50%
1½ years
2.47%
2.50%
2 years
2.96%
3.00%
2½ years
3.01%
3.05%
3 years
3.30%
3.35%
4 years
3.49%
3.55%
5 years
3.73%
3.80%
7 years
3.93%
4.00%
10 years
3.93%
4.00%
There is a minimum deposit requirement of $2500 to open a new CD [...]
1.15%
1.05%
1.03%