RateAPY

Banks Offer Deals To New Money

Posted by: RateAPY Bank Rates News
May 26th, 2010

The best savings rates available will likely be for new banking customers. Banks run promotions to bring in clients who have not previously had an account at their institution. You can sometimes double the APY on your savings account, if you try out a new bank.

Everbank is one such bank running this type of promotion. New customers can earn 2.25% on their savings account balance of less than $50,000 for the first three months. The three-month promotional rate raises the APY on this savings account to 1.51% for the first year. That is significantly higher than the average savings rate on the same type of account. Everbank also guarantees that the APYs offered on their accounts will be in the top 5% of the industry.

Shop for deals and compare the best interest rates on checking accounts, savings accounts, money market accounts, and certificates of deposit.