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Checking account customers can earn 3.50 percent APY at First Federal Bank

RateAPY Bank Rates News — Fri, 13 Jan 2012 18:28:25 +0000

If you are looking for a way to boost your interest earnings, a rewards checking account may be a better option than a savings account or money market account.

At First Federal Bank, North Carolina residents can open a rewards checking account with just $50 and start earning 3.50 percent APY on balances up to $15,000. This FDIC-insured account includes free online banking, refunds on ATM fees nationwide and has no minimum balance requirement and no monthly maintenance fees. To earn the top interest rate, you must:

Make 10 debit card purchases per month
Make one automatic payment or have one direct deposit per month
Access online banking at least once per month

Compare interest checking account rates and terms online to find the best bank deal for you.

Citizens Bank Performance Money Market account pays 1.00 percent

RateAPY Bank Rates News — Mon, 09 Jan 2012 14:20:15 +0000

If you’re looking for a money market account where you can stash your emergency fund, you should be comparing these accounts and savings accounts based on both the interest rate and the minimum balance requirements. The last thing you want to do is fritter away your interest earnings on monthly maintenance fees, so make sure you can meet account requirements that let you avoid fees.

Citizens Bank, based in Rhode Island, offers branches and ATMs in about nine states and offers online banking to consumers in about 40 states. The Citizens Bank Performance Money Market account requires a minimum opening balance of $10,000 and has no monthly maintenance fees as long as you maintain a balance of $1,000 or more. The interest rate varies depending on your location. In New York as of January 9, 2012, accounts with $10,000 to $3 million earn 1.00 percent APY. You’ll also need an active checking account with at least five transactions per month to qualify for this money market account.

Compare money market account rates and terms online to find the highest interest rate and the terms that meet your needs.

Doral Bank Direct 36-month CD at 1.65 percent APY

RateAPY Bank Rates News — Thu, 29 Dec 2011 20:46:52 +0000

If you’re looking for a safe place to earn interest on your savings, a certificate of deposit (CD) in a federally-insured financial institution can be one of the safest. As long as you keep your money in the account until the withdrawal date, you are guaranteed to earn the interest rate promised when you buy the CD.

Doral Bank Direct, an online-only division of Doral Bank, offers a variety of CD rates and terms. The Doral Bank Direct CDs require a minimum deposit of $1,000 and interest is compounded daily.

Doral Bank Direct CD rates and terms

Term / APY

6 and 9 months / 0.75%

12, 18 and 24 months / 1.15%

36 months / 1.65%

48 and 60 months / 1.80%

Compare CD rates and terms online to find the best bank deals.

Sallie Mae Money Market Account at 1.00 percent APY

RateAPY Bank Rates News — Mon, 19 Dec 2011 21:45:05 +0000

A money market account can be a good option if you are building an emergency fund and need to earn interest while keeping your money safe and accessible.

One of the best money market accounts around in terms of simplicity and interest earnings is the Sallie Mae Money Market Account. Sallie Mae, known best for its student loan products, also offers online-only personal bank accounts. The bank’s money market account has no minimum balance requirement and no monthly maintenance fee. All account balances, no matter how large or small, earn 1.00 percent APY and all funds are FDIC-insured to the maximum limit of $250,000 per depositor.

Compare money market account rates and terms to find the best deal for you.

Chesapeake Bank pays 1.04 percent on Clear Sky Savings Account

RateAPY Bank Rates News — Mon, 19 Dec 2011 19:21:48 +0000

One of the fastest and safest ways to build an emergency fund is to open a savings account and have money automatically transferred from each paycheck.

Chesapeake Bank offers online-only accounts known as Clear Sky Accounts which can be opened and maintained entirely through the Clear Sky website. The funds in these accounts are FDIC-insured to the maximum limit of $250,000 per depositor. The Clear Sky Savings Account currently pays 1.04 percent APY on balances of $1 to $249,999. Balances of $250,000 and up earn 0.25 percent APY. The account has no monthly maintenance fees and no minimum balance requirements.

Compare savings account rates and terms online for the best bank deals.

AmTrust Direct’s Premium e-Money Market Account pays 1.15 percent APY

RateAPY Bank Rates News — Tue, 13 Dec 2011 22:23:26 +0000

If you’re looking for a safe place to keep your emergency fund, a money market account is often the best choice. Not only is your money FDIC-insured, but you’ll earn interest and have quick access by check, transfer or ATM.

AmTrust Direct, a service of New York Community Bank, offers a Premium e-Money Market Account for online customers. This money market account requires a minimum opening deposit of $5,000 and earns 1.15 percent APY on balances from $5,000 to $100,000. If your balance drops below $5,000, you’ll still earn 0.25 percent APY on every penny. Free online banking allows you to transfer funds within the bank and with other financial institutions.

Compare money market interest rates and terms to find the best bank deal that meets your needs.

AmTrust Direct’s Premium e-Money Market Account pays 1.15 percent APY

RateAPY Bank Rates News — Mon, 12 Dec 2011 13:58:42 +0000

Compare money market interest rates and terms to find the best bank deal that meets your needs.

Melrose Credit Union CD available at 2.68 percent APY

RateAPY Bank Rates News — Mon, 05 Dec 2011 14:23:52 +0000

A certificate of deposit is one of the safest places to keep your money while saving for a specific goal and credit unions often offer the best bank deals on CDs.

Melrose Credit Union, based in New York State but open to members without any geographical or organizational affiliation restrictions, currently offers a range of competitive CDs. Compounded quarterly, each Melrose Credit Union CD requires a minimum deposit of $5,000.

Melrose Credit Union CDs

Term / APY

1 year CD / 1.15%

2 year CD / 1.41%

3 year CD / 1.91%

4 year CD / 2.17%

5 year CD / 2.68%

Compare CD rates and terms to find the account with the highest interest rate.

Washington Savings Bank Saver Reward account pays 1.51 percent APY

RateAPY Bank Rates News — Mon, 28 Nov 2011 13:09:35 +0000

Sometimes the best financial choice can be to have a savings account and a checking account at the same bank so you can meet minimum balance requirements and avoid fees.

At Washington Savings Bank, the rewards of having both a checking account and a savings account are bigger. You can earn 1.51 percent APY on funds up to $15,000 in the Washington Savings Bank Saver Reward account as long as you meet the rewards qualifications of the Interest Checking account.

$10 to open savings account
No monthly fees
No minimum balance requirement
12 debit card transactions per month
1 automatic payment or direct deposit per month
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Compare savings account rates and terms online to find the highest interest rates.

Earn 3.00 percent APY on checking account with Market USA Federal Credit Union

RateAPY Bank Rates News — Mon, 21 Nov 2011 15:14:32 +0000

While building up an emergency savings fund is a worthy goal, you should also keep in mind the option of earning interest on the money that sits in your checking account waiting for bill-paying day.

The Market USA Federal Credit Union, open to members in a wide range of financial, real estate and insurance companies, offers a Platinum Tier checking account that pays 3.00 percent APY on funds up to $50,000.

To earn this interest rate, you’ll need:

Three online bill payments per month
Minimum of 12 Visa check card purchases per month
$250 in direct deposits per month
No minimum balance required

Compare checking account rates and terms online to find the highest interest rates.