Virtual Bank, a Florida-based online bank, has raised their CD and savings rates.
As of August 8, the bank's rates are now the best 3 month and 1 year CD rates according to the BestCashCow.com rate charts.
In the past, the bank has tended to raise and lower rates quickly, so depositors will probably need to act quickly in order to secure these rates and to monitor the bank's savings rates carefully if they choose to open savings accounts.
As with all deposits in this uncertain period, depositors should be careful to keep deposits below the FDIC insurance limits.
Comments
Sam Cass
August 08, 2008
They also have the highest rate on 3 month CDs.
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