New Bank Offers

MyBankingDirect raises some CD rates
Aug 31, 2018
Amtrust Direct has been rebranded to MyBankingDirect, which is a service of New York Community Bank .
MyBankingDirect has raised some CD rates to:
2.15% APY - 6 Month CD from 2.00%
2.45% APY - 12 Month CD from 2.25% and
2.75% APY - 24 Month CD from 2.50% .
The interest rate remains fixed until maturity. Fees could reduce earnings. A penalty may be imposed for early withdrawals. My Banking Direct, a service of New York Community Bank reserves the right to cancel or modify this offer at any time without notice.

Learn more here.

 

 
 
 

Radius Bank raises High Yield Savings Rate to 1.96% on Balances over $25,000
Aug 31, 2018

Radius Bank has raised its high yield savings rate on balances over $25,000 from 1.86% to 1.96%.   Compare all online savings rates here.


Fnbo Direct raises Online Savings Account to 1.85% APY
Aug 6, 2018
FNBO Direct is a division of First National Bank of Omaha.
Currently, the interest rate on  FNBO Direct Online Savings account is 1.83% with an annual percentage yield of 1.85% APY ( from 1.75% APY ) . Must deposit a minimum of $1.00 to open this account. The interest rate and annual percentage yield may change.
 

Learn more here.

 


Ally Raises Savings and 11-Month No Penalty CD rates
Aug 3, 2018

Ally Bank raised its savings rate this morning to 1.80% on all balances.   Ally also raised its 11-Month No Penalty CD rate to 2.00% on balances over $25,000.   You can find a complete list of rates and offerings from Ally here or compare all online savings rates here.


2.15% APY 6 Month CD on Dollar Savings Direct
Jul 30, 2018
Dollar Savings Direct offers 2.15% APY for 6 Month CD. Minimum $1,000 deposit.
Interest is compounded daily and credited monthly.
Automatic notification prior to maturity.

Learn more here.

FDIC Insurance to the maximum extent allowed by law.
A penalty will be imposed for early withdrawal.

CIBC Has 15-Month In-Branch CD Special
Jul 10, 2018

Canadian Imperial Bank of Commerce (CIBC) is offering a 15-month CD special at 2.68%.  This rate is attractive compared to 18 month online CDs and depending on where you live you may not find a local 18-month CD rate this high.  You'll need to get to a CIBC Bank branch to take advantage of this offer and unfortunately those are only in WI, IL and MI.


HSBC Relaunches US Online Savings Accounts
Jul 10, 2018

HSBC, the major London-based conglomerate, has relaunched an online banking product in the US.   After recently being active in the US through the HSBC Advance moniker, they have opted to go back to HSBC Direct which they used in the early 2000s.   Their online savings rate is 1.70% (hint: you will find better online savings rates here).    You can learn more about HSBC here.


Sallie Mae Bank raises online money market rates again
Jul 5, 2018

Sallie has raised it online money market rate to 1.90% from 1.75%.   For the complete list of Sallie's online rates, please visit this page.   The most comprehensive list of the best online savings and money market rates is here.


Live Oak Bank Raises It CD Rates
Jul 5, 2018

Live Oak Bank has raised all of their CD rates.   For those willing to tie up their money for short periods in order to earn higher interest rates, their 6-month rate (now at 2.00%) and the 1-year rate (now at 2.50%) could be compelling.   Their complete CD offerings can be found here.  The complete and most current list of 1-year online CD rates is here.


Earn up to 5.00% APY on balances up to $5,000 on Premier Bank
Jul 5, 2018
Premier Bank offers 5.00% APY on balances up yo $5000 with Life Checking Account.
All consumer checking accounts have a minimum opening deposit of $25. LIFE CHECKING: Daily balances up to $5,000.00 earn an interest rate of 4.90% with an Annual Percentage Yield (APY) of 5.00%. The initial rate on your account for this tier will not drop below the floor rate of 5.00% APY through at least 12/31/18. Balances $5,000.01 or greater earn an interest rate and APY of 0.25%. Must make 20 debit card purchases per statement cycle; signature or PIN based transactions qualify. Debits are determined on the date it is posted to your account and not the date of the transaction/purchase. Debit purchases at or near the end of the month may post in the next month’s statement cycle. ATM transactions do not count as debit transactions to qualify for the preferred rate. If requirements are not met the account earns a base interest rate and APY of 0.01% on all balances. No minimum balance required. This is a variable rate account. For consumer deposits only.
Learn more here.