NewDominion Bank out of Charlotte, NC is offering a competitive 1.5% APY savings account rate.
NewDominion Bank out of Charlotte, NC is offering a competitive 1.5% APY savings account rate. We've reviewed NewDominion before because of competitive rates they offered on CDs.
The 1.5% APY savings rate is right in the sweet spot of high yield savings account rates. The chart below shows that 1.5% APY is the most popular rate amongst the banks on the BestCashCow savings rate tables over the past week. That means there is a good choice in banks clustered around that rate.
Features of the NewDominion savings account include:
$1,500 minimum opening balance
$1,000 ongoing balance to avoid a $10 monthly fee
Three free withdrawals per month; $5 each thereafter
The online banking service - GiftsforBanking.com - is offering competitive rates and features as part of a new program.
The Flushing Savings Bank, or FSB, has an online division which is called iGObanking.com. This division of FSB is offering competitive CD rates and a CD gift program to customers beginning March 4. Here are some of the details of the new program and rates:
• Two-year CD with 2.05% APY • Three-year CD with 2.49% APY • Five-year CD with 3.15% APY
The minimum deposit to qualify for one of these competitive CD rates is $5,000. Your free gift will also be dependent on how much you deposit into the account. The five levels of deposit are $5,000, $10,000, $25,000, $50,000 and $100,000. Here are some other things you should know before making your deposit:
• The value of your gift will be reported on your 1099. • If you withdraw the money from your CD early, you may also be penalized the value of the gift. Shipping fees and sales tax will also be included. Some of the gifts include the following:
• For a five-year CD with $25,000, you will receive a 40” Sharp Aquos LCD HDTV • For a five-year CD with a $50,000 deposit, you may receive a 52” HD Samsung TV • For a five-year CD with $100,000 deposit, you may get a Canon LCD Multimedia Projector
Is the free gift worth making the deposit? If you do the math, you may find that it will pay off.
North Carolina's MidCarolina Bank is offering a great bonus for signing up for a reward checking account.
The MidCarolina Reward Checking promotion, which began on March 3, offers a high-yielding account. Here are some of the features you can expect if you open a qualifying account:
• For balances up to $25,000, customers will receive 4.25% APY • On the portion of the balances above $25,000, customers will receive 1.01% APY • Customers will receive a 0.05% base rate if they do not meet certain requirements • Customers are also eligible for refunds of ATM fee charges
Here are some of the requirements you must fulfill in order to be eligible for the rewards and benefits:
• At least 10 check card purchases each month • Either one direct deposit or one automatic withdrawal each month • Sign up for e-statements
Some other information about the account includes: • A $500 minimum balance when opening the account • No monthly fees • No minimum balance requirements each month
To sign up for the reward checking account through MidCarolina Bank, you must be a local resident because you have to go into an area branch to complete the application process. If you do live hear a MidCarolina Bank, however, you can begin your application for the account online at www.midcarolinabankrewards.com. Local branches are located in the town of Burlington, Greensboro, Mebane and Graham, all in North Carolina.
You probably won’t find too many deals like this one around. It’s difficult to find a bank offering any checking account with a 4% yield. MidCarolina Bank is offering 4.25%. Checking account offers like this don’t come around every day. Take advantage of this one while you can!
