4.05% Money Market Account at Indy Mac Bank

Indy Mack Bank has a 4.05% APY on their E-Money Market Account. You must have a minimum balance of at least $1000 to open the account and must leave $1000 in there to receive interest. If your balance falls below $1000 at any time you will be charged a $7 monthly fee.

This is a basic Money Market account with no ATM Card or checkwriting privileges, but there is ACH functionality to move money in and out of the account to your local bank.

Link to Account Details and Signup Page

As interest rates keep falling this is a pretty good deal if you are looking for a place to stash your cash. However, don’t get your hopes up too high as I am sure they will adjust the rate down as soon as they get a flood of people opening accounts. So get in now if you want the high rate!

 Thanks to reader Mike who emailed me about this offer. 

3.9% Moneymarket at Nationwide Bank

Nationwide bank is currently offering a 3.9% APY on their Online Money Market Account. On their site they have it broken down into interest rate tiers but all tiers from $1 - $100,000+ will receive the 3.9% APY.

Even though the account pays 3.9% on a one dollar balance, you need to keep a $1000 minimum balance to avoid the $8 monthly fee. As this is a Money Market, standard Money Market Account rules apply and you can only make up to 6 pre-authorized withdrawals per monthly statement cycle, otherwise there will be a $5 fee for each withdrawal thereafter.

Nationwide’s Money Market Accounts offer the following features:

Attractive rates
Free online banking
Free online statements detailing monthly activity
Free ATM card upon request
Access to more than 32,000 Allpoint surcharge-free ATMs and 400,000 Visa®/PLUS ATMs across the country
Two free non-Nationwide Bank ATM transactions per month
Free money transfer between your Nationwide Bank accounts and from your accounts with other banks
Complete transactions online, over the phone, at an ATM, by mail
May be linked to a checking account for overdraft protection
$1,000 minimum deposit to open an account
FDIC insured

Account Details Page

Not a bad rate considering the other banks’ rates are in a downward spiral!

Get 1000 Hilton Honors Points from Amazon.com

Here is a quick little promo from Amazon.com and Amex’s Hilton Honors Card.

If you make a purchase from Amazon for at least $50 with your Hilton Honors Amex Card, you will be awarded with 1000 Hilton Honors points. Unfortunetly this deal only goes until March 31st, so you already need to have the card to get in on this promo since you need to buy something from Amazon by Monday.

Here is a copy of the promo that was emailed to me this morning:

(Click On Image for Larger Picture)

Since you can pretty much buy anything from Amazon.com including groceries and personal items, why not take advantage of this and get those 1000 Hilton Honor’s points and get closer to that free night at a Hilton Hotel. You were gonna spend the money anyway, right?

If you don’t have a Hilton Honors Award Amex Card, you can get one and 50,000 Hilton Honors Points Here:

100 Free Trades a Year With Wells Fargo Investments

Here is a promotion that has been out there for a while, but I thought I would mention it since I haven’t yet. Wells Fargo Investments will give you 100 Commission Free Equity Trades per year if you have $25,000 in brokerage, loan balances or deposits with them. You need to open a Wells Fargo PMA Package which includes a checking account and brokerage account. As long as you keep your checking account linked to your brokerage account, there are no checking fees. And assuming you meet the $25,000 balance requirement there are no fees for the brokerage account either.

Wells Fargo accounts used for balance qualification include checking, savings, time accounts (CDs), retirement (IRAs), brokerage, trust (excluding irrevocable trusts), loans, outstanding credit cards and line of credit balances, and 10% of an outstanding mortgage balance .

This promo works great if you have a mortgage with Wells Fargo. Say for example your outstanding mortgage loan is $275,000. So 10% of $275,000 is $27,000. You have just satisfied the $25,000 requirement for the free trades.

 The checking account comes with free checks, debit card and pays tiered interest on your balance. There is also an electronic transfer feature that allows you to transfer money between the checking account and brokerage account.

Link To Details and Sign Up Page

 If you have $25,000 in deposits or a mortgage, or a combination that gets you to $25,000, this is a totally free investing solution. You figure with 100 free trades per year you get 8 free trades per month. This is pretty good for someone investing over time as you are buying stock at cost. If you are a day trader, this probably isn’t a good fit for you.

Free $50 From American Express Knot and Nest Cards

American Express has 2 promos going for their Knot and Nests Cards. After signing up for either card and making your first purchase, you will receive 5,000 Membership Rewards points which can be redeemed for a $50 gift card.

You can also earn an additional 10,000 Membership Rewards points if you spend $15,000 within the year you signed up. (This may not be possible for everyone unless you are a big spender!)

The Knot and Nest cards have tailored features around getting married and having a child respectively. Both of the cards come with a free planning kit for you to be ready for the life changing event. However they are and act like normal credit cards. Neither of these cards have an annual fee.

Application Page for Amex Nest Credit Card

Application Page for Amex Knot Credit Card

Best Buy Gives $50 Gift Cards Because of HD-DVD Death

If you read any technology news you probably heard that HD-DVD is now done and Blue Ray is the winner of the new HD DVD format. What is interesting is that Best Buy has decided to give anyone that bought an HD-DVD player from them prior to Febuary 23 a $50 best buy gift card. Apparently they are gonna do this on their own and based on its Reward Zone program, performance service plans and through online purchases. They will mail out the gift cards to those individuals by May 1.

 If you don’t think they will know you purchasesd a HD-DVD player from them or you paid cash, call or go to your local Best Buy and provide a Best Buy receipt or credit card information for proof of purchase.

 I almost purchased an HD-DVD player back when they were giving away 10 free movies if you bought one. I guess I am glad I didn’t. At least they are showing some sort of sympathy towards the ones who did. This goes to show you that being at the forefront of technology is not always the wise thing to do. Sometimes you need to sit back and let it all play out!

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