1.75% APY High Yield Savings at Bank of Internet

As banks are dropping interest rates many of the online only banks are able to keep their interest rates up. Bank Of Internet has a competitive yield of 1.75% APY on their High Yield Savings account.

There is a minimum for $100 to open the accout, but after the account it opened there is no minimum balance or maintenance fees involved. There is an ATM card available for you to access your money via ATM’s.

Bank of Internet is FDIC insured up to $250,000 per account. Their FDIC certificate number is 35546.

I do not have an account with Bank of Internet and cannot comment on service, but after reading some reviews it appears that there are no major complaints. With this rate I may look into opening an account as all my current savings accounts are lower then 1.75%. If anyone out there has an account with them, please post a comment and let me know about their products.

More details can be found at Bank of Internet’s Website.

WTDirect Promo – Up To $150 Bonus for New Account – August 2009

From Budgetcents.net: There is a new WTDirect Promo where you can get up to $150 for opening a new High Yield Savings Account. The amount of ther bonus is based on the amount that you open the account with.

Here are possible bonus levels:

• $150 bonus for $50,000 balance
• $100 bonus for $40,000 balance
• $75 bonus for $30,000 balance
• $50 bonus for $20,000 balance
• $25 bonus for $10,000 balance

See the Promo Page for more details

The bonus will be in addition to the 1.76% current APY that is being offered for money in this account. That is a pretty respectable rate considering the current market conditions. And don’t forget that WTDirect is FDIC insured, so no need to worry about moving your money here.

What you need to do:

• OPEN a new account HERE
• LINK an existing bank account to your new WTDirect account during the application process.
• FUND your new account by initiating an online transfer by 8/15/009.
• KEEP your funds in the account through October 31st 2009
• EARN your bonus — calculated by determining the average balance from 7/31/09 – 10/31/09. During that time, you will have 100% access to your funds.
• RECEIVE your cash bonus in mid-November. It will be deposited directly to your WTDirect account

WTDirect has had decent bonuses in the past, but they tend to end quickly once a lot of people start signing up. So get in if this looks attractive to you. I am jumping in on this once since I missed the previous bonus.

WTDirect Details:
WTDirect is a division of Wilmington Trust FSB which has been FDIC insured since 1994

$100 New Chase Checking Account Bonus

Budgetcents has found a new Chase promo where you can get a $100 bonus when opening a new Chase Checking Account.

To qualify for the bonus you need to open the account with a minimum of $100. Then within 60 calendar days of opening the account you need to either have one direct deposit, or five debit card purchases posted to your account. The cash bonus will be deposited into your new account within 10 business days after the initial direct deposit or five debit card purchases have posted to your account.

You can either open the account online via the Chase Promo Page, or on that page you can generate a $100 coupon to your email which you can take into a branch to open the account in person.

Don’t forget that the Chase Checking account requres at least one direct deposit for 5 debit card transactions each month to avoid a $6 monthly fee. (ATM withdrwals are excluded)

This is a pretty good deal for a free $100. The 5 debit card transactions are easy to pull off every month especially if you make this your primary checking account,

Free $100 From Bank of America Checking

You have probably seen the TV commercials on this one, but I though I would post it anyway. The $100 Bank of America Checking bonusis back. This offer is available for both personal and business checking accounts.

You will get $75 when you open a new qualifying personal or business checking account with a $250 deposit and make a purchase with your debit card. You can then get an additional $25 when you make 2 online bill payments within 30 days of the account opening. Business checking customers can pay 2 bills with Bank of America’s Small Business Online Banking Bill Pay service or use the Online Business Suite Direct Payments service.

Note the promo codes that need to be entered:
Personal Accounts – WIWGASINT
Business Accounts – SBECASH

In the small print of the offer it says that your bonus can be given to you in two ways. They may deposit the money into the new account you just opened, or you may receive a check by mail. Not sure why they would mail a check, but it may have to do with tax reasons for the business accounts.

Beware of fees on their checking accounts. My suggestion would be to open a MyAccess checking account which has no fees or minimum balances.

Bank Of America $100 Promo Details

Ally Bank – Best Savings Account

(Note: all rates are as of 03/02/2010)

In my quest to find the best savings account, I think I can finally give the crown to Ally Bank’s High Yield Savings. For those of you that haven’t heard, Ally Bank is the new name for GMAC Bank. GMAC Bank always had competitive rates on its savings account, but now that all other banks have lowered their rates, Ally Bank is one of the highest out there.

Ally Bank’s High Yield Savings currently offers 1.39% APY for any balance in the account. There is no minimum balance or any fees associated with this account. Ally Bank has a very fast ACH transfer system which allows you to link your checking account to your Ally savings account to move money in and out quickly and easily. You can link multiple accounts. I am not sure if there is a max, but I have 5 different bank accounts linked at the moment. The transfer feature also allows you to set up automated withdrawals to your account which makes saving over time easy. You can also open multiple savings account so that you can keep your savings separate. I currently have 3 open. One holds my savings, one holds the savings for my property taxes and the third holds my vacation fund. I have all three accounts automatically deduct money from my checking account each month.

One thing to note that since the High Yield Savings is a savings account, you are limited to 6 withdrawls per month which is based on a federal law governing savings accounts. Deposits are unlimited.

You can compare Ally bank to the likes of ING Direct. It has all the same features but compared to the 1.2% rate they ING is offering, Ally Bank is definitely the clear winner. Ally Bank deposits are FDIC insured up to $250,000 per account, so you can feel safe in the fact that your money is protected.

Ally Bank also has other high yield products. They have a money market product which allows check writing and has a debit card with ATM rebates. The current rate on this account is 1.39% APY. This account is great if you want access to your savings via writing a check or going to an ATM. The money market account has no fees as well, you just need to make sure you stay under the 6 withdrawals per month.

They also offer an extremely high one year CD Rate of 1.59%. Again, no fees and no cost to open.

So you can see with banks dropping interest rates everyday, Ally Bank has an impressive suite of products that can help your savings grow. Definitely take a look at the best high yield savings account out there if you are earning a mediocre rate at your current bank!

Free $75 Checking Bonus at PNC National City Bank

PNC, who recently acquired National City, is having a promo where you can get $75 when opening a new checking account. You must open a new checking account by May 9th, 2009, which can be opened online. Their free checking accounts qualify for this promotion, but be sure to establish direct deposit to be eligible for the $75 bonus,

Their site defines a “direct deposit” as a direct deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into checking account. Minimum amount of any single Direct Deposit must be at least $500. The Direct Deposits must be made by an employer or an outside agency.

The direct deposit must be at least $500. The payout of $75 will be credited to the eligible account within 7 days of the first Direct Deposit, which must occur before 6/30/2009

PNC Checking Account Features:

• Free transactions at any PNC Bank ATM.
• Non-PNC ATM fees reimbursed with a $2,000 average monthly balance²
• No minimum balance requirement and no monthly service charge
• Earn rewards with your enrolled PNC Bank Visa Check Card when you make a qualifying purchase
• Free Online Banking and Bill Pay

Check out the promo page for more details.

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