Melrose Credit Union is unique in several ways. Below are some of the key elements to it’s profitability and high rates. No Membership Requirements First it has an open charter which means US residents in any state can become members without the usual need of belonging to a certain group. Unusual Profitability Due to Taxi License Loans Second, Melrose Credit Union is unusually profitable because it makes loans to prospective New York cab drivers. Each cab in New York requires a … [Read more...]
Best Money Market Rates in 2011
Below is a rate sorted chart of the current best money market rates and savings account rates available nationwide. RATE (APY) MIN. DEPOSIT BANK or Credit Union 1.10% $5,000 EBSB Direct 1.07% $1,500 EverBank 1.05% $2,500 Hudson City Bank 1.04% $1 Ally Bank 0.90% $250 Tennessee Commerce Bank Feel free to submit a rate or a bank deal that you find at: https://www.ratecatcher.com/contact-us/ … [Read more...]
Today’s Best Savings Account Rates
Although banks have continued to lower their savings rates, it still pays to know which are paying the most: 1.35% @ SmartyPig (was 1.75%) $1 Min. Deposit 1.31% @ SFGI Direct (was 1.41%) $500 Min. Deposit 1.30% @ EBSB Direct (was 1.55%) $5,000 Min. Deposit 1.15% @ American Express Savings (was 1.30%) $1 Min. Deposit 1.13% @ EverBank Money Market (was 1.30%) $1,500 Min. Deposit Out of all of these my pick is SmartyPig and not just for the rate. SmartyPig has the … [Read more...]
$100 Checking Bonus at Univest Bank
Banks are competing fiercely for consumers dollars. One of the most reliable ways to insure consumers will use a particular bank is to get them to sign up for direct deposit. Univest Bank is offering $100 for opening a checking account and setting up direct deposit from government or payroll checks. Be aware that Univest conducts a hard pull of your credit when you apply for a checking account. To qualify for the bonus: You have to setup direct deposit within 90 days of account … [Read more...]
Incredible Bank’s New 12 and 18 Month CD Rates and Checking Account
Incredible Bank is getting media attention for it’s no-strings-attached high interest checking account currently offering 1.35% APY and has a $1,000 minimum deposit. Incredible Bank has recently increased their 12 Month CD APY by 0.15%, from 1.30% to a much more competitive 1.45% APY. The Bank is also introducing a new 18 month CD with a competitive interest rate as well. The interest rate for each of these CD’s are as follows: - 12 Month CD at 1.45% APY - 18 … [Read more...]
