Best Bank Rates August 2010
When in search of the best bank rates August 2010, be sure to keep an eye out for any of the new fees that might mitigate the rates you are looking for so hard. Banks are now only out to make a profit. This is unlike many years ago when they were a place to do business and help those in their community. Yes believe it or not that actually happened at one time, but it has been a long time ago.
There are some great offers but they are localized like the one in North Carolina at Randolph Bank. They have a checking account that has an APY of 4.75%. But if you need a national bank that is open for anyone in the nation the best rate on a checking account EverBank has but the APY is only 1.46%.
Unfortunately when you look closer at this account at EverBank, the rate is for the first year only and on deposits of $50,000 to $99,999. For deposit of $9,999 or less the first year APY is only 0.95%.
Sallie Mae has a high yield saving account that is currently offering a 1.40% APY that has no minimum amount required to receive this APY. There is also a program that the account holder can receive a matching 10% of their savings by the bank. The requirement is that every cycle a $25 deposit must be made and the balance must be over $5000 to participate.
These are the current online banking figures you can find. There are great accounts being offered by many smaller community banks with a residence restriction. The reason they are making these offers is to lure customers back from the larger corporate mega banks that took over the business. It is advisable to look locally first before going to a national bank for the best bank rates August 2010.
For additional resources involving financial help, please view Best Checking Accounts Update on this website and Best CD Rates August 2010 on our sister site.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
Related Posts:
Comments
One Comment on Best Bank Rates August 2010
-
M&T Online Banking | Online Banks on
Thu, 12th Aug 2010 3:59 am
[...] additional resources involving financial help, please view Best Bank Rates August 2010 on this website and Banks with the Best CD Rates on our sister [...]
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
