CIT Bank has a new Savings Builder Account deposit bonus. You can get up to a $300 cash bonus depending on deposit amount, and it is open to both new and existing customers. The bonus is on top of the interest rate, currently 1.85% APY (as of 11/12/19) at their top tier for qualifying accounts. Here are the details. New deposit bonus details. For new customers, you must first open a new account with at least $100 and promo code Bonus19 at this link. If you already had an existing account as of 10/4/19, you need to first officially enroll in this offer via the “Let’s get started” button at this link for existing customers. After doing that: A new deposit of $25,000 to $49,999 within… [Read More...]
State Farm Bank Review
State Farm may be best known for insurance, but it also dabbles in the banking business. State Farm Bank is a good fit for people who like online banking and who choose to invest in money market accounts and other retirement account options. Finding a bank branch is a challenge, so you may want to choose a different financial institution if you like banking in person. When it comes to State Farm Bank’s interest rates, it’s hit-or-miss. The bank’s basic savings account has an effective APY of almost 0%. However, the bank does offer decent interest rates on CDs. State Farm Bank at a glance Minimum Savings Deposit Maximum Savings APY 1-Year CD Rate J.D. Power Survey Score Key Benefit State Farm Bank … [Read More...]
TIAA Bank Review
TIAA Bank was established in 1918 in Jacksonville, Florida. Today, TIAA provides various banking and investing services throughout the United States. TIAA Bank currently services customers in all 50 states and while there are only physical banking locations in Florida, it also functions as a fully online bank for customers outside of the Sunshine State. Its product line includes various checking and savings accounts, money market accounts and CDs. This bank also has nationwide home lending offices to help clients with mortgage needs. TIAA Bank at a glance Bank Min Savings Deposit Max Savings APY 1-Year CD Rate J.D. Power Survey Score Key Benefits TIAA Bank $25 2.00% 1.85% N/A High interest earned on checking, savings and money market accounts What we like about it One of … [Read More...]
Orion FCU Premium Checking Review: Now 3% APY (Up to $15k) w/ Activity Requirements
Update 11/25/19: Orion FCU sent an e-mail to existing members that they will be lowering the rate on the Premium Checking account starting 12/1/2019. Thanks to reader Bill for the tip. Instead of 4% APY on up to $30k, they are implementing the following tiers: 3.00% APY on the first $15,000 in balances. 2.05% APY on the amount above $15,000 and below $100,000. (The first $15,000 still gets 3% APY.) 1.50% APY on the amount above $100,000 and below $250,000. 1.00% APY on the amount above $250,000. If you don’t meet the requirements listed below, you only get 0.05% APY. I will update the full original post later. The website has not been updated yet as of this writing, so this is a quick heads … [Read More...]
Andrews FCU 3-Month/84-Month Certificates at 3% APY
Andrews FCU has a few special certificate rates going on right now. These aren’t my idea of doorbusters, but interest rates are low again and these do manage to break the 3% APY barrier (barely). 3-Month Share Certificate at 3.01% APY ($1,000 min). This is their “Black Friday special”. Offer valid November 25, 2019 through December 6, 2019. 84-Month Share Certificate at 3.05% APY ($1,000 min). The Special 84-Month Certificate has a penalty equal to 360 days of dividends. Note that all 3-Month Certificates are automatically set to renew at the 12-Month share certificate rate and term upon maturity. You must manually tell them if you want to simply withdraw. Please see my Andrews Federal Credit Union Application and Account Opening Review for more details on the opening process. Note… [Read More...]
BMO Harris Bank Review
BMO Harris bank has been around since 1882. It was first known as N.W. Harris and Co., but after a series of changes, this bank merged with Bank of Montreal and became BMO Harris, as it’s known today. BMO Harris is headquartered in Chicago, but this bank also has over 500 branches in eight states. If you are not in one of those states, though, you can still open a BMO Harris account online. One of the things that makes BMO Harris stand out is its outstanding money market rates, even in states where the bank does not have a physical presence. With the ability to write checks and withdraw funds at an ATM, the money market account offers more flexibility than similar ones offered elsewhere. BMO … [Read More...]
Bank of America Bank Review
Bank of America Corporation is a multinational investment and financial services company that is headquartered in Charlotte, North Carolina. The company also has banking hubs in New York City, London, Hong Kong, Minneapolis and Toronto. It is the second-largest banking institution in the U.S. after JPMorgan Chase. Bank of America was formed in 1998 with the $62 billion acquisition of BankAmerica by NationsBank. The company later established commercial banking operations, which include Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking. As one of the largest banks in the U.S., Bank of America has both a huge physical and digital presence. The bank has about 4,500 branches, including branches in the country’s 30 top urban markets. They also have a mobile app … [Read More...]
Marcus Bank Review
Goldman Sachs is an investment bank that was founded in 1869, and Marcus is its online offshoot that launched in the U.S. in 2016. These days, the bank’s headquarters are in New York City. Marcus is known to offer high-yield savings and certificate of deposit (CD) accounts that are accessible even with a low deposit, and its No-Penalty CD is a unique option compared to the competitors. Anyone looking for no-fee savings accounts might want to look into Marcus. Its rates are high compared to the competition. The downside, though, is that it’s an outgrowth of a traditional bank, which means that in some cases Marcus’ technology isn’t as advanced as other banks. Marcus Bank Bank Min Savings Deposit Max Savings APY 1-… [Read More...]