Bankur.com - Personal Finance and Investing Advice » Featured Articles http://bankur.com Educating the Masses on Personal Investments Sun, 14 Nov 2010 05:57:15 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Interest National 2.60% Savings Account http://bankur.com/interest-national-260-savings-account/ http://bankur.com/interest-national-260-savings-account/#comments Sun, 30 Aug 2009 18:29:17 +0000 Banker http://bankur.com/?p=227 Interest National 2.60% Savings Account

Interest National Bank gives you an alternative to short-term certificates of deposit that are just one percent on an average nowadays. How does it do that? The bank offers a 2.60 percent annual percentage yield (APY). You can even find good certificate of deposit (CD) rates if you invest on the bank.

Before you head to Intervest to apply for opening an account, take the time to read this information about them first.

What is Intervest National Bank?

Intervest National Bank is an online bank whose headquarters is located at the heart of New York City. They also have a full service banking location at Rockefeller Plaza, New York, and they have six branches in their Florida Division. It is a subsidiary of Intervest Bancshares Corporation, a financial holding company also in New York.

Interest National 2.60% Savings Account

Interest National 2.60% Savings Account

It has earned two out of five star ratings from Bankrate’s “Safe and Sound” rating system.

How to File an Account Application

Filing for an account is very easy. You just have to visit the website and complete the application form provided. Print this out and sign on the required spaces. Next, photocopy two legal identification cards you have. Remember that expired ID’s and copies of credit cards will make you ineligible for the account application. Make sure also that your ID’s contain a photo. After this, mail your application form with the photocopy of identification cards. Include a check for your opening deposit. Send your mail to the location of Intervest Bank National.

The minimum deposit for opening a certificate of deposit is $2,500. For the money market account, it’s one thousand dollars.

You may also fax your application to Intervest National Bank. You can also send your funds via wire transfer if that will be more convenient for you. The cut-off time for this is 2:00 PM. Any application filed after the said time will be processed the following day. Also, an incoming wire charge of fifteen dollars will be subtracted from your opening deposit.

After the account is opened, you may receive account documentation from the bank.

Regular Savings Account

Regular savings account is for individuals who need to make convenient withdrawals from their savings account. The minimum deposit required to open an account is a hundred dollars, but you will be charged a twelve-dollar service fee if you don’t keep a maintaining balance of five hundred dollars.

Intervest National Bank will then pay you 2.06 percent annual percentage yield. For instance you keep a balance of five hundred bucks a year. At the end of the year, you will have a total of $513 on your account.

Certificates of Deposit

Intervest National Bank also gives a full line of CD’s with maturities ranging from six months up to ten years. Interests are compounded daily and added to your monthly balance. A minimum deposit required to open a CD account is $ 2,500, as aforementioned. Interest is fixed over the term of the CD, but early withdrawals may warrant penalties.

With these, try Intervest National Bank now.

]]> http://bankur.com/interest-national-260-savings-account/feed/ 0 CNB Bank Direct 2.08% Savings Account http://bankur.com/cnb-bank-direct-208-savings-account/ http://bankur.com/cnb-bank-direct-208-savings-account/#comments Sat, 29 Aug 2009 18:25:28 +0000 Banker http://bankur.com/?p=225 CNB Bank Direct 2.08% Savings Account

While it is true that very few will shell out 2.80 percent on savings and money market accounts, that it’s exactly how much a person can earn with CNB Bank Direct? To learn more about this, here are some subheadings you must read.

What is Citizens National Bank (CNB) Bank Direct?

CNB Bank Direct is the online division of Citizens National Bank of Bluffton in Ohio. CNB was founded in 1920 and it has expanded its assets to a whopping $ 481 million. Currently, it has seven branches in the Northeast Ohio, namely: Bluffton, Elida, Lima, Van Wert, Findlay, Celina, and Springfield. Its Federal Deposit Insurance Corporation (FDIC) number is 6531.
Standing of Citizens National Bank

If you will ask about the ratings of CNB, you will definitely be surprised. It has received four out of five stars in Bankrate’s “Safe & Sound” ratings system. Not only that. The same ratings were given by Bauer Financial. That only means that CNB is a bank which provides safety for your money.

How to Apply Online

The application process for CNB Bank Direct is so easy. First, you have to visit the bank and submit an application. Then you will receive a welcome email that informs you of how to finish the account opening process. Funding for the account is done electronically. You simply have to attach it to a primary checking account at another bank, then do fund transfers via Automatic Clearing House (ACH). This normally takes between one to two days. After this, they will verify your account via two test deposits. They will also be inquisitive about your credit, so be aware about this. This is a regular thing for a bank to do when someone opens an account.

The minimal balance should be a dollar, and there are no fees required. Every month, you can make up to six withdrawals, but the deposit is unlimited.

What About the 2.08% APY

APY stands for annual percentage yield. This is the annual rate of interest that you get out of your deposits or investments. It is also analogous to APR’s or annual percentage rates which are applied in loans. Simply put, annual percentage yield is the amount paid to a depositor by the financial institution he caters.

With Citizens National Bank, you get 2.08% annual percentage yield. That is over six times the national average for savings accounts. That’s also even better than 12-month CD rates or certificate of deposit rates which have now dropped to 1.06% and compared to money market accounts today. And take note that this 2.08% APY is available to every investor across the whole country.

So for instance you have a hundred dollars on your account. After a year, it becomes $102.08 already. But what if you’ve got a bigger savings like a million dollars? You are going to get $ 20,800 APY after a year. That’s a total of $ 1,020,800 on your savings account! Where else would you find that? Of course, only in CNB Bank Direct.

]]> http://bankur.com/cnb-bank-direct-208-savings-account/feed/ 0 Earn 2.5% with This Savings Account http://bankur.com/earn-25-with-this-savings-account/ http://bankur.com/earn-25-with-this-savings-account/#comments Fri, 28 Aug 2009 18:19:22 +0000 Banker http://bankur.com/?p=220 Earn 2.5% with This Savings Account

A lot of good deals come to those who look for it. Are you one of the many who are looking for great deals for their short term savings account? For those who would like to have a win – win deal, the 1st Constitution Direct bank can provide this sort of deal for short term bank savings. The bank’s Super Savings Internet Special disburses a fixed rate of 2.50% Annual Percentage Yield for the initial three months you have dealt with your bank account at 1st Constitution Direct. Then after the first three months, the rate drops to a very decent rate of 2.25% Annual Percentage Yield. However, how long it will last is not definite or guaranteed due to the possible erratic changes in the universal rate. For those with short term savings, this is a very fine choice especially with the 3 months on the average, the CD pays only a dismal 0.50%.

If it is possible for 1st Constitution Direct bank not to cut off the rate after the initial three months, the deal could even be a better option for cash disbursements for 12 months. A lot of banks could only give as much as less than 2.25% Annual Percentage Yield. These CD’s are disbursing a standard of a little over 1 percent. In qualifying for this deal, you need to preserve $10,000.00 as your minimum balance because anything that is worth less than $10,000.00 would just earn as low as 1.60 percent Annual Percentage Yield.

Earn 2.5% with This Savings Account

Earn 2.5% with This Savings Account

Are you interested in opening an account now? If you want to open a 1st Constitution Direct bank account online, you can do so regardless of where you are in the country. All you need to do is to have an internet connection. After opening an account online, with a few clicks of the mouse, you can now transfer money to your new short savings account directly from your previous savings checking account.

If you are wondering, the 1st Constitution Direct is a direct online department of the 1st Constitution bank. The bank has about eleven (11) branches is the northern portion of New Jersey. Direct Super Savings Account online allows you to have full control of your account anytime you want to have a transaction. For those outside New Jersey, you need not worry because access is within a few clicks of your mouse. Transferring funds and checking them back again is very possible through 1st Constitution Direct Online Banking.

To compare 1st Constitution deals with other banks online, kindly check out the savings and money market rates in its official website. 1st Constitution Bank branches and 1st Constitution Direct online banking are members of the FDIC or the Federal Deposit Insurance Corporation. The bank is insured by the FDIC of up to $250,000 per shareholder and depositor. Remember that joint and individual accounts are separately insured. The Federal Deposit Insurance Corporation is a corporation recognized by the government. If you want to know more about FDIC, please visit their website at www.fdic.gov.

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