A 3.05% APY on Your Savings Account Via SmartyPig

A 3.05% APY on Your Savings Account Via SmartyPig

If your bank offers you an annual percentage yield (APY) of anything above 3%, then you have a great deal in your hands. This is why SmartyPig continues to be a leader in this field with its highly competitive rate of 3.05% on its savings account which is quite unique from the others.

Though it is true that this rate may look very impressive at first glance, the truth is SmartyPig’s APY offer has already fallen several times from a very high APY of 4.30% last March 2008 to last winter’s 3.25% APY and today’s 3.05% APY. Lower, yet still one of the best in the market at present.
It is very seldom to find a money market account or a savings account that will give you 3%, if any. (Should you know any bank that really does offer 3% or more, kindle inform us because we really will appreciate such rare information.)

To be able to enjoy this rate, you will have to also follow the unusual yet goal-oriented rules and restrictions set by SmartyPig. Some of these rules are as follows:

• Upon opening of your account, a savings goal must be set as well as the date you intend to reach said goal.

• A minimum of $250 should be deposited.

• SmartyPig will be monitoring the goal you set along with the timeline. It will further suggest the automatic withdrawal monthly from your other accounts, such as checking and savings, just to be able to achieve your goal.

Should you find the abovementioned regulations acceptable, you can already start your account. If you find the need however, you can always withdraw your savings even before you reach the goal you set. If you will choose to do that though, you need to withdraw all of the money in your account, not just part of it. This is just one of the unconventional rules required by SmartyPig which is actually designed to encourage the depositor to stick to their goals and be able to save for their future.

Your deposit with SmartyPig is safe being insured with FDIC. You can rest assured that its online site is quite secured with your personal information details, which you will supply in the online application form, will be protected. The money you deposited to them will be in a secured place held in West Bank, Iowa, an institution that is more than a century old already.

It would interest prospective depositors to learn that those who have placed their money in SmartyPig have no complaints and negative feedbacks on their choice of bank. In fact, they seem to like SmartyPig. One depositor divulged that he have been with the bank for more than six month to date and has not encountered any problem. He went on to add that the bank’s customer service is great with all his queries addressed promptly in a very courteous manner either by e-mail or by phone.

Should you want to compare or consider other banks, simply go through our extensive database of hundred of various banks. It is through comparison will you be able to truly appreciate SmartyPig.

Popularity: 11% [?]

Only the Best Savings Accounts Can Give Up to 2.30% Deposit Earnings

Only the Best Savings Accounts Can Give Up to 2.30% Deposit Earnings

Banks that offer a very low APY (Annual Percentage Yield) can be quite frustrating. What will even more dismay you however is the fact that what is considered to be high yielding savings accounts are giving just a mere 2%. But you will learn to appreciate this when you start finding out that there are a huge number of banks that give their avid customers an even lower APY of 1% their savings accounts. Worst of all, there are many cases where the rates are even lower than 1%.

Many banks are giving unimpressive rates of 0.10% to 0.25% on the savings accounts. Chase Bank is in the bottom of the list with their record breaking, all time low APY of 0.01%. They offer this rate not only on their savings account but also on their money market accounts. Banks like this makes one appreciate the rates given by other high-yield savings account offers of some nationally available banks like Tennessee Commerce Bank, Bank of the Internet USA and Ally Bank.

Tennessee Bank tops the list of the most desirable banks with its 2.30% APY for a minimum deposit of only $250. This bank has a single branch in Franklin, Tennessee but accepts out-of-state deposits and even allows depositors to open their accounts online.

Next on the list is the online bank of Bank of Internet USA. It is based in San Diego and offers its savings account depositors a 2.06% APY for a minimum of $100 deposit.

Third best bank in terms of APY is the Ally Bank. It has no minimum deposit but gives a high 2.05% APY. This is the new name of GMAC Bank.

It would be great news for savings account depositors to know that just recently, a high 2.50% APY is now offered to them. This offer comes from the second in our list, Bank of the Internet USA, who has just took over Tennessee Commerce as being the most desirable and the best savings account. Tennessee Commerce remains to offer 2.30% APY. Also a good offer is from Goldwater Bank which is 2.03% annual percentage yield for a minimum of $1,500.

Should you be a new depositor and is still on the look out for the best bank in terms of interest rates, then you may want to consider the abovementioned banks. You may also find the online banks a convenient way of banking, coupled with the best deal now being offered of a 2.50% APY by Bank if Internet USA. Should you be interested, the steps are quite simple and can be accomplished in a matter of minutes. What you should do is furnish your personal details via the online application form and then submit it. You will then be given your own account number as well as the information you will need to access your account. You can now start your personal online banking and enjoy its convenience and simplicity. You may also want to consider other banks and their rates as listed in our highly extensive bank database.

Popularity: 6% [?]

Up to a Very High 2.50% APY Offered by the Best Savings Accounts

Up to a Very High 2.50% APY Offered by the Best Savings Accounts

If you are familiar with the interest rates given by hundreds of online banks and other regular banks, you will know that the money you will put in any of their best savings accounts will be the most lucrative this month. This is because their APYs are one of the most high-yielding, with an annual percentage yield of up to a very high 2.50%. Below are the top three of the best banks with the best

APYs:
• Bank of the Internet USA – it is currently ranking number one due to its offer in its Advantage Savings of 2.50% annual percentage yield (APY) on a minimum deposit of as low as a mere $100.
• Tennessee Commerce Bank – Previously on the top spot, it was now surpassed by the 2.50% APY offer of Bank of the Internet USA. Its offer is still at 2.30% APY for the minimum deposit of $250.
• Goldwater Bank – It is a close third with a 2.03% annual percentage yield for its savings accounts which has a minimum of $1,500 deposit.

To get a better appreciation of these offers and rates, you may want to compare them with the other deals and rates being offered by the hundreds of banks in our long list of bank resources and database.

It is saddening to note, although the rates they are offering are far reaching and found nationwide, that it has to be these small banks which can offer the best rates to depositors all over the country. This is just a sign that many bank today has place not much importance on the savings account depositors. These customers are not very much appreciated at present. In fact, there are a lot of banks today which offer very low rates to depositors. Ironically, most of these are the big banks. Some of them are offering a very low 0.10% to 0.25% APY. Chase Bank is at the bottom of the desirables with a measly 0.01% APY given to its savings account depositors as well as its money market accounts. Hopefully, no other banks will match, or worse, beat the rate offered by Chase.

For additional information, the Bank of Internet USA operates online and is based in San Diego, USA. The 2.50% APY is earned on the Advantage savings account. Your money with them is FDIC insured. Aside from the high APY, the bank also offers to depositors a no minimum balance, no maintenance fee requirement. Moreover, the interest rate of your account compounds daily. As an additional perk, you may have a free ATM card if you make 3 payments of bills to a 3rd party or to yourself in a period of one month.

On the other hand, Tennessee Commerce only has one branch based on Franklin, Tennessee. However, it can accept out of state deposits and even allows the opening of accounts online. It however requires a minimum deposit of $2,500. We include Tennessee Commerce in our best of the best with no negative comments given about it.

Lastly, Goldwater Bank has also just one branch located in Scottsdale, Arizona.

Popularity: 6% [?]

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