Earn 2.5% with This Savings Account

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.

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.