Darby Bank & Trust based in Vidalia, Georgia has its online banking counterpart called Darby Direct. Darby Direct is clearly one of the most popular choices when it comes to savings account for the simple reason that it pays more than twice the national average annual percentage yield (APY) on savings account. Translated, it gives an APY of 3.00% and is available nationwide. Additionally, requirements are few and the application online is quite easy.

With Darby Direct, you can open an account with as low as $1 to as high as $10,000. Can you imagine anything more flexible? Afterwhich, the account will be processed, which takes about 2 to 3 days only, and then you are free to add more money into your savings account regardless of the amount.

It just left us wondering how long this great rate will last as we were quite dismayed with Heartland Community Bank which when we commended intensely in our article for their high yield on the checking account of 5.06% dropped it the very next day after our report to 4.02%. Admittedly, the drop is still a very high APY but many failed to enjoy the initial offer.

3.00% APY on Savings Account Being Offered by Darby Direct

It bears remembering however that though Darby Direct has been offering its depositors 3.0% annual percentage yield since November, the variable rates on the savings account may change anytime without any notice. An though Darby Direct will drop their offer by a quarter point, there is still one of the best and more desirable than many other interest rates given by hundreds of other banks. You will in fact be earning more from them than any other money market account or savings account or even the 24-month CD which is supposed to be one of the best-paying in the market.

Darby Bank & Trust Direct earns 2 of 5 stars from the rating system of Bankrate Safe and Sound. Your deposit in their bank is FDIC insured. Darby Direct not only offers a high APY but also the convenience of online banking. Opening an online account with them will only take minutes. Its mother company, Darby Bank, has been in business for over eighty years already. It has US$750 million in assets and serves a huge number of depositors in Savannah, Vidalia and the other communities that surround it via a network of seven-banking centers.

Darby Direct’s 3% APY offering is for a minimum of $1 deposit. It has no minimums or monthly fees like other popular banks, e.g., HSBC and ING. With this bank, you can have a peace of mind that your money is safe and earning well. With about 23 banks failing in the year 2009 alone, it is always ensuring to know that you can trust the bank you are dealing with. With Darby Direct, you can get that assurance.

To better appreciate Darby Direct and for other options, you may browse our extensive database that consists of hundreds of other banks, both regular ones and online banks. The choice is yours.

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