2.51% APY Savings Account Offering of Beverly National

2.51% APY Savings Account Offering of Beverly National

Clearly, Beverly National’s offering of 2.51% annual percentage yield (APY) is something that will out-earn other offers particularly the certificates of deposit. This rate is given on the savings account with a $5,000 minimum balance. This rate is currently one of the best in the market for savings account. In fact, it is already nearly twice the national average rate for 12-month CDs and money market accounts. It is offered to depositors all over the nations, in al the 50 states.

The only two major problems with their savings account offer is that their interest rates may change anytime and they will deduct a fee of $15 which they call their “minimum balance fee” if the account you have with the falls below US$5,000.
At present, Beverly National has 9 branches in the areas of Beverly, Massachusetts. It is given by Bankrate’s Safe & Sound a rating of 3 of 5 stars. This is a much better performance than other banks with better offered rates.

Recent developments with Beverly National unfolded which seem to give promising possibilities to its customers and prospective depositors. Danvers Bancorp, Inc. and Beverly National Corporation have just entered into an agreement for a definitive merger. In other words, Danvers is acquiring Beverly National. With Danvers 16 branches in Massachusetts and US$1.7 billion assets combined with Beverly’s 9 branches and US$485 million in assets, the depositors are set to become a family of a much bigger and richer institution. This may give them better opportunities in the future and makes the safety of their money more secured. With this merger, Danvers, as merged with Beverly, will become the 6th biggest publicly traded bank in Massachusetts having a combined total of US$2.2 billion.

As an added information regarding Danvers Bancorp, Inc. below are some details:

• It is the holding company of Danversbank

• It was founded in 1850 as a mutual savings bank.

• It conducts its business in an office located at 1 Conant Street, Danvers, Massachusetts

• Its 16 branch offices are located in Beverly, Andover, Cambridge, Boston, Danvers, Chelsea, Middleton, Malden, Reading, Peabody, Saugus, Wilmington, Revere, Woburn, Salem, and Massachusetts. More information about Danvers can be found in its website.

As for Beverly National Corporation, below are some of the details about it:

• It is the holding company for Beverly National Bank.

• It is headquartered in Beverly, Massachusetts.

• Its branches are on the north shore, it main in Beverly along Cabot Street, 2 other Beverly based branches, in Hamilton, Salem, Manchester-by-the-Sea, Topsfield and Danvers.

• More information can be found in its website.

Should you not be satisfied with the offer of Beverly National, you can easily browse our database for other offers given by hundreds of other banks. You will fins a lot of them giving interest that are much lower than the 2.51% offered by Beverly National but your may also find a few with higher APY. The choice is yours. Just make sure to consider all factors before making that deposit.

Popularity: 54% [?]

3.00% APY on Savings Account Being Offered by Darby Direct

3.00% APY on Savings Account Being Offered by Darby Direct

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.

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.

Popularity: 100% [?]

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: 10% [?]