Beach Business Bank is offering 2.5% APY savings accounts starting July 1, 2009. The current rate is actually at 2.75% APY, but is set to drop on July 1st. The minimum deposit is a little steep at $10,000 and if your balance drops below that the rate is just 1%. There are no monthly service…
Broadway Federal Bank is offering a 2.53% APY 1 year online CD with a minimum deposit of $1,000. There’s an online application and you can fund the CD by check or ACH transfer. The rate is locked when you submit your application, and you’ll need to send in proof of ID after you fill out…
United Federal Credit Union is offering a 6.01% APY interest online checking account on balances up to $25,000. This rate is also guaranteed until the end of 2009 which is a pretty nice bonus. There’s a catch though, in order to qualify you must enroll in eStatements, get one direct deposit, and make 10 debit…
Texas billionaire Allen Stanford has been indicted for his involvement in a massive $8 billion ponzi scheme. Stanford, chairman of Stanford Financial, surrendered to FBI agents in Virginia and appears in court today on charges of fraud. Stanford was named the 205th richest man in the US in 2008 by Forbes magazine. Stanford Financial has…
Ally Bank cut their rates again although not by so much. Their savings account went from 2.05% to 2% APY, their 1 year CD went from 2.30% to 1.85% APY and their 9 month no penalty certificate of deposit rate went from 2.3% to 2.15% APY. Ally Bank was recently getting pressure from the ABA…
Irwin Union Bank is offering either a Sharp 22-inch HD LCD TV or a Flip MinoHD Mini-Camcorder when you open an 11 month CD with a minimum deposit of $20,000. This amazing offer is available nationally, but you can also get the bonus by opening a business checking account or money market account; however, you…
AIG Bank is offering competitive rates on their money market account with 1.76% APY for balances from $2,500 to $10,000, 1.96% from $10,000 to $50,000, 2.01% from $50,000 to $100,000, 2.06% from $100,000 to $250,000, and 2.11% for balances above $250,000. Accounts at AIG are nationally available. One thing to note is that you’ll need…
A group of scammers has been cold calling consumers posing as Hope Financial, a legitimate loan modification company that helps negotiate debt with credit card companies and banks. Apparently the scammers ask for consumers credit card information in order to charge them for “debt modification”. Hope Financial has been featured on the CBS Evening News…
Earlier this month American Express launched stand-alone savings products and their savings account is now offering a competitive 2% APY. Their also offering competitive rates on their long-term CDs including a 2.5% APY 2 year CD, a 3% APY 3 year certificate of deposit and a 3.40% APY 5 year CD. These accounts are available…
Chase Bank is offering a free $100 bonus for opening select business checking accounts with at least $500. In order to qualify for the promotion you’ll need to print out a coupon and bring it into a local branch. This offer is good until July 24th, 2009 and your bonus gets deposited into your account…