Danvers Bank is offering a 3% APY internet high yield savings account with only a $1 minimum deposit. They also have a 3.3% APY 4 month CD with a minimum deposit of $500. These accounts are available nationwide. You can apply for both accounts online but there is a $25,000 initial limit on ACH transfers….
Redneck Bank is offering an online savings account with an APY of 3.1%. It’s called their mega money market account and there’s no monthly fees or minimum balances. The minimum deposit is only $1 and there’s no limit on your balance. According to their site, there’s a $1,500 limit on bank to bank transfers but…
Doral Bank Direct is offering a promotional high yield savings account that gets 3.5% APY guaranteed for the first 3 months. To qualify you must maintain a minimum daily balance of $1,000. If you’d like to lock in this rate for a longer period Doral Bank is also offering an 11 month CD with 3.5%…
ShoreBank is offering a 3.5% APY rate on their savings accounts. There is only a $1 minimum deposit and there are no service fees involved. ShoreBank is based out of Chicago but anyone can open an account easily online. Bankrate has given ShoreBank a two star rating which is an average rating for banks.
With the Fed dropping the funds rate to nearly 0%, it’s time for a recap for who’s on top with the best interest rates for savings and CDs for FDIC insured funds. Best Savings Account DollarSavingsDirect is the winner of the best savings account with an amazing 4.00% APY. Best 1 Year CD FNBO Direct…