Darby Direct is offering a 3% APY online savings account with a $1 minimum deposit. Much like the ING and HSBC online accounts, Darby has no monthly fees or minimums.
Darby Direct is the internet bank division of Darby Bank & Trust Co. Darby bank has a 2 out of 5 star soundness rating at bankrate.com and is insured by the FDIC. As always you should stay under the $250,000 FDIC limit. With 23 banks that have failed so far in 2009, you don’t want to take any chances.
Category: Savings Rates