EBSB Direct is offering a guaranteed rate of 2.81% APY on balances over $50,000 that’s locked in until September 30th, 2009. Accounts from $5,000 to $50,000 will get 2% APY. The minimum balance is $5,000 and the maximum is $1,000,000 although you should always stay under the $250,000 FDIC insured limit for any one account. You also need to maintain at least $5,000 in order to avoid the $15monthly service fee.
There’s no hard credit pull when opening accounts and you’re limited to 6 withdrawals per month. They don’t offer checks for your account and there’s a high limit of $150,000 for transfers. This offer is available nationwide and you can fund your account with ACH transfers.
EBSB Direct is the new online division of East Boston Savings Bank which has a strong 4 out of 5 star rating from bankrate and is FDIC insured.