First Trade Union Bank is offering a High & Mighty online savings account with a 3.25% APY on balances over $2,500 (.5% for below $2,500). There’s a $2.50 service charge if your balance falls below $250. They also offer several competitive CDs including 3.5% APY for 3 years, 3% APY for 18 months, and 2.85% APY for 13 months. The minimum deposit for the certificates of deposit is only $500. They don’t have anything special in the way of a checking account.
The maximum opening deposit is $99,999.99 and you can fund it by ACH transfer. There also may be a hard credit pulled involved in the application and they don’t allow you to apply to all of their CDs online. First Trade Union Bank is based in Boston with branches in Massachusetts, New York and Rhode Island.
First Trade Union has a 4 star rating out of 5 from bankrate.com and is a FDIC insured bank.
this is a lousy bank. with all the documentation including soc. sec. and driver’s license it is hard to open an account. the staff is incompetent and some barely speak english.
with the same documentation i opened on the same day savings account with tncommerce bank, discover bank, ever bank.