Archive for May, 2010

Competitive Broadway Federal Bank CD Rates

Broadway Federal Bank just announced they will be offering some competitive long term CD rates. They are only running this special online for a 2 year CD with a 2.53% APY. The account must be funded using ACH transfer or by check. Broadway Federal Bank is also offering additional rates that are not available online, but through their local branches. If you live near a Broadway Federal Bank you can go and apply for one of these high interested CD rates.

  • 6 year CD rate at 3.56% APY
  • 5 year CD rate at 3.05% APY
  • 3 or 4 year CD rate at 2.79% APY

The minimum deposit for these accounts is $1,000.

Once you submit your application you will need to send in a copy of your driver’s license, which will also lock in the rate.

Broadway Federal Bank has branches in Inglewood and Los Angeles, California

As of May 2010 Broadway Federal Bank has a 2 out of 5 soundness rating from bankrate and is FDIC insured. Be sure to always check the soundness rating of any bank before you deposit your funds and be sure that it is FDIC insured.

Reward Checking From East Carolina Bank

If you live near an East Carolina Bank, they are offering a checking rewards account that is paying 4.01% APY on any balance up to $25,000 and 1.01% APY on balances over $25,000. I believe you have to be a resident of North Carolina, where you will find these banks. If for some reason you do not meet the requirements for this rewards account the interest rate falls to 0.05% APY. The rewards checking account also comes with $20 in refundable ATM fees per statement cycle.

Here is what you need to do to qualify for the reward interest rate on a monthly basis:

  • Make 10 debit card purchases
  • 1 direct deposit or bill pay
  • Receive e-statements

Many banks who offer these high reward accounts usually require you to actually use their bank for most of your transactions. This keeps people from just opening accounts, placing funds in the account and leaving it alone while you earn the higher interest rates. This will also help the bank generate funds.

The minimum deposit required for this account is $100.

The East Carolina Bank has a savings account that is offering 1.5% APY on any balance up to $50,000. The portion of your account balance over $50,000 will be paid 1.01% APY. The savings account has a minimum $200 balance to avoid the $2 monthly service charge.

To find a branch near you, visit the East Carolina Bank site. These banks are located in Washington, Leland, Morehead City, New Bern, Currituck, Hatteras, Engelhard, Williamston, Wilmington, Hertford, Greenville and Columbia, North Carolina.

East Carolina Bank has a 2 of 5 star soundness rating from Bankrate and is FDIC insured

SunTrust Bank Offers High CD Rate

SunTrust Bank is offering a unique bundled CD to customers nationwide. To qualify for the 3% APY on both CDs you have to open a 26 month and 49 month CD and have the same amount of money in each account. The minimum deposit is $2,000 on each account.

You must also have a checking account through SunTrust bank, or open a new checking account. Its easy to open an account over the phone and then transfer funds through ACH transfer. There is an early withdrawal penalty on both accounts, 8 months interest on the 26 month CD and 12 months interest on the 49 month CD.

SunTrust Bank is rated 2 of 5 stars from Bankrate and is FDIC insured.

SunTrust Bank has many other CD options, visit their website here for more information and updated cd rates.

Tennessee Commerce Bank Offers High CD Rate

The Tennessee Commerce Bank is offering a 2 year CD rate of 2.10% APY and a 3 year CD rate of 2.50% APY. The minimum deposit of both accounts is only $2,500. Both of these high interest CD rates come with an early withdrawal penalty of 6 months’ interest and are available nationwide.

It is easy to fund a new account with Tennessee Commerce Bank, either through ACH transfer, wire or check. Applications can be submitted through their website, by mail or even fax. Two forms of ID will be needed to open one of the CDs. Sending money via a wire transfer is free, but an outgoing wire will cost $25.

To close your CD at maturity you will need to submit the request in writing, otherwise the CD will be renewed for another term.

Tennessee Commerce Bank has a 2 of 5 star soundness rating through Bankrate and is FDIC insured.

Be sure to visit their website here for more updated CD rate offers.

Keybank Free iPod Touch Bank Promotion

Keybank From now until June 30th you can get a free iPod Touch with KeyBank.

You must be a new customer and open a new account in order to qualify.  Once the account is opened you must.

  • Make one KeyBank Rewards debit card transaction.
  • Make two direct deposits and/or automated payments each of $100 or more by 10/01/10
  • This promotion is only available in states that KeyBank is located: Alaska, Colorado, Connecticut, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont, and Washington.

Once these requirements are made you will get your Free iPod Touch within 90 days.

What kind of iPod?

The ipod you will receive will be a…

  • 8 gig
  • 4th gen
  • iPod Touch
  • Valued at $199

Click here (link removed due to promotion expiration) to get more information from KeyBank and to see the fine print.

Check out all our checking account bonuses here.