Horizon Bank Offers $150 Checking Account Bonus

Horizon Bank is currently offering a free $150 for customers who open a checking account with them. In order to get the bonus, consumers must complete the following tasks: open a new checking account, make a direct deposit, and complete 10 debit card purchases.

Horizon Bank has four checking accounts to choose from. They have Free Checking, Student Checking, 55+ Checking, and Prime Checking. Each account has slightly different features depending on what the consumer needs. They also have an account called Fresh Start Checking however, this type of checking account is not included in the promotion.

For all the accounts, no minimum balance is required. Plus, each account also has $0 monthly fees with the exception of Premium Checking which imposes an $8 fee if the balance falls below $2,500. The only advantage with the Prime Checking is that it offers interest to the account balance.

The best offer would probably be Free Checking unless you are above 55 years of age, then the 55+ Checking would be the most agreeable choice because of interest.

About Horizon Bank

Horizon Bank first started in 1873 and has stood the test of time. It survived the Great Depression up until the current recession, and is still maintaining its service until today. The bank belongs to the Money Pass ATM network that gives its consumers access to over 1000 surcharge free ATMs. The bank is also insured by the FDIC, having been a member since 1934. This gives consumers a guarantee for money up to $250,000 per account.

In order to open an account, a bank visit must be made in their branches at Indiana and Southwest Michigan. Indiana Branches can be found in the cities of Elkhart, Michigan City, South Bend and Valparaiso. Michigan branches are in Saint Joseph and Buffalo. The promotion first had a deadline of October 31, 2011, however the deadline of opening a new checking account has been extended up to November 19, 2011.

BRINKS Financial Group Gives Lowest Mortgage Rate at 4.5%

30 year fixed rate mortgages from banks and financial institutions are already considered low when they’re at a 4.7 – 4.9% rate. However, BRINKS Financial Group can give you a mortgage rate for as low as 4.5%.

BRINKS Financial is a division of GoldStar Financial Group and is located in Ann Arbor, Michigan. The company has been serving Ann Arbor for 15 years, and holds the lowest mortgage rates in the Ann Arbor area. BRINKS Financial Group also specializes in helping Michigan residents and Michigan first time home buyers. BRINKS financial group is experienced in helping home buyers take advantage of the $8000 tax credit, giving home buyers big savings on their first home purchase.

Aside from providing friendly Ann Arbor Mortgages, BRINKS Financial also specializes in Novi mortgages, West Bloomfield mortgages, Rochester mortgages, and Grosse Pointe Mortgages. For those living in these areas, or who would like to relocate, BRINKS Financial Group provides an easy to navigate website where you can input your details to get to a mortgage rate that suits your profile. They have a section in their website called the Purchase Assistant, which is an online guide and fill up form where you can input your details based on the questions and choices that they post.

The 4.5% 30 year fixed rate is based on a $200,000 loan with a 20% down payment computation. Mortgage rates will vary on the amount of loan you are planning to take, the amount of down payment you can afford, and the number of years you plan to finish payments. Whatever your situation is regarding the home loan you plan to take, BRINKS Financial Group can give you the lowest rates in the area.

Aside from loans for purchasing a home, BRINKS Financial also offers loans for refinancing, and loans for consolidating debt. If you need mortgage help, their staff and experts are also available to give customer service and to answer questions when needed. Other institutions that also give low rates are Mortgages by Golden Rule, also at 4.5%, and Ameriplus Mortgage Corp. at 4.625%.

Ally Bank Best CD Rates

Ally Bank has many options for the average investor. They offer some of the most competitive CD rates on the market today. Ally Bank offers certificate of deposits from 3 months to as long as 60 month (5 Years). Ally Bank also offers a ‘Raise Your Rate CD’ and they also have a ‘No Penalty CD’, meaning that you can close the CD without paying part of your interest back. One of the issues with longer term CDs is that if you want to close the CD early, you will have to pay an ‘Early Withdrawal Penalty’ for taking your money out. Here is a list of the most common CD Early Withdrawal Penalties:

  • 30 days = All Interest
  • 2-18 Month CDs = 3 Months Interest
  • 2 Years+ CDs = 6 Months Interest

Some banks have stricter penalties, so be sure to read the fine print!

Ally Bank’s No Penalty CD is only available in the 11 Month term, with a current rate of 1.35 percent. This is a pretty good rate since you can take your money out at any time after the first 6 days without paying a penalty. This 11 Month CD currently beats many 12 Month CDs from major banks, Credit Unions are the exception.

Ally Bank’s Raise Your Rate CD is only available for the 2 Year term, with a rate of 1.92%. With this CD, you have the option of raising your rate once within the 2 year term. If rates go higher than 1.92% you can bump your interest rate up to the higher level.

Here is a list of all of Ally Bank’s CD Rates:

CD Rates are constantly changing, so to find the most up to date rates, visit Ally.com

High Yield Checking Account At 4.0% APY

Michigan Interest Checking AccountLake Michigan Federal Credit Union is offering a fairly nice high yield checking account. They are located in Michigan but have opened their doors to customers nationwide, so if you live outside of Michigan you can open this high yield checking account. The account is called “Max Checking Account” and provides an interest rate of 4.0% APY on deposits up to $15,000.

Details of the account:

  • Free! No fees or minimum account balance requirements
  • 4% APY on balances up to $15,000.
  • A max of $15/month in surcharge ATM withdrawal fee refunds.
  • Free MasterCard debit card.
  • Unlimited check writing
  • Free online banking
  • Free phone banking
  • Direct Deposit with Free automatic transfers
  • Free online bill pay with Direct Deposit (usual cost of $5.95/month)
  • 24-hour access to your funds

There are four monthly usage requirements with this account:

  • Direct deposit into your LMCU account
  • Minimum of 10 debit card purchases
  • Minimum of 4 logins to home banking
  • Sign up to receive eStatements/eNotices

You can learn more about the high yield checking accounts (sometimes referred to rewards checking accounts), visit our interest checking account page to learn more about these rates.