Archive for March, 2010
Best Savings Account Rate Holds At 2.00%
Southern Community Bank and Trust leads our rankings of the best nationally available savings accounts for the second straight month.
The bank, which has 20 branches in North Carolina, continues to pay 2.00% APY, with no minimum balance, through its Readysaver.com Web site.
That’s considerably better than the 0.15% APY Southern Community is offering on savings accounts through its own site or branches.
Returns on the next four, top-paying savings accounts range from 1.70% APY to 1.50% APY, with minimum initial deposits as low as $1 and as high as $25,000.
Good CD Rates And Gifts From iGObanking
Flushing Savings Bank in New York has caught our eye with oldest gimmick in the book — free gifts for opening an account.
To qualify, you must buy a certificate of deposit from its iGObanking online bank, through a special GiftsforBanking.com Web site.
The best choices are 24-month CD at 1.90% APY or a 60-month CD at 3.15% APY, which are close enough to the best nationally available rates to be worth considering.
The array of gifts (including this nifty grill) is the best we’ve seen since Irwin National Bank gave away HDTVs last summer.
