DollarSavingsDirect 4.00% APY Savings

Considering that the Federal Reserve has cut the target federal funds rate to below 0.25%, it is shocking to see that DollarSavingsDirect is still running a 4.00% APY online savings account.

I’m curious how they can afford to pay out such a high interest, and I’m also very wary of the fact that they have a 1 star Bankrate Safe & Sound® rating. But hey, this is a killer rate and it’s FDIC insured, so this could be a nice place to stash some cash.

E*TRADE 3.30% APY Savings + $25 Bonus

This is an oldie, but goodie. E*TRADE has brought back their $25 bonus on their online 3.30% APY savings account.

$25 will be credited to your Complete Savings Account within 30 days of the account being funded with a minimum deposit of $1.

This is fairly hot deal, don’t miss out!

World Savings 5.91% APY 13-Month Internet CD

World Savings Bank is on the roll! They have another killer CD bank deal that just came out, a 5.91% APY 13-month online certificate of deposit on its website. It is an Internet online banking account. The minimum deposit is $10K.

This is a REALLY HIGH rate from a very reputable bank. I have a 9-month 6.01% APY CD with WorldSavings already.

BankUnited 5.25% APY Internet Savings Account

BankUnited has a 5.25% APY Savings Account. $5,000 minimum needed to open, and balance must be above $300 to avoid monthly fees.

BankUnited has its headquarters located in Florida and it is one of the largest financial headquarters in the state. The South Florida Institute recently named the president of BankUnited, Mr. Ramiro Oritz, Leader of the Year, and BankUnited is the recipient of a number of awards. BankUnited FSB is the principal subsidiary, a complete service financial institution, and it currently manages 81 branches in the state of Florida. Currently BankUnited has physical branches located in Broward, Miami-Dade, Charlotte, Collier, Palm Beach, Hillsborough, Lee, Sarasota, Martin, and St. Lucie counties.

Since March of 2007 the full-service financial institution intends on opening another 10 to 12 branches this fiscal year: a good indication of positive growth and a strong community standing. The new BankUnited Branches are expected to be established in Boynton Beach, Cape Coral, Clearwater, Lake Worth, Miami-Bird Road, and Port St. Lucie, Sarasota and finally, in Vero Beach, Florida. BankUnited has nearly 14 billion dollars in assets and nearly 7 billion in deposits.

The BankUnited offers an array of financial services including fee based banking services, residential loans, commercial loans, certificates of deposit, business banking and Internet banking options. In addition to the latter mentioned services, BankUnited supplies consumers with an array of investment information and assistance. Through BankUnited, consumers can access information that will help them to invest their money wisely; BankUnited offers savings and loan options for college planning and preparation; estate planning advice, insurance planning and information, retirement planning and customers can even access basic investment information

OneUnited Bank 5.25% APY Money Market

OneUnited Bank has 5.25% APY on a UNITY Internet Savings Account. It looks like there is no minimum needed to get this rate. Check it out!

OneUnited Bank is the very first Internet Bank that is black owned and OneUnited proudly announces that it is the largest bank in the country that is black owned. The offices of OneUnited are situated in Boston, Los Angeles and Miami and it is the recipient of the United States Department of Treasury’s Bank Enterprise Award. OneUnited made its Internet début in February 2006 in an effort to reach a wider audience and to establish a broader customer base.

In a three year time span OneUnited Bank has financed more than 350 million dollars in loans; helping church organizations, retail businesses, as well as individuals looking to get affordable housing. OneUnited Bank’s operations primarily involve mortgage loans and the bank aims to assist low income and moderate income communities. OneUnited also offers personal banking and business banking services that are accessible online.

The bank had its early beginnings nearly 50 years ago and started with the Unity Bank & Trust in Massachusetts. OneUnited is a product of the merging of black-owned banks across the nation: Boston Bank of Commerce, Family Savings Bank in Los Angeles, Founders National Bank of Commerce in Los Angeles, and Peoples National Bank of Commerce in Miami united to create what is known today as OneUnited Bank. Plans for continue expansion are on the horizon for OneUnited; the acquisition of other financial service institutions with a similar mission and the establishment of new branches, and automated teller machines are in the future for OneUnited

UFB Direct 5.71% APY 12-Month+ Internet CD

UFB Direct is offering 5.71% APY on their Internet CD accounts that are longer than 12-months. You can go as high as 60-Months and still get a guaranteed 5.71% APY. This is a great way to lock in interest rates for the future.

UFB Direct offers secure online banking options: accounts are accessed via a 128-bit SSL encryption, and digital ID’s via Verisign, and automatic log off of accounts that display inactivity for more than ten minutes time. UFB Direct offers services to customers that do not require physical bank branches, bank tellers, maintenance, and other overhead typically associated with branch locations. The ease of which one can access any an all of their accounts is accompanied by monetary savings: vital savings that are handed down to the consumer via higher interest rates on savings accounts, lower banking fees, and a number of attractive benefits

5.23% APY Zions Deseret Money Market Account

Zions Bank Deseret MMA pays 5.07% APY on balances below $1000 and 5.23% APY on balances over $50,000.

Zions Bank has its headquarters in Salt Lake City, Utah and is a subsidiary of ZionsBank Corporation. Headed up by A. Scott Anderson, the President and Chief Executive Officer and Harris H. Simmons, the Chairman of the Board, Zions Bank is a subsidiary of a corporation that currently has over 450 banking offices located in ten different states, all of them offering full banking services. The physical branches of the Corporation are situated in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, Texas and Washington. Zions Bank offers commercial and residential loans, insurance options, international banking services, Internet banking options, transfer services, and checking account and savings account options.

Zion’s Savings Bank is Utah’s first chartered savings bank, established in 1873. Zion Bank made it through the depression in the late 20s and as emerged as one of the top financial institutions in the nation. In 1957, the merging of Zion’s Savings Bank and Trust Company, Utah Savings and Trust, and First National Bank of Salt Lake City resulted in what is now known as Zions First National Bank. Later, in 1960 the Church of Jesus Christ of Latter-day Saints sold the majority of its interest in Zions to the Keystone Insurance and Investment Company. In 1965, after being incorporated in Nevada, the name of the corporation was then adapted and changed to Bancorporation.

As of 2006, Bancorporation had more than 47 billion dollars in assets and, in addition to the Zions Bank, held other subsidiaries that include the Amegy Bank of Texas, the
California Bank & Trust, the National Bank of Arizona, the Nevada State Bank, The Commerce Bank of Oregon, The Commerce Bank of Washington and Vectra Bank in Colorado

ING Direct 4.35% APY Online Money Market

ING Direct is one of the pioneers in high-interest Internet banking. Their rates aren’t as competitive as before, offering only 4.35% APY on�their Orange�Savings Account�while others are offering 5.00%+.

Nevertheless, they have one of the best online bankng websites that is very easy to use. I have had an account with ING Direct for years now.

The Federal Deposit Insurance Corporation insures ING Direct’s deposits. Currently headed up by Arkadi Kuhlmann, ING Direct’s President and CEO, the bank has more than 4 1/2 million customers in the United States and more than 15 million customers globally - customers from Australia, Austria, Canada, France, Germany, Italy and the United Kingdom rely on the services offered by ING Direct.

ING Direct offers personal savings account options, personal checking account options and certificates of deposit. Also, business savings accounts and certificate deposits are available through ING Direct. Meanwhile, investors can open a Roth account or an IRA, open an investment account, and loans are available. Accounts can be opened online and some accounts can be started via the mail