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
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
