Bank Champ » Savings Account

American Express Launches Online Savings Accounts

Bank Champ — Thu, 18 Jun 2009 20:21:31 +0000

American Express has launched an online savings and certificate of deposit product that, while competitive, isn’t the best in the market. It’s part of their new Personal Savings From American Express product and the yields aren’t too shabby. They are offering a high yield savings account at 2.00% APY and a 24-month certificate of deposit for 2.40% APY. The 12-month is only 1.75% APY.

The bank is, as you would expect, FDIC insured and neither have a minimum balance requirement.

Darby Direct High Yield Savings Account

Bank Champ — Mon, 13 Apr 2009 14:10:16 +0000

Darby Direct is the online bank of Darby Bank, headquartered in Georgia. Darby Bank is member FDIC (Certificate 14580) though they don’t make reference to Darby Direct. If you’re concerned, give them a call and see if Darby Direct is their online operation.

Darby Direct is offering 3.00% APY as of 4/10/2009, a yield that is almost 50% greater than some other more well-known online banks, and this is nationally available.

Open A High Yield Savings Account With $1

Bank Champ — Mon, 06 Apr 2009 10:32:30 +0000

Do you know what the interest rate is on your savings account? Is it more than 1.65% APY? If not and if you have more than a single dollar, you can open a high yield savings account at HSBC Direct and earn 1.65% APY. The days of a bank requiring you to have $1,000 or even $500 to open an account and avoid fees are over.

There are a ton of high yield savings accounts that offer great yields, no fees, and only require a single dollar to open an account. They also offer certificates of deposit, CDs, with similarly low minimum account balance requirements and you should take advantage. I know the interest rates aren’t exceptional right now, with the Fed trying to keep rates as low as possible, but getting 1% is infinitely better than 0%.

What’s stopping you from opening an account? Hopefully nothing!

Capital One Direct Banking $50 Promotion

Bank Champ — Thu, 26 Mar 2009 15:16:51 +0000

Capital One Direct Banking has been on an all-out promotional blitz lately, you can’t go to a single financial website without seeing their offer of a 2.01% APY savings account if you can deposit five figures. For those who aren’t in love with that offer, Capital One has decided to sweeten the pot by throwing in a $50 promotional bonus if you open the account by April 15th and depsosit at least $10,000. The promotional code is OFFER50 and you can open the account by visiting this link.

The account can be a savings account, money market account, or certificate of deposit but you have to open it by 4/15 and have $10,000 on deposit by 5/8. New accountsholders only and the bonus will be deposited 4-6 weeks after 5/29.