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BankUnited, FSB


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#1 markber

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Posted 09 October 2005 - 03:53 AM

Website of BankUnited, FSB
FDIC Certificate # 32247
Address: 255 Alhambra Circle, Coral Gables, Florida, 33134

#2 vivyip

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Posted 22 May 2006 - 03:07 PM

This Bank came out with an Online Savings account with 1.75% APY.(as of 3/10/09)

This requires 5k to open and supposedly $300 to avoid fees.

If anyone can figure out the disclosure, please clarify. Thank you.

http://www.bankunite...neytreesavings/

#3 jrr7

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Posted 07 June 2006 - 10:11 PM

QUOTE(vivyip @ May 22 2006, 10:07 AM)
This Bank came out with an Online Savings account with 5.00% APY.

This requires 5k to open and supposedly $300 to avoid fees.

If anyone can figure out the disclosure, please clarify.  Thank you.

http://www.bankunite...&promo=SPUSSV63
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Based on my interpretation of the disclosure, it seems to be the case that this account always earns 5% and always charges a $5 monthly fee. In other words the monthly fee cannot be avoided.

This results in an APY after fees of:
  • $1000 : (1.12%)
  • $5000 : 3.74%
  • $10000 : 4.36%
  • $25000 : 4.74%
  • $50000 : 4.86%
  • $100000 : 4.93%
In other words, not an amazing account unless you've got serious money.





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