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Top rates for Savings and Money Market accounts
Posted 13 September 2004 - 04:06 AM
Posted 03 October 2004 - 10:06 AM
Posted 06 November 2004 - 02:36 AM
Posted 24 December 2004 - 10:59 AM
BMW MoneyMarket Rates
Tier** Interest Rate* APY*
$100 - $2,499 2.13% 2.15%
$2,500 - $49,999 2.18% 2.20%
> $49,999 2.23% 2.25%
*Interest Rate and Annual Percentage Yield (APY) effective as of December 21, 2004. Early withdrawal penalties may apply. Fees may reduce earnings. Rates are subject to change without notice.
The minimum balance to obtain APY is $1000.
A BMW MoneyMarket account from BMW Bank of North America offers competitive "money market rates for an initial investment of $100 or more. As your balance increases so does your interest rate.
$100 minimum opening deposit
Tiered interest rates - as your balance increases so does your interest rate
Write up to 3 checks per month, first order of checks free
ATM Access card, unlimited withdrawals
$9.00 monthly service fee is waived if balance on account is greater than $2,500 or if combined balances for all BMW Deposit Accounts are equal or greater than $7,500
Combined statement including Checking, Savings, and Overdraft Protection
FDIC Insurance for each depositor up to $100,000
Up to four ATM surcharge rebates per month (up to $1.50 per transaction).
On-line account access with free bill payment (up to 3 per month, counted toward 6 withdrawals)
Posted 24 December 2004 - 06:09 PM
Daily Balance APY*
$50,000 and over 2.25%
*APY = Annual Percentage Yield
Tiered Interest Rate - Save More and Earn More!
Money Market mutual fund rates that keep pace with changing interest rate conditions
FDIC Insured up to $100,000
Unlimited Deposit Privileges
FREE Automatic Transfer from your UmbrellaBank Checking account, or any financial institution.
Convenient Check Writing access to your account4
First Order of Checks FREE
- ATM Card issued with every account1
- Use ATMs located throughout the world
Interest Posting-Interest will be credited on the 10th of each month.*
Online Statements - Check your balance or review your account activity 24 hours a day (up to 12 months of history)2
Download Account History into Quicken® or Microsoft® Money
Interest Compounded Daily and Credited Monthly
Monthly Service Fee Waived with Minimum Balance of $1,0003
Limited to 6 Non-ATM Transactions Per Month
1 An ATM card will be issued upon approval of all accounts. A $1.00 fee will be assessed for each ATM Card transaction.
2 Account statements (including up to 12 months of account activity) are available 24 hours a day online via the Internet. Telephone Banking is also available 24 hours a day. Customers can request hard copy, paper statements, for a fee of $5.00 per month, by contacting us. Online Check Images are available for a revolving 60 days. We recommend that you review online check images at least monthly and print (make a copy of) those checks you feel are critical (such as tax payments). Checks are held in safekeeping by us and are not returned to you.
3 A monthly service fee of $10.00 will be imposed each monthly statement cycle in which the daily balance falls below $1,000. There is no monthly service fee if the balance in the account is equal to or greater than $1,000 throughout the monthly statement cycle.
4 Transfers from a Money Market account to another UmbrellaBank account, or to a third party financial institution, by preauthorized, automatic, telephone or computer transfer are limited to six per monthly statement cycle, with no more than three by check, draft, or similar order to a third party. If the account exceeds six transfers in a monthly statement cycle, a fee of $10.00 will be imposed per transfer.
Notes: Fees may reduce earnings. APY is accurate as of Friday, December 24, 2004. The interest rate and APY may change after the account is opened. UmbrellaBank reserves the right to change the interest rate and APY at any time. Rates and terms are subject to change without notice. Interest begins to accrue no later than the business day UmbrellaBank receives your deposit for non-cash items (for example, checks). Interest is not considered earned until posted. Closing an account prior to posting will result in the loss of accrued interest.
Posted 06 January 2005 - 02:29 AM
Info from its website:
A Division of Emigrant Savings Bank.
America's Highest Rate*. No Fees. No Minimums.
With an American Dream Savings Account™, you will earn a variable 3.0% Annual Percentage Yield on your savings. We offer you flexibility, freedom, and security that is unsurpassed in personal banking today. Plus, with an American Dream Savings Account™ you will have peace of mind, since your account is FDIC insured and always secure.
There is never a minimum balance requirement with an American Dream Savings Account™. No matter what your account balance, your account will always earn our high interest rate (currently 3.0% APY). Plus, with America’s Highest Rate* you get more money for your money.
No hidden costs. No fees. No penalties. No service charges.
The American Dream Savings Account™ has no fees or service charges, and that’s the truth! You earn high interest on every single cent you deposit without having to worry about giving it back in fees.
24/7 access to your account, and no need to change banks.
An American Dream Savings Account™ gives you the freedom to access your account whenever you need it. When you open your account, Emigrant Direct™ automatically links up with your designated checking account allowing you the flexibility to make deposits or withdraw funds by transferring money online.
Activate your American Dream Savings Account™ today
and start earning interest that will really add up. While the APY may change at any time due to market conditions, you are assured to earn high interest with an American Dream Savings Account™.
To apply online, simply click on the "Open Now" button on this web site and follow the easy instructions.
Safe and Secure - FDIC Insured
Your deposits at Emigrant Direct™ are FDIC insured up to $100,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts with us, your total deposits can be insured up to $200,000; that's up to $100,000 in all of your individual accounts, and up to an additional $100,000 in all of your joint accounts. You can learn more about the FDIC at their website, www.fdic.gov.
Emigrant Savings Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920’s it had grown to become the largest savings bank in the nation.
Today, Emigrant has $10 billion in assets and more than $1 billion in net worth. It operates as a full service bank through 36 branches in the New York metropolitan area, and through EmigrantDirect.com on the internet.
As a traditional savings bank, Emigrant originates home loans in New York and 19 other states. Last year, Emigrant provided 5,000 home loans totaling $1.62 billion. As of year-end 2004, Emigrant has 250,000 depositors and 22,000 home loans. In addition to its own substantial loan portfolio, Emigrant has a loan-servicing portfolio of more than $7 billion for third parties.
Emigrant’s wealth management division, New York Private Bank & Trust, has its own deposit products starting at $500,000. Emigrant Savings Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit.
* Highest Nationally Advertised Annual Percentage Yield for unrestricted day of deposit to day of withdrawal savings accounts.