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#19306 BankUnited, FSB

Posted by jrr7 on 07 June 2006 - 10:11 PM in Florida

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.


#18380 Top rates for Savings and Money Market accounts

Posted by jrr7 on 03 January 2006 - 04:29 PM in Bank Best Rates

QUOTE(jrr7 @ Dec 29 2005, 11:21 AM)
www.amboydirect.com

4.00% regular APY for $30,000-$250,000 balances

But they have a special on for a 5% rate for 3 months for balances $30,000-$100,000
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markber, can you put the 3 month promo rate of 5.00% into the list of promo rates?


#18368 Top rates for Savings and Money Market accounts

Posted by jrr7 on 29 December 2005 - 04:21 PM in Bank Best Rates

www.amboydirect.com

4.00% regular APY for $30,000-$250,000 balances

But they have a special on for a 5% rate for 3 months for balances $30,000-$100,000


#17994 Is better login security worth spent time?

Posted by jrr7 on 21 October 2005 - 05:20 PM in General

QUOTE(markber @ Oct 19 2005, 04:16 AM)
It looks like we all will have to spend more time logging into our bank accounts soon (see article below). I have been banking online since Compubank times and have never had a problem with unauthorized access to my accounts (and I have had a lot of them). May be I am the lucky one. However, I wonder how big the difference between Feds additional security measures (e.g. hardware token) and a meteorite insurance is. How big is a likelihood that a person, who actually applies brain efforts to distinguish phishing emails from real ones, pharming websites from real ones, will experience unauthorized access to his bank account during his lifetime?


Here's what I know:
  • Some people have no business being on the Internet, let alone doing banking online.
  • There are always going to be thieves out there who support themselves through fraud. (It would cost society too much to hunt them down, and plus, new thieves are minted every day.)
  • If one particular method of fraud becomes difficult for thieves, they just move on to another one.
  • Most thieves are lazy enough that they don't steal excessive amounts of money. The others go into politics or become CEOs.
  • People who have their money stolen online will be less likely to bank online in the future.
  • There are virus writers out there who will sell control over virus-infected PCs to anyone for the right price.
Here's what I conclude:
  • Universally implementing two-factor will initially reduce the amount of fraud related to phishing.
  • Some people who would have had their money stolen and would have stopped banking online will continue to bank online.
  • The lazy thieves will initially move on to more lucrative pursuits.
  • The smarter thieves will start buying access to compromised computers and move on to more advanced tricks that are more difficult to detect, and which two-factor does nothing to stop. (man-in-the-middle, dns poisoning, arp poisoning, routing table poisoning)
  • As a result, ordinary, non-stupid people will be more likely to have their bank accounts compromised, and it will be harder to trace the criminals.


#17897 0% APR for life from Discover card

Posted by jrr7 on 12 October 2005 - 08:25 PM in Balance transfer & low rate deals

QUOTE(markber @ Oct 10 2005, 04:09 PM)

Great observation! I guess the trick is to figure out how to make (1) two very small purchases every month and (2) how to do them automatically.

Does anybody have an idea?
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The best way would be to pay a recurring bill like 'net access fees, Netflix membership, or the like. It would be better to carry around the card to buy sticks of gum, single postage stamps, etc. but that's just asking for trouble since you won't remember whether you've made 0, 1, or 2 purchases this month, and you might accidentally buy something expensive with the card.

You would have to make a minimum payment of 4% of the total balance, all of which would reduce the balance at 0%. And then the amount of balance at 15% (or whatever) goes up.

Say you borrowed $10,000 at 0%, and each month you make a $10 and a $35 purchase. You make the minimum payment each month.

Your effective interest rate starts at 0% but goes up pretty smoothly. At the end of year ... your balance is ... and the effective interest rate is:

1 6568 1.23%
2 4465 3.63%
3 3177 7.65%
4 2387 13.57%

Shortly after year 5 begins, your original balance (at 0%) is paid off. So it wasn't "for life", it was for 4+ years, and you wind up with a several-thousand-dollar balance at a high interest rate (unless you can transfer the balance elsewhere).


#17884 0% APR for life from Discover card

Posted by jrr7 on 10 October 2005 - 08:17 PM in Balance transfer & low rate deals

QUOTE(markber @ Sep 27 2005, 11:39 AM)
All offers include 0% APR on transferred balances until April 2006 and 0% APR for life on transferred balances if you make two purchases a month after April 2006. All offers ends September 29.
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Not a great deal. Each time you make a purchase, you increase the amount of your balance that is "stuck" at 12.99% or whatever the APY is.


#17883 What's Paypal's ABA Routin No.?

Posted by jrr7 on 10 October 2005 - 08:15 PM in General

QUOTE(junkhuolin @ Oct 5 2005, 11:42 PM)
Anybody figure out how to get Paypal's ABA Routin No. and account no.?
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Paypal is not a bank. Thus they don't have an ABA routing number.

If you did somehow find out what bank they use, and their routing # and account #, it would be useless to you. If you transferred money to that account, it would vanish. If you transferred money out of that account, it would probably fail (Paypal probably has an account that only allows ACH IN).


#8426 Top rates for Savings and Money Market accounts

Posted by jrr7 on 02 August 2005 - 01:56 PM in Bank Best Rates

QUOTE(markber @ Aug 1 2005, 12:17 PM)
GMAC website mentions that "Demand Notes is designed to offer eligible GM family members a convenient means of investing funds directly with GMAC." Do I understand correctly that people who do not work for GM or do not have GM employees among their relatives are not eligible to purchase the Notes?
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Here's the info from the DemandNotes website.
QUOTE(http://www.gmacfs.com/notes/demand/qna.htm)
Who is eligible to invest in GMAC Demand Notes?
Demand Notes is available to employees and retirees of General Motors/GMAC and their subsidiaries and their immediate family members (spouse, children, siblings, parents and grandparents), GM Dealers and their employees, GM Stockholders and GM Suppliers/Vendors and their employees.


I don't know if it counts if you own GM stock through a mutual fund, or if you actually have to personally own GM shares.

My company sold some stuff to GMAC once, so I am eligible.


#8410 Top rates for Savings and Money Market accounts

Posted by jrr7 on 01 August 2005 - 04:56 PM in Bank Best Rates

Here's one you don't have listed:

GMAC DemandNotes.

www.demandnotes.com

4.25% APY

They are *not* federally insured.


#8408 Patelco is not federally insured

Posted by jrr7 on 01 August 2005 - 04:50 PM in General

They just have private insurance.

So you shouldn't be listing them under "Savings" but rather under "Not insured by FDIC or NCUA".



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