Immigrant Millionaire » online savings

Univest Bank can be an amazing savings option

srini — Sun, 06 Sep 2009 10:26:50 +0000

Univest Bank is not popularly considered as a front-liner online bank. But, the investor can well be surprised to discover a wide array of personal and business banking options. The high yield account services require a special mention. The savings account of Univest Bank is termed ‘Univest Anytime Online Savings’. The APY offered is 1.5%. Now, it can be readily agreed that with regard to an online savings account, this is fairly attractive offer. An investor can open an online savings account wit as little as a single dollar! There are no minimum deposit amount mentioned and there is no monthly service fees charged either. But, sadly, there are no IRA options.

The ATM card offered at Univest is also free and one can use it at the counters of the other bank’s ATM counters as well, free of charge. Through this online savings account, you can go for free fund transfers and phone banking, to name a few of the opportunities. The usual savings customers can convert to online savings account without having to pay any charge. There is another interesting aspect with regard to this bank. The investor is set to receive Rewards Checking services that enable him to acquire interest yields that are dependent upon the amount deposited. Further, being insured under the FDIC, the bank offers good security and returns for your deposits.

E-Trade – An online banking opportunity

srini — Sat, 05 Sep 2009 12:27:45 +0000

It has been recently observed that a lot of online investing companies are making a foray into banking. Today, management of finances through online banking and investing the savings through it are considered to be very convenient. In this regard, E-Trade has emerged as one of the most sought after investing websites in the internet. Under the investment category, they offer amazing savings features too. A user of E-Trade investing is presented with an E-Trade bank account that offers fair amounts of interest on the money that otherwise remains idle, while you consider various investment options. You can choose through savings, checking and CD investments.

Online savings is made very simple through E-Trade’s online savings account. There are no stringent clauses for the investor to follow. There are no deposits and no fees attached. The APY is also pretty good – it is 1.95%. You can transfer your deposits from any other account to E-Trade, and the transaction is kept free. The CD rates at E-Trade is 1.4% APY for a five-year term while, it is 0.60% for a three-month term. This is quite unlike the rates of the savings account. Then, if the investor has a balance amounting to an excess of $,5000 he stands to earn a checking account interest rate up to 0.75%. There are a diverse set of other attractive options for investors interested in online checking.