To qualify for this CD, you must have an existing National City National City checking or savings account, or you must open a new checking, money market, or savings account with a opening balance of $1,500. It lists at the bottom of the sign up page that free checking account doesn’t qualify which means there is a $10 monthly maintenance fee.

Application can be done online, or over the phone. If you choose to sign up by phone, National City Bank will sent you a signature card which you must sign and mail in with a check to fund the account.

To get the $100 Bonus:

If you are applying online, you must enter promotional code BTB0100 to ensure you receive the correct bonus. A branch visit is another sign up option, you must however provide the coupon to receive the bonus.

Once the account is open, your $100 bonus will be automatically deposited into your business checking within 60 days. Closing the account within that time period will void the promotional bonus.

Opening a CD Account:

You are required to become a member with Alliant Credit Union by opening a primary savings account with Alliant Credit Union first before you can open a CD account. The funds for the CD will be transfered over from the savings account. Alliant Credit Union doesn’t have the ability to initiate fund transfers online, you must initiate it from the source of your funds.

Alliant Credit Union is NCUA insured (Charter # 67955) with 210,332 members and $4.8 billion in assets. Bankrate.com gives it a rating of 3 out of 5 stars.

New customers are required to visit a branch to open the account. Branches are located in Oak Brook which is in the suburbs of Chicago. The bank has been FDIC insured since 1934 (Certificate # 35230).

I called customer service and was told a walk in sign up is required for this account, and membership is available only to those who live, work or worship in the state of Washington. I was also informed that the early withdrawal penalty on this CD account is 3 months of interest for terms over 12 months and 30 days for terms of under 12 months.

The main branch is located in Bremerton, about 60 miles south of Seattle. Westsound Bank is federally insured by the FDIC since 1999 (Certificate # 34843).

Webster Bank is running a promotion on their checking accounts where you can basically earn up to $100 bonus if you meet all of their requirements. The checking account will award you $20 for your first checking deposit, $20 for payings 3 online bills, $20 for making 3 purchases with your Visa Check Card, and finally giving you $40 is you completely all three.

This is an online deal and is available to all states. To apply, simply go to Webster Bank’s checking account page and click on the “Get your $100 Coupon” icon to be redirected to the sign up page.

*In order to qualify, checking account must be opened by March 5th, 2008 and this offer is available to new Webster checking account memberships only. All three activity listed above must be completely by May 9th, 2008.

Once you are locked in for the term of the CD, only the 3.50% APY 6-Month CD earns dividends on a simple interest basis. All the other CD terms will have daily compounding interest and you have the option of choosing whether being paid monthly or at maturity. Upon maturity, your certificate will automatically renew unless you request a change of option either by phone or via online banking.

Application is online, you will first need to create an account with PedFed Credit Union, and then you can transfer funds via free ACH online transfer.

Pentagon Federal Credit Union is federally insured by the National Credit Union Administration (NCUA) up to to $100,000 USD. This credit union has more than 764,000 members and $11.2 billion in assets.

*Please note that penalty may be imposed for early withdrawal and service fees may apply.

Chase Bank is offering a great $200 Bonus when you open a business checking account with them. The only requirement listed is a $500 minimum bdeposit. Once qualified, Chase Bank will deposit $200 into your new business checking account.

To get the bonus, you will need to print out Chase Bank’s eBonus Certificate and bring it to a local Chase branch by 03/15/08.

The interest on this Certificatie of Deposit compounds and pays quarterly. At maturity, you will have 10 grace period days to action before it rolls over on to another CD with an updated rate. The penalty for early withdrawal is 3 month of interest with no principle protection.

Because this isn’t an internet CD, a branch visit is required to open an account. Millennium Bank is located in Des Plaines, IL about 30 miles from the city of Chicago.

Millennium Bank is a member of the FDIC, (Certificate # 34946). For more information, please visit Millennium Bank CD rates deposit home.

LaSalle Bank is currently offering a $100 free checking account bonus. To get the $100, you must open both a checking and a LaSalle Statement Savings Account, have a minimum balance of $250 and make a purchase with your Money Card debit card within 60 days of opening.

Bonuses will be credited within 120 days after the account is open, and are limited to one household per bonus.

You can apply online, or over the phone at (800) 275-9072.

Flagstar Bank is also offering a competitive, 25 basis points lower 18 month CD at 4.15% APY yields. The deposit requirements and characteristic will be the same as the 12 month CD.

Branch visits will not be required for sign up because this rate is only available through an online application. Furthremore, this CD account is for personal use only, it cannot be brokered or opened as a corporate account. The penalty for early withdrawal on a 12 to 29 month CD account will be 180 days of interest.

Flagstar Bank is a member of the FDIC, (Certificate # 32541). For more information, please visit Flagstar Bank’s CD rates homepage.

Membership for this high yielding CD is only available when you apply online. If you call or do branch visit to sign up, the rate falls to 4.15% APY.

There is a 90 day simple interest penalty for early withdrawal. If there is any possibility of withdrawaling the principle before the CD maturity, it’s better to invest your money in something more liquid like a savings account.

The Daily Banker mentioned about the worrying financial condition of Countrywide Bank and Bank of America’s acquisition negotiations in the past. If all of this goes through it will definately becomes a moot point in the banking industry.

Countrywide is FDIC insured, (Certificate # 33143). As with any bank, it’s always safe to stay under the FDIC limits of $100,000, especially one with financial problems.

For more information regarding opening an account, please visit Countrywide Bank’s deposit homepage.

The interest on the Indymac Bank’s Certificate of Deposit, depending on the term of the CD, is compounded daily and can be paid monthly or at maturity. At maturity, your CD will also renew automatically for the selected term at the most current rate offering by Indymac Bank at that time.

The peanlty for early withdrawal for this particular Certificate of Deposit is 1 month of simple interest at the rate being paid on the amount withdrawn with no principle protection.

Indymac Bank also offers customized Certificate of Deposit terms, for more information, please visit Indymac Bank’s deposit homepage or contact their Customer Contact Center at 1-877-748-0004.

Luther Burbank Savings is also offering a 4.00% APY checking account with $5,000 minimum deposit to open. A branch visit would be required to open and it’s available in all Luther Burbank Savings branches.

LBS has been a member of the FDIC since 1983 and this is the their first appearance on DailyBanker.com.

For futher information regarding application, please visit their homepage at http://www.lutherburbanksavings.com.

*A Liquid Certificate of Deposit (CD) usually allows customers to lock deposits in a high CD rate, make unlimited deposit add-ons, and allows fluid (without withdrawal penalties) access to your money.

Due to the recently feds rate cut, 4.90% APY is currently the highest CD rates in the nation. Interest is compounded daily and credited to your account each month with guaranteed rates for the term of the CD. Monthly interest checks are also available.

There are no fees associated with this account and the penalty for early withdrawal for a 3 month to 12 month term CD would be 91 days of simple interest at the rate paid to the account.

For more information, please check out Countrywide Bank’s CD rates homepage.

This Certificate of Deposit isn’t an internet CD so you must mail in your application. Membership for this CD account is open to those who live in Los Angeles County, California and also to anyone who lives or works in Lake Havasu City, Arizona. Please refer to L.A. Financial Credit Union’s membership page and Havasu Community Credit Union’s membership page for more details.

January 31, 2008 is the last day to take advantage of this great Certificate of Deposit offer and many customers didn’t want to hassle with the direct deposits because with the huge recent Fed rate cuts this is still the best CD rate even at 5.25% APY.

The Annual Percentage Yields (APY) is effective as of Monday, January 28, 2008. The minimum deposit to open a CD account and obtain the APY is $10,000 for a regular CD and $2,500 for an IRA CD. The penalty for early withdrawwl will 91 days of simple interest at the rate then paid on the account, whether or not paid or earned, on the amount of principal withdrawn.

I personally think this will be the highest and last 5.00% APY CD by Countrywide Bank, so take advantage of this offer while it lasts.

The CD interest is compounded quarterly and for balances up to $10,000 or more, customers can get paid every month by mail. There will be a 10 day grace period when the CD maturity when you can add to the CD, withdrawal, or you can wait until the grace period is over and it will automatically roll over.

Flagstar Bank is also offering a few other certificates of deposits explained below:

Certificate of Deposit (CD) tier:
-$500 deposited for 3 months is offered a CD (Certificate of Deposit) rate of 4.92% with 5.00% APY.
-$500 deposited for 12 months is offered a CD (Certificate of Deposit) rate of 4.83% with 4.91% APY.
-$500 deposited for 18 months is offered a CD (Certificate of Deposit) rate of 4.78% with 4.86% APY.
-$500 deposited for 24 months is offered a CD (Certificate of Deposit) rate of 4.78% with 4.86% APY.
-$500 deposited for 30 months is offered a CD (Certificate of Deposit) rate of 4.78% with 4.86% APY.
-$500 deposited for 36 months is offered a CD (Certificate of Deposit) rate of 4.78% with 4.86% APY.
-$500 deposited for 48 months is offered a CD (Certificate of Deposit) rate of 4.78% with 4.86% APY.
-$500 deposited for 60 months is offered a CD (Certificate of Deposit) rate of 4.78% with 4.86% APY.

From the above Flagstar Bank’s CD rates tier, it’s clear that investing in any other CD other than the 3 month and 12 month CD wouldn’t be a smart decision. It is better off to invest in the 3 month CD, get the highest rate and let it automatically roll over than to lock your money in a 60 month CD for a lower rate.

Early withdrawls peanltyu before the maturity of this 5.00% APY 3 month is a 30 day interest under Flagstar Bank’s ‘Truth in Savings Disclosure’ statement. There is no principle protection program.

Certificate of Deposit rates above 5.00% APY might be history in the very near future.

Like CountryWide Bank, IndyMac is also running into mortgage home loan problems, losing more than $200 million in the third quarter. Moody Investors said IndyMac’s mortgage lender’s business and portfolio rating is much similar to the constantly lowering mortgage debts from the market. With it’s portfolio already dented, please try to stay under the FDIC limits of $100,000 for this 7 month CD.

With Certificate of Deposit rates plummeting, many investors are looking for great bank deals like reward checking accounts and great credit cards deal on The Daily Banker.

Even though this is not the highest or the best cd rates on the market today, this CD however has one of the most well rounded requirements with minimum $1,000 to open and only 1 month penalty interest for early withdrawl. Furthermore, this 7 month 5.10% APY CD is also the highest CD rate that Equity Bank offers, you can find more information regarding Equity Bank’s CD and IRA products rate tier here.

Equity Bank S.S.B., member of FDIC, provides insurance maximum amount allowable by law of $100,000.

To open an account, simple call 214-237-3170 and a customer service representative will assist you.

This Certificate of Deposit has an exceptionally high 6 month interest penalty for early withdrawl with no principle protection program. So please invest knowning that it will most likely be locked in the full 7 months.

Branches of Superior Savings of New England are located in Connecticut (main office), and in the Bronx, NY. This CD is however available to other states as well. To open, simply download the application and mail it in with the required information. You can fund the account with either an ACH transfer or mail in a check.

Another thing to keep in mind when investing in this long term high yielding CD account is the fact that this is a Callable CD. A Callable CD is basically a Certificate of Deposit that is able to be “Called back” by the bank after it’s call-protection period and before it’s maturity. This serves to give the bank the ability to give the best CD rate possible without losing interest on the long run. For this particular MidFirst Bank 5.90% 7 year CD, the call protection period is 1 year.

Penalty for early withdrawl is 24 month of interest with no principle protection program. For more information, please call MidFirst Bank’s customer support at 1-888-MIDFIRST inquire about this particular CD not listed on their website.

The minimum deposit on this 6 month CD is a little bit high at $10,000. Interest on this CD will compound daily with monthly checks available. As far as money transfer goes, you can do it by ACH transfer ini 3 business days or you can write a check and mail it in.

There is currently news circulating around the internet regarding Countrywide Bank’s shares dropping and making up bankruptcy stories. You can read the complete store here at Bank Deals. Thus I would suggest anyone who is interested in this CD to stay under the FDIC insured limit of $100,000.

Because this is not an internet CD, membership for this Certificate of Deposit is open to anyone living in the vincinity of La Porte, Texas which is located right outside of Houston.

The interest on this 9 month CD is compounded daily and will be credited quarterly. Once you reach maturity on this Certificate of Deposit, you will have 10 days to decide weather to withdrawl the principle with compounded interest. If there is no response within 10 days it will automatically renew and will be locked in the new Certificate of Deposit rate for another 9 months.

To apply online, simple go to the FNBO Direct website and apply.

*No penalty for early withdrawl will be applied to the savings account, but it will cost you 3 month worth of interest if you withdrawl early for the 9 month CD. This penalty can actually hurt your principle if you withdrawl before the 3 months.

Because this CD is a broker CD, the penalty for early withdrawal is different from bank CD accounts. A bank CD account will usually charge you a certain month’s interest and most likely will not hurt your principle amount deposited. This CD is different because if you want it before the maturity date, they will find a secondary market buyer to buy it and thus you can actually LOSE your principle amount. Your penalty will be the spread between how much TD AMERITRADE broker sells and buys the Certificate of Deposit.

To open an account, you can go to TD AMERITRADE’s website or you can locate a branch near and open it at a branch.

To open up an account, you can either go to E*TRADE Financial’s website and apply online. Once you complete your application, E*TRADE Financial will sent you a confirmation email with instructions on how to fund your account.

*CountryWide Bank is also offering a promotional 3 month Certificate of Deposit of 5.50% APY only if you call in and open the account over the phone. This is their promotional special and there wasn’t too much advertising associated with it. Their direct number is
1(800)283-8875.

EverBank, a FDIC insured bank is offering a introduction promotional FreeNet checking account rate of 5.51% APY for the first three months. After the first three month at introductory rates, your interest will follow EverBank’s rate tier. I would suggest people to invest for the first three month to benefit from the 5.36% interest and then maybe withdraw your money and put it into a Certificate of Deposit like the E-Loan 5.00% APY 3 month CD.

To apply, simply fill out an application online, signed it and mail it in. You will then have to wait for EverBank’s confirmation with your account number, once you recieve your confirmation number, you can then link it with your external bank and transfer funds over.

This is a free checking/savings account with no minimum deposit, but if you want the option of BillPay, you will need to keep a minimum balance of $1,500.00 USD. The penalty for going the depoisit limit with BillPay is $4.95.

Even though EverBank doesn’t have their own ATMs across the country, they will however credit you with $6.00 USD every month for your ATM fees if you mail in your ATM reciept.

For more information, please visit EverBank’s homepage at www.everbank.com.

By opening this savings account, OneUnited Bank will issue you an ATM card that allows you to withdraw from ATMs at either OneUnited locations or one of their affliates. The limit on the ATM is $300 within a 24 hour period. OneUnited allows ACH transfers from one bank to another. The standard period for transfer is 3 business days, but if you need the money faster, you can get it transfered over within 1 business day using their Premium ACH transfer service. The cost on that is $10 USD per transfer.

Again, you will get compounding interest daily and it will be paid quarterly. For more information you can always visit OneUnited Bank’s website at https://www.oneunited.com.

E-LOAN financial is offering a 3 month 5.00% annual percent yield CD. The minimum deposit requirements on the CD account is $10,000 USD and for savings account is $5,000. Deposits made through E-LOAN will be processed through BPNA (Banco Popular North America), which is the direct parent company that E-LOAN. All membership accounts are FDIC insured up to $100,000 by law.

This is the best cd rates in a series of Certificate of Deposits offered by E-LOAN financial. All the other ones offered by E-Loan required a longer maturity with a minimal increase in APY. For example, with the same minimum deposit, their 5 year CD Rate is only 5.01% APY.

The reason for this high CD rate is obviously the Certificate of Deposit period. CD rate period longer than 12 month usually have a high CD annual percentage yield, not to mention this CD is 120 months. Certificate of Deposit amounts should be always kept under FDIC limits of $100,000, and for customers that have already opened a deposit account within the last 90 days, it’s always beneficial to review the disclosures provided.

For more information, you can always check out KeyDirect’s Certificate of Deposit homepage.

Imperial Capital Bank is offering 5.20% APY 3 month Certificate of Deposit with a minimum $2000 deposit. This is the best CD rate out of a list of Certificate of Deposits provided by Imperial Bank. Other CDs include a 5.10% APY 6 month CD, and a 5.00% APY 1 year CD. ICB seems to have decreasing APY as the Certificate of Deposit term increases. All CDs are subjected to monthly compounding interest that remains on deposit at maturity. These APY are accurate as of November 6th, 2007, which is subjected to change over time. Please check back for updates on the most current Imperial Capital Bank CD rates.

To apply online, you will need your socail security number, driver liscense number, email, valid address, and a telephone number for verification. And if you think applying online is a hastle, you can always apply by mail.

Imperial Capital is a FDIC insured bank with ATM/branches located within the state of California, Nevada, and Maryland.

For more information regarding this Certificate of Deposit from Indymac Bank, you can visit their homepage for more information.

This post serves as an update for the previous Indymac internet special of 4 month 5.75% CD

Related Posts:

• Millennium Bank 8.75% 5 year CD Rates
• 5.75% APY @ Indymac Bank
• 7.00% APY CD Rate @ Patelco Credit Union

Mutual Bank is also offering extended CDs for 24 and 36 month period but with reasonably higher APY and a higher minimum deposit. The special promotion for mutual bank’s 24 month CD is 5.20% and 36 month for 5.30% with minimum balance of $5,000. I wouldn’t recommend the 24 and 36 month CDs because for those CD terms, APY rates can get competitive and I’m sure you will there is a better deal if you shop around. The only Certificate of Deposit that is reasonable for the Mutual Bank special promotion CDs is the 12 month 5.00% APY.

However, the only downside to this CD is that you must apply in person or by mail. If you choose to apply by mail, you must fill out a Consumer Application form. Detailed instructions is listed on the Mutual Bank website.

Aside from the 5.10% 4 Month CD, Bank of America is also offering a Risk Free CD Account Service of 4.85% with 9 month maturitty. They called it risk free because you can withdraw the fund from your CD before maturity date without a penality. Of course, with that special treatment you are experiencing a much lower rate and maturity period. The minimum to open is $5,000 and the max amount you can invest is $500,000. Remember that both of these dreals by Bank of America is online only and can only be open through the Bank of America website.

The Federal Financial Institutions Examination Council is giving banks until the end of next year to implement two-factor authentication for online transactions.

Two factor authentication aims at better security. This means that customers of banks using this method will have to identify themselves dual-way. One would be the simple identification ? username and password and the other is the verification of a code.

The code would appear on a personal device such as the SecurID Token used by the American Bank Online. It is a small device on which numbers would change every minute. So while logging in to your account, you will have to write the number shown on the screen of your device. This method insures tight security and near impossible access of your accounts for the crooks.

According to this article, banks implementing this system will have to incur huge expenses. This would result in an increase in their running costs and eventually a cut down in the interest rates. This is just hypothetical, but obviously increasing expenses of the banks would mean some cut in the high returns on the CD’s or cash deposits.

Apart from that, this system might prove ineffective when the perpetrator is using Trojan Horses to track down the passwords. The article advocates this fact by citing Security expert Bruce Schneier, CTO of Counterpane Internet Security comments. Moreover, in case of phising attacks this system would again be of no help. Because phishing involves users who are deceived into giving away their identification ? be it a password or now, the verification code. Furthermore, the intervention of the government is seen as something suspicious by many customers who do not want to see government intervention in their accounts.

On the other hand, optimistic customers not only see this change as increased security but also safer online banking. Moreover, some commentators argue that banks using this system might disperse the crooks to other banks where security is less tight. It also brings the news of destruction to the crooks in the password market. Previously, crooks could obtain passwords and sell them to other crooks for cash. But with this system, it would reduce online crimes sharply as simple password would be of no use to the crooks!

If one analyzes its advantages and disadvantages, then its benefits clearly outweighs it cons. Firstly, it provides better security and more safety for one’s money. As a commentator mentioned:

“It is true that it will not stop fraud but neither do armed guards in bank lobbies stop armed robberies. The point is to make it more difficult to commit the crime. This always means taking the convenience out of a process”

Secondly, any one would prefer security over a little cost. So, hats off for the introduction of two-factor authentication!

Patelco Credit Union is giving it’s new members a special certificate of 7.00% APY. This is a limited time special offer only to new members of Patelco. All Funds deposited to this Certificate of Deposit must be from institutions other than Patelco. The minimum deposit on this CD is $1,000 and there is penalty for early withdraws. The only drawback to this highest CD rate is that the maxium deposit is limited to $1,000 also. Remember this account is only limited to one open new membership members. For more information, visit Patelco’s certificate rates table here.

Remember, at 12 month maturity, this certificate will renew at Patelco’s current yield for a regular 12-23 month share Certificate of Deposit rates of 4.91% APY. Personally, this is great for a quick and easy investment; it’s not really suitable for long terms because if you forget to withdraw your money at 12 month maturity, it will enter a low APY 4.91% APY cycle and there is a penalty for early withdraws. All the benefits earned on that 7.00% APY will be diluted by the 4.91% APY over time. It’s Patelco’s way of making back the money they lost on the 7.00% APY and also their way of stirring up attention by throwing the highest CD rate and then capping it at $1,000 maximum deposit.

Wilmington Trust is currently offering a competitive online only savings account rate at 5.06% APY. This savings account is completely free and has a minimum balanace of $10,000. One of the things WT|Direct doesn’t tell you this on their advertisement is that if your balance falls below $10,000 for longer than 60 business days, your rate will drop from 5.06% APY to 0.60% APY. Wilmington Trust claims to have rate consistently in top 5% of U.S. banks, but if you do not meet their minimum balance requirement within 2 months, you will probably find their rate is at the bottom 5%. Furthermore, WT|Direct allows 6 free transfers a month with unlimited externally linked accounts. The account transfers usually take between three to five business days with daily compounding interest.

WT|Direct is a member of the FDIC and they pride themselfs with great customer service. A phone call to WT|Direct will lead you directly to a real person. WT|Direct also offers a $0 liability guarantee for unauthorized transactions on your account over the internet. Overall, Wilmington Trust is a very secure and well established bank as Bankrate.com gives it 4 out of 5 stars. For any further questions, call 1-800-WTDirect (or 800-983-4732) or email ClientCare@wtdirect.com.

*Edit FREE Round Trip Plane ticket by AMEX ends October 14, 2007

AMEX Business Gold Rewards Credit Card is simply the best credit card available right now! Because Amex is rewarding customers with the huge bonus of 25,000 point after the first billing period, makes this credit card a must have. Normally, in order to earn 25,000 points with AMEX Business Gold, you or your company will have to spent $25,000 to qualify. Many of DailyBanker.com viewers signs up just for the plane ticket. Couples sign up under sole proprietorship and get a free mini vacation after the first spending. The deadline on this absolutely incredible deal has been extended from August 30th, 2007 to October 10th, 2007.

For more detailed information, you can visit our earlier AMEX business credit card post.

Suspicions about Online Banks

I have conversed with a lot of friends and they all regret to join online banks. Only a few of them are using online banking systems but they still have fear in their minds due to hackers. Almost all of them afraid of joining online banks like ING Direct, etc.

There is one thread on ClarkHoward which we can consider as a good example of admitting fear of online banks. This person who created this thread is very interested in having high interest saving rates but is not much comfortable with online banks. I personally suggested him to go in the bank and talk with bank manager but I don?t think so that he did that because I have not got any response from his side but still I am waiting to know what he finally did.

It?s really hard to explain that whether to use online banking or not because we don?t know that these online banks physically exists or not. All legal banks like ING Direct and EmigrantDirect has their offices somewhere in the US. These online banks may not have local branches but they must have affiliation with large banking companies.

Reviewing an Internet Bank

Steps that ensure that online banks are FDIC insured:

1.) Open FDIC.gov website and go to Bank Find page. On this page type the name of the bank for example for EmigrantDirect, type Emigrant Savings and a page with some results will appear. Emigrant Savings is also changing its name to New York Private Bank and Trust soon. You can also read about the history and present state of EmigrantDirect Bank on FDIC page. But on this page website of online unit is not available and after reaching emigrant.com, you?ll see a link to Emigrant-Direct.com. All of these things provide a proof that EmigrantDirect Bank is legally exists and is FDIC ensured.

2.) Finally the important thing is that whether the bank is financially stable or not. Go to Bankrate.com?s website and find a form that bank is using. For example, I selected EmigratDirect bank which is located in New York then further I selected Emigrant Saving Bank from the sidebar menu where you can see a lot of New York banks. Rating for Emigrant Savings is 4 out of 5 stars, its having second highest rating in the New York. So, all above wordings shows that the bank is high financially sound.

There is one benefit that I noticed is, if you have very little amount of money with you and you want to open an account in EmigrantDirect or ING Direct Bank, there is no problem. The whole process and basic requirements for opening an account are very simple. The only thing the consumer should worry about is the money market rates of banks you are doing business with. The money transferring process is also very easy to use. When you?ll enter the bank there are a lot of bank staff member which will guide you how to operate your bank account in few easy steps. If you still have some questions then you are also ask them without any hesitation and they will guide you throughout.

There is also a network of credit unions in all the local areas and is called a credit union network. I have noticed that credit union network is grouped with lots of credit unions from all the local areas to increase its network and CU Service Corporation is one of them. CU Service Corporation provides great interests to earn good money for your family by running some businesses with your family members or friends. Let us discuss briefly about CU Service Corporation.

In different countries, many shared Service Center have been located in different areas by joining all the Credit Unions together. By joining them together, the strength of this shared network increased a lot in the last few years and it is still increasing as, day by day, large number of people are joining local credit unions. The rate of joining is increasing every year. Further, if any credit union member who likes to participate in any personal activity like starting a new business, he has to take the permission from Shared Centers to conduct his/her own private business and assuming that this business is related to his/her own credit union branch. Members of credit union can also access their accounts in many other locations with help of sharing facilities provided by shared credit union.

There are a lot of benefits to join a credit union. You can also conduct any business with your family members if he/she is already a member of credit union and can get huge profits by working together as a team. For example, you are the member of credit union in your state and your family member is in some other state, so you both can conduct a business by joining the same credit union. But main thing is that you also have to take help of other local credit unions who has networking abilities.

I always like to tell everybody about this great service and many of my friends and family members have already joined and we also have started few businesses together with help of local credit unions. I just want to say that this is very good opportunity for us to work together as a team. So, don?t think much just come and join. The credit union has very co-operative staff which helps to make your joining very simple and you can also ask any queries related to credit union.

Some banks such as Credit Union charge people some amount of money if they want their bank statement by post. But bank of America is promoting online banking by giving away 5 dollars to those who stop their delivery of paper statement. Even on their website there is this link that allows users to test these services so that they become accustomed with the system.

I think is a good way to spread this new culture. Online banking is profitable both for the bank and the investor. Hence, by cultivating this online- banking culture, banks ensure more profit not only for themselves but in the long term they can offer better interest rates (as their expenses are reduced)

In order to ensure their customers, they are also giving Norton Protection at 50 % off. To add to this high-tech culture Bank Of America has also introduced Mobile Banking too. Besides to make online banking more user friendly their link

provides guidance to the users who are new to online banking. Such guidance ascertains a person about the registration steps and make one feel more secure.

Their online facilities include downloading a personal financial management software

Download your accounts,
Track investments
Pay bills directly through Financial Management software.
Viewing balances and transactions for Bank of America checking, savings, money market and credit card accounts.
Pay your bills online
Transfer funds online.
Track taxable entries and tax deductible items.

Plus their online banking user guide gives members directions about online banking. Hence, their promotion campaign is quite elaborate which harbingers a great success and profit for the company.

Deseret Money Market
Balance Interest Rate APY*
$0 - $999.99 0.00% 0.00%
$1,000 - $49,999.99 5.16% 5.30%
$50,000 - $99,999.99 5.41% 5.56%
$100,000 + 5.41% 5.56%

Aside from money market savings account, Zions Bank is also offering interest on your savings account. The minimum balance on your checking in order to earn interest is $2,500, and if you have anything more than $20,000 you can enjoy a 3% APY on your checks account.

High-Yield Checking
**Balance Interest Rate APY*
$2,500 - $19,999.99 1.00% 1.01%
$20,000 - $99,999.99 3.00% 3.05%
$100,000 + 4.30% 4.39%

There more information on the Zions Bank website about deseret money market, membership is open to anyone in the United States with internet access. And there’s no expiration on this high money market deal. Take your time and compare rates from different banks, if there’s any questions, feel free to contact us.

a. This list of Office of the Comptroller of the Currency (OCC) has enumerated few unauthorized banks. One such bank is Atlantic Standard Chartered Bank & Trust, N.A. Internet Bank. Such banks use titles of famous banks as their subtitles to feign that they are a part/branch of that bank. Hence one should only contact a bank directly from the bank’s main website. And before investing into any unpopular virtual bank, one should go through such lists to check whether it is enlisted as bogus or not.

b. If you do online banking with a local bank and know their website then it is safe. Virtual Banks are low in reliability. Hence one interested in doing banking with virtual banks should make sure that the bank is enlisted in famous banking forums. Famous online banks such as Emigrant Direct, HSBC and ING.com are popular and well trusted. Reading banking blogs/forums might bestow a person first-hand experience stories which might be helpful.

c. Another way is to know whether the website of the bank is authentic or not. That is, to see who registered the domain. This can be done by visiting websites such as godaddy.com and confirm the URL’s registrar. But this has its own limitations as domains are no check for authentication of bank.

d. Read out the tips provided by FDIC about internet banking. Such tips might accustom an investor with do and don’ts of online banking!

e. Use FDIC find bank tool to locate an FDIC insured bank along with its web address. But the web url is for the parent unit of the bank not its branches. Which means some bogus bank can use major bank’s titles as their subtitles and misguide investors.
So if the bank you are planning with to work with passes through these tests then it would be pretty safe to invest in that bank.

Also remember that this highest Certificate of Deposit interest will compound daily and will be reinvested monthly or at maturity. This however raises many doubt as to whether the interest rate will continue to pass on after the 4 month IndyMac Bank automatic renew. I called IndyMac Bank to confirm and they said because the CD is termed to be only 4 month. The interest rate stops precisely when 4 month is up; if the interest rate would carry on to the automatic renewed months, then this wouldn’t be a 4 month CD. With such a great CD rate, there is of course a penalty for early withdrawal. As far as what the penalty is, I’m not going to go into that because this is a very short termed Certificate of Deposit.

Another thing to keep in mind is that this is an internet special only. The only reason IndyMac Bank can keep provide such a great rate is mainly because they save the money of running a brick and mortar. They can carry their savings onto the CD interest rates they give you. If you have any questions regarding this Certificate of Deposit, please check out the IndyMac Homepage.

Personally, I have invested in their CD in mid August of 2005. The experience was easy and the rates were very competitive as I recall. To open an account with Countrywide Bank, simple go on their homepage and select Certificate Deposits under the banking tab. If you have any further questions you can contact their customer support at 1-800-283-8875. Because Countrywide is known to be an mortgage lending bank, thus great Certificate of Deposits are rare because this is not their specialty field. Take advantage of this deal and act quickly.

***FREE Round Trip Plane ticket by AMEX ends August 31, 2007

AMEX Business Gold Rewards Credit Card is the hottest thing going on right now. Because American Express is rewarding new customers with a tremendous bonus points of 25,000 just for signing up! In short, 25,000 points is equivalent to $25,000 dollars spent and can be used to redeem for a round trip domestric plane ticket. Many of our dedicated readers took advantage of this deal and applied to multiple cards to go on a free vacation. There is no annual fee for the first year, so canceling after the grace period is very common. If you don’t feel the need to go on a round trip, you can also redeem this bonus for other great American Express membership rewards. For more information, you can visit our earlier post.

We hope you take advantage of this offer, this is by far the most lucrative credit card deal ever, it deserves a second reminder!

A little bit of history, Umbrella Bank is?an internet division of New South Federal Banking, founded as an internet based bank?but many question arose in the public about why internet? It is safe? It is secure? It is more convienent? The answer according to Umbrella bank is Yes to all those questions. Internet banking is safe beceause no matter what, the Federal Deposit Insurance Corporation (FDIC) will?insures each depositor up to $100,000 per account, further securities are also offered please check FDIC homepage for more information. To answer the second question, internet is actually more secure than transactions done in person due to 128-bit encryption, numerous firewalls, username and passwords. In the age of information, internet commerce and banking wouldn’t exist without such high tech security over the web. And finally why internet banking? This questions boils down to what type of person are you and why kind of time schedule, habit do you have. Internet banking offers unparelled convienence in comparison to regular banking due to it’s flexible hours and ease of use. Everything is in sight and within the click of a button.

?*reminder, please don’t forget that American Express is still giving away a Free domestric round trip plane ticket for signing up Amex business gold rewards card!

1. Your Social Security or Tax ID Number.
2. Your Driver’s License or ID card issued by a state DMV.
3. Information about any loans or mortgages that you may have