Comments on: Current Savings and Checking Rates http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Joe Leibrandt http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-5741 Joe Leibrandt Fri, 19 May 2006 16:57:43 +0000 http://wp.consumerismcommentary.com/?p=282#comment-5741 Our intro APY of 5.00% for our jumbo money market accounts is good until May 31, so sign up today! The minimum balance is only $50,000 for this offer. Please see http://www.ufbdirect.com/ufbdirect/ for more details. Thanks, Joe Leibrandt UFBDirect.com Our intro APY of 5.00% for our jumbo money market accounts is good until May 31, so sign up today! The minimum balance is only $50,000 for this offer.

Please see http://www.ufbdirect.com/ufbdirect/ for more details.

Thanks,

Joe Leibrandt
UFBDirect.com

]]> By: Joe Leibrandt http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-397 Joe Leibrandt Thu, 03 Nov 2005 20:47:08 +0000 http://wp.consumerismcommentary.com/?p=282#comment-397 Check out the demo of our new and improved online bill pay coming this month! The ways to withdraw money from UFB Direct accounts are ATM, wire transfer, cashier's check, writing checks, and bill payment. Our high yield money market savings accounts are up to 3.80% APY and our Jumbo MMA's ($50K minimum) are up to 4.08%! Check out the demo of our new and improved online bill pay coming this month!
The ways to withdraw money from UFB Direct accounts are ATM, wire transfer, cashier’s check, writing checks, and bill payment.
Our high yield money market savings accounts are up to 3.80% APY and our Jumbo MMA’s ($50K minimum) are up to 4.08%!

]]> By: K http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-396 K Sun, 07 Aug 2005 18:05:13 +0000 http://wp.consumerismcommentary.com/?p=282#comment-396 How do you withdraw funds from UFB? Is having them write you a check or wiring funds the only way (other than the ATM card)? How do you withdraw funds from UFB? Is having them write you a check or wiring funds the only way (other than the ATM card)?

]]> By: dheomeh http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-395 dheomeh Sat, 06 Aug 2005 13:42:31 +0000 http://wp.consumerismcommentary.com/?p=282#comment-395 Right now Emigrantdirect is paying 3.50%. UFB Direct is paying 3.40% and UFB does not support ACH? Why not ACH?? Right now Emigrantdirect is paying 3.50%. UFB Direct is paying 3.40% and UFB does not support ACH? Why not ACH??

]]> By: Joe Leibrandt http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-394 Joe Leibrandt Tue, 26 Jul 2005 19:47:10 +0000 http://wp.consumerismcommentary.com/?p=282#comment-394 We just changed our Jumbo APY again! It is now 3.50%. We just changed our Jumbo APY again! It is now 3.50%.

]]> By: Joe Leibrandt http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-393 Joe Leibrandt Fri, 22 Jul 2005 02:28:06 +0000 http://wp.consumerismcommentary.com/?p=282#comment-393 UFB Direct's APY for money market savings is now 3.40%. The APY for Jumbo MMA's is 3.45%. UFB Direct’s APY for money market savings is now 3.40%. The APY for Jumbo MMA’s is 3.45%.

]]> By: Eric http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-392 Eric Wed, 13 Jul 2005 08:44:30 +0000 http://wp.consumerismcommentary.com/?p=282#comment-392 Check out HSBC @ <a href="http://www2.us.hsbc.com/1/2/3/personal/savings/savingsaccounts/onlinesavings" rel="nofollow">http://www2.us.hsbc.com/1/2/3/personal/savings/savingsaccounts/onlinesavings</a> Seems straight forward. $1.00 min balance, no fees, limited to 6 transfers out in each statement cycle (unlimited ATM withdrawls). Check out HSBC @ http://www2.us.hsbc.com/1/2/3/personal/savings/savingsaccounts/onlinesavings

Seems straight forward. $1.00 min balance, no fees, limited to 6 transfers out in each statement cycle (unlimited ATM withdrawls).

]]> By: Joe Leibrandt http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-391 Joe Leibrandt Tue, 31 May 2005 23:49:07 +0000 http://wp.consumerismcommentary.com/?p=282#comment-391 Good news! Due to popular demand, we are extending our May Special until the end of August. All previously mentioned terms and conditions still apply, e.g., each customer is only eligible for one $25 bonus, you wouldn't get $25 for each new account you open, existing customers can fund one new account each to get the $25 bonus, and it can't be a transfer from an existing account, and there is a $30 fee for withdrawing ALL of the funds before 120 days have expired. You won't see the bonus deposited until the end of the month in which you open the account. Good news!
Due to popular demand, we are extending our May Special until the end of August. All previously mentioned terms and conditions still apply, e.g., each customer is only eligible for one $25 bonus, you wouldn’t get $25 for each new account you open, existing customers can fund one new account each to get the $25 bonus, and it can’t be a transfer from an existing account, and there is a $30 fee for withdrawing ALL of the funds before 120 days have expired.
You won’t see the bonus deposited until the end of the month in which you open the account.

]]> By: Ravi http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-390 Ravi Sat, 21 May 2005 04:04:27 +0000 http://wp.consumerismcommentary.com/?p=282#comment-390 This is an update regarding the ufbdirect High Yield money market Savings account. I opened an account with them. First of all they cannot initiate ACH transfers from their end. So you have to send your money through Wire transfers, normal postage,direct deposit etc. In their welcome mail, they mentioned that I can avail of UPS mail boxes facility to send my check for free. But UPS guys didn't honour the work order form, since it mentioned the mode of shipping as "UPS Ground" and envelopes with a check cannot be send through UPS Ground. The UFB Direct guys told me that they would solve the matter. But there is no update on their website till now. I am routing my payment through normal mail. So, this is one of the clumsy things at UFB direct. On another note, Joe Leibrandt(he has put a note in the comments here) has been very helpful in answering my queries. This is an update regarding the ufbdirect High Yield money market Savings account.

I opened an account with them. First of all they cannot initiate ACH transfers from their end. So you have to send your money through Wire transfers, normal postage,direct deposit etc.

In their welcome mail, they mentioned that I can avail of UPS mail boxes facility to send my check for free. But UPS guys didn’t honour the work order form, since it mentioned the mode of shipping as “UPS Ground” and envelopes with a check cannot be send through UPS Ground. The UFB Direct guys told me that they would solve the matter.

But there is no update on their website till now. I am routing my payment through normal mail. So, this is one of the clumsy things at UFB direct.

On another note, Joe Leibrandt(he has put a note in the comments here) has been very helpful in answering my queries.

]]> By: Joe Leibrandt http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-389 Joe Leibrandt Thu, 19 May 2005 01:52:58 +0000 http://wp.consumerismcommentary.com/?p=282#comment-389 I've received some personal e-mails asking about the May promotion, so I'd like to take this opportunity to clarify my previous statement. Each customer is only eligible for one $25 bonus. You wouldn't get $25 for each new account you open. Existing customers can fund one new account each to get the $25 bonus, and it can't be a transfer from an existing account. There is a $30 fee for withdrawing funds before 120 days have expired. Thanks for all of your suggestions. I’ve received some personal e-mails asking about the May promotion, so I’d like to take this opportunity to clarify my previous statement. Each customer is only eligible for one $25 bonus. You wouldn’t get $25 for each new account you open. Existing customers can fund one new account each to get the $25 bonus, and it can’t be a transfer from an existing account.
There is a $30 fee for withdrawing funds before 120 days have expired.
Thanks for all of your suggestions.

]]> By: Shev http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-388 Shev Fri, 13 May 2005 21:56:02 +0000 http://wp.consumerismcommentary.com/?p=282#comment-388 Thanks for adding the software info to the table, Flexo. I finally have some money in the Capital One account I opened, and can confirm that my MS Money software is able to update my balance automatically. I would like to suggest that this makes CapOne a great choice for lazy people like me. Thanks for adding the software info to the table, Flexo. I finally have some money in the Capital One account I opened, and can confirm that my MS Money software is able to update my balance automatically. I would like to suggest that this makes CapOne a great choice for lazy people like me.

]]> By: Anonymous http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-387 Anonymous Tue, 10 May 2005 04:44:41 +0000 http://wp.consumerismcommentary.com/?p=282#comment-387 Not sure why you say the vanguard MM isn't liquid...you can do a EFT to/from your bank account at any time, and there's no minimum holding period. True, it is not FDIC insured, but no MM fund has ever lost value (not to say it couldn't happen, but its very unlikely). Not sure why you say the vanguard MM isn’t liquid…you can do a EFT to/from your bank account at any time, and there’s no minimum holding period. True, it is not FDIC insured, but no MM fund has ever lost value (not to say it couldn’t happen, but its very unlikely).

]]> By: Flexo http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-386 Flexo Tue, 10 May 2005 01:45:08 +0000 http://wp.consumerismcommentary.com/?p=282#comment-386 Good thought -- I'll have this updated later tonight. Thanks! Good thought — I’ll have this updated later tonight. Thanks!

]]> By: Shev http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-385 Shev Tue, 10 May 2005 01:31:39 +0000 http://wp.consumerismcommentary.com/?p=282#comment-385 rev asks a great question. I opened an account with Emigrant Direct a few weeks ago taking only rate into account (theirs was the highest at the time), only to find that they were not supported by my MS Money software. Currently, my emergency stash is in the Capital One account because they have a website that doesn't suck and support automatic updates into Money. The convenience is well worth the current rate difference to me. Software support would be a valuable extra column in the table above. rev asks a great question. I opened an account with Emigrant Direct a few weeks ago taking only rate into account (theirs was the highest at the time), only to find that they were not supported by my MS Money software. Currently, my emergency stash is in the Capital One account because they have a website that doesn’t suck and support automatic updates into Money. The convenience is well worth the current rate difference to me. Software support would be a valuable extra column in the table above.

]]> By: Joe Leibrandt http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-384 Joe Leibrandt Tue, 10 May 2005 00:16:44 +0000 http://wp.consumerismcommentary.com/?p=282#comment-384 I am a Marketing Director at UFBDirect.com. I will be happy to answer any questions that you might have concerning any of the deposit products offered on UFBDirect.com. I'd also like to take this opportunity to inform you about our May special. We will automatically deposit $25 to all new accounts opened and funded in the month of May with a minimum deposit of $200. I'd also like to remind you that UFB Direct offers an APY of 3.30% for money market accounts, which is the highest rate in the country according to www.bankrate.com (5/9/2005). I look forwarding to fielding your questions. Feel free to visit the site at www.ufbdirect.com or call Customer Care at 888-580-0049. Sincerely, Joe Leibrandt Marketing Director Affinity Financial Corporation Joe.leibrandt@affinityfc.com I am a Marketing Director at UFBDirect.com. I will be happy to answer any questions that you might have concerning any of the deposit products offered on UFBDirect.com.
I’d also like to take this opportunity to inform you about our May special.
We will automatically deposit $25 to all new accounts opened and funded in the month of May with a minimum deposit of $200.
I’d also like to remind you that UFB Direct offers an APY of 3.30% for money market accounts, which is the highest rate in the country according to http://www.bankrate.com (5/9/2005).
I look forwarding to fielding your questions. Feel free to visit the site at http://www.ufbdirect.com or call Customer Care at 888-580-0049.

Sincerely,

Joe Leibrandt
Marketing Director
Affinity Financial Corporation
Joe.leibrandt@affinityfc.com

]]> By: Flexo http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-383 Flexo Mon, 09 May 2005 21:01:48 +0000 http://wp.consumerismcommentary.com/?p=282#comment-383 With foreign currency CDs you introduce transaction and exchange fees as well as currency fluctuation risk. Personally, that would not be my choice for an emergency fund. With foreign currency CDs you introduce transaction and exchange fees as well as currency fluctuation risk. Personally, that would not be my choice for an emergency fund.

]]> By: james http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-382 james Mon, 09 May 2005 20:17:46 +0000 http://wp.consumerismcommentary.com/?p=282#comment-382 Another way to get interest on cash is to put some of your savings into a foreign currency CD. Foreign currency accounts are quite liquid. Right now, I believe the NZ$ CD is the highest-yielding, at about 5.4%. Another way to get interest on cash is to put some of your savings into a foreign currency CD. Foreign currency accounts are quite liquid. Right now, I believe the NZ$ CD is the highest-yielding, at about 5.4%.

]]> By: rev http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-381 rev Sun, 08 May 2005 08:59:26 +0000 http://wp.consumerismcommentary.com/?p=282#comment-381 Anybody know which of these offer quicken "direct connect" download? The extra 0.2% isnt worth it to me without quicken. Anybody know which of these offer quicken “direct connect” download? The extra 0.2% isnt worth it to me without quicken.

]]> By: Flexo http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-380 Flexo Sat, 07 May 2005 20:15:04 +0000 http://wp.consumerismcommentary.com/?p=282#comment-380 I added the bonus info to the UCB line. I think I'll keep Vanguard's money market fund (MMF) out of the list since it's not a savings/MMA or checking account. You'd be investing in the MMF and the money wouldn't be as liquid. I added the bonus info to the UCB line. I think I’ll keep Vanguard’s money market fund (MMF) out of the list since it’s not a savings/MMA or checking account. You’d be investing in the MMF and the money wouldn’t be as liquid.

]]> By: Ravi http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-379 Ravi Sat, 07 May 2005 05:55:08 +0000 http://wp.consumerismcommentary.com/?p=282#comment-379 UFB Direct offering a $ 25 bonus for opening an account before May 31st. UFB Direct offering a $ 25 bonus for opening an account before May 31st.

]]> By: Anonymous http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-378 Anonymous Sat, 07 May 2005 04:55:54 +0000 http://wp.consumerismcommentary.com/?p=282#comment-378 What about tax-exempt money market accounts like Vanguard's VMSXX at 2.66%, thats equivalent to 3.55% in the 25% bracket. There's no fees, and a $3k minimum. What about tax-exempt money market accounts like Vanguard’s VMSXX at 2.66%, thats equivalent to 3.55% in the 25% bracket. There’s no fees, and a $3k minimum.

]]> By: Flexo http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-377 Flexo Fri, 06 May 2005 01:00:45 +0000 http://wp.consumerismcommentary.com/?p=282#comment-377 Thanks, MM. I added UFB Direct to the table. Thanks, MM. I added UFB Direct to the table.

]]> By: MM http://www.consumerismcommentary.com/2005/05/05/current-savings-and-checking-rates/#comment-376 MM Fri, 06 May 2005 00:53:44 +0000 http://wp.consumerismcommentary.com/?p=282#comment-376 3.30% from UFB Direct <a href="http://www.ufbdirect.com/ufbdirect/" rel="nofollow">http://www.ufbdirect.com/ufbdirect/</a> 3.30% from UFB Direct

http://www.ufbdirect.com/ufbdirect/

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