Here’s a new savings account interest rate update. Hot on the heels of ING Direct raising their interest rate to 3.8% APY to match UFB Direct, the latter raised their rate on their no-minimum account to 4.0%. If you deposit more than $25,000, you’ll qualify for their Jumbo Money Market Account rate of 4.35%. I can think of better places to put $25,000, but for a liquid investment that’s about the best you’re going to get right now.
A chart with the latest interest rates is available here at Consumerism Commentary.
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New customers earn 5.00% APY on their Jumbo Money Market Account balances until 5/31/2006! See http://www.ufbdirect.com for details.
Joe Leibrandt
Marketing Director
UFB Direct