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.
Updated February 6, 2012 and originally published January 3, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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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