Grand Yield Direct is an online banking division of Apple Bank. This savings oriented bank opened in 1863 and has currently attained the distinction of being the fifth largest savings bank in New York, and has reached $5 billion in assets. It is considered to be one of the strongest savings banks in the nation. Being a member of FDIC, all deposits carry an insurance cover to applicable limits.
Grand Yield Direct has a high yield savings account, the Grand Yield Savings Direct Account, where a variable annual percentage yield is earned on savings everyday. This account is also flexible and liquid, making any money deposited in this account, a risk free and tension-free investment.
Every dollar deposited at Grand Yield Direct carries the best bank interest rates. An initial deposit of $2500 is required to open the account and the bare minimum balance of $1 is needed to be maintained in the account at all times, to take advantage of the top bank interest rates. This is a tiered-rate account, which is currently paying the same rates on all tiers.
Grand Yield Direct makes sure the money adds up sooner than later, for all deposits in their high yield savings account, because of the great bank interest rates and also due to the fact that there are absolutely no hidden costs or other service charges or fees applicable. Customers do not have to worry about giving back the interest earned in the form of fees and charges. The interest earned each day is compounded daily and credited to the customer’s account on a monthly basis.
Making money with the utmost convenience is what customers get with Grand Yield Direct savings account. When a Grand Yield Savings Direct account is opened, it can automatically be linked to any designated external account from another bank. The customer can also choose the deposit-by-mail option apart from online deposits. Joint accounts can also be opened.
The Grand Yield Savings Direct Account is provided by the Apple Bank to make savings more convenient. All deposits are FDIC insured up to $100000 per depositor. Both individual and joint accounts are insured separately, which means that if customers have both the types of accounts with Grand Yield Direct, they are qualified to be insured up to $200000. Talk of double security!
Apple Bank strives to be the best and believes in providing the best to its customers. They understand that online customer security is of utmost importance and cannot be compromised at any cost. Towards this end, they use secure socket layer (SSL) 128 bit encryption to keep all data completely confidential and private in a totally secure and safe environment.
Opening a Grand Yield Savings Direct Account online is very easy and quick. All the customer needs to do is give their identification as per the Federal law, by providing personal information. The depositor must possess a proper identification and a US address, as well as having a personal checking account in a US bank.
All transactions of deposits or withdrawals as well as the balance information is available online for the customer to see when they log in, whenever they want from wherever they are in the world. Account statements are mailed on a monthly basis for accounts that are active and accounts without any activity will be sent quarterly statements.
Grand Yield Direct offers the best possible bank interest rates for those that open an account online. With the great customer service support, that is willing to deal with all sorts of queries, this admittedly one of the best savings accounts online makes life easier.
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