Umbrella Bank 6% APY 90 days savings account
Published by fanmoney August 12th, 2007 in Money Market RatesUmbrella Bank is currently trying to promote it’s Green Days savings account with a 90 day introductory rate of 5.86% annual percentage yield. This is one of the best savings account offered by Umbrella Bank this year. After the first 90 days, the account interest rate will depend solely on your spending and daily budge with your annual percentage yield being calculated using a combination of introductory rate and the going rate show at their table. The only requirement is a $100 minimum balance on the account, once that simple requirement is satisfied, your application will be reviewed within 24 hours. Once approved you can have free direct deposite and free Recurring ACH transfers from your Checking Account. In case if you don’t kno ACH transfer, it’s a way of transfers funds from your account to actually individuals. This best savings account is a limited offer, please act requickly!
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.
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11 Responses to “Umbrella Bank 6% APY 90 days savings account”
- 1 Pingback on Jan 10th, 2008 at 2:30 pm
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I invested in a CD back in october of 2005 with Umbrella Bank, good experience.
any idea when this deal is going to end?
this is not that great of a deal, I’ve seen better
you should post more CD rates rather than savings account, CDs are a much better and faster investment!
Hello, I called Umbrella Bank today (9-12-07)and was told they do not accept IRAs. I have a maturity coming up in 3 days, and another in Oct. 25.
My eyes are burned from searching the internet for something acceptable. Many good things but always something: like a Credit Union I couldn’t join, or unreachable minimums, no IRA, etc.
Would anyone think I should put my IRA maturity of about $6000 at a place where I can later withdraw when I find a better deal? Or should I wait for my 2nd maturity (around $32,000)to try to get higher rates by a larger minimum?
4 months ago I opened an IRA acount at Everbank (6.01% 3 months) which now has come down to 5%. Do you think I should put the $6000 there until something else comes along? However, I must find out whether there’s a fee for withdrawal…
Thanks ever so much for any suggestions! :o) Rosedala
Nice read!. Your topic about High Interest Savings Account needs more comments. I\’d like to spend me Sunday nights reading about free internet business
Do you have additional comments about no credit check card ?
Hi There ;
Please mail me an application for your 6% CD
nice deal,very much impressed