5.02% 18-month CD at interState Net Bank
Nov 16, 2005 - 9:00 AM by Ken Tumin
interState Net Bank is offering an 18-month CD with a rate of 5.02% APY. It also has a 4.80% APY 12-month CD. These certificates have a minimum deposit requirement of $1K.
interState Net Bank also has a decent money market account. Balances over $10K earn 4.00% APY. The rates go down substantially as the balance falls. A $10 monthly fee is charged on average balances under $2.5K. One perk is that the first 200 printed checks are free.
One important feature of an internet bank is the ability for ACH transfers. According to the bank's FAQ, you can transfer funds to and from a checking account through ACH.
The bank is based in New Jersey and has only been around since 2001. It only has a 2 out of 5 star rating at Bankrate.com which is below the industry average.
interState Net Bank also has a decent money market account. Balances over $10K earn 4.00% APY. The rates go down substantially as the balance falls. A $10 monthly fee is charged on average balances under $2.5K. One perk is that the first 200 printed checks are free.
One important feature of an internet bank is the ability for ACH transfers. According to the bank's FAQ, you can transfer funds to and from a checking account through ACH.
The bank is based in New Jersey and has only been around since 2001. It only has a 2 out of 5 star rating at Bankrate.com which is below the industry average.
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