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Amboy Direct Raises Premium Savings Account Rate to 5.25%

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Amboy Direct just raised the rate on its no-minimum Premium Online Savings Account from 5.15% to 5.25% APY. Amboy has a history of keeping the rates on this account competitive since it started back in April.

This account has several nice features including: can be set up entirely online, no hard credit pull in the application and a $25 refer-a-friend bonus. The main downside is that you can only link one external account, and they don't allow you to make debits from links created at external accounts. Refer to this post for more info on this account.

I now have an account and can send you a referral (email me at bankdeals@gmail.com with your first and last name). Be sure to include a request for Amboy. The big downside of this refer-a-friend bonus is that it requires a $3,000 balance for 90 days. After this bonus period ends, you will receive $25 and the client who made the referral will receive $10. If this account didn't have a top rate, this bonus might not be worthwhile. For more info on Amboy's refer-a-friend bonus, please see this post


Comments
8 Comments.
Comment #1 by Ram (anonymous) posted on
Ram
many have reported HARD PULL
http://www.fatwallet.com/t/52/652223/

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Comment #2 by Aaron (anonymous) posted on
Aaron
What are you talking about? Amboy isn't AMTrust.

1
Comment #3 by Anonymous posted on
Anonymous
As per CSR, interest is accrued daily and credited monthly.

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Comment #4 by Banking Guy (anonymous) posted on
Banking Guy
Just learned today that you don't have to make a $3K initial deposit to qualify for the bonus. You can transfer the $3K later. See post for more info.

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Comment #5 by Anonymous posted on
Anonymous
For sure, I did not like their interface. Looks they also share E-mail addresses and my E-mail has been hot with spam after I have registered with them.

Did anybody of you did go through calculating the interest at their advertised APY? I am partly suspicious because somewhere on their web site it said like "The APY is only for balances greater than 20000". Have to find out.

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Comment #6 by Banking Guy (anonymous) posted on
Banking Guy
The email issue seems similar to what happened to EmigrantDirect. It may not be that they shared your address. But it does make sense to report it to the bank.

I've asked about that $20k balance issue. That is only for an example and does not imply that you only earn 5.25% for that balance.

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Comment #7 by Steven Burda (anonymous) posted on
Steven Burda
Steven Burda

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Comment #8 by xiaomingchimi (anonymous) posted on
xiaomingchimi
fatwallet is helpful.

but not the best, perosonally i like www.dealunion.com the best.

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