OneUnited Bank's rate on its UNITY Gold E-Savings account has recently been raised from 5.25% to 5.30% APY. However, I noticed it changed its minimum deposit requirement. It use to only require a $10 deposit. It now requires a $1,000 minimum opening deposit and to earn the stated APY.
Comments from readers regarding this bank and this savings account haven't been favorable. Many reported problems in the account opening, with customer service and with slow ACH transfers. Refer to this post for account details and this post for comments from readers.
The Bank is FDIC insured. Their safe and sound rating at Bankrate.com has gone down since June from 4 out of 5 stars (sound) to 3 out of 5 stars (performing).