Dedicated to Deposits: Deals, Data, and Discussion

4.00% Savings Account Guaranteed Until Jan 2009 at a Florida Bank (US Century)


US Century Bank has a nice savings account promotion in which they'll guarantee 4.00% APY for any balances through January 1, 2009. The minimum opening balance is $500. You have to open either their Century Gold Savings or a Century Gold Money Market Account.

In the small print it states that the promotional offer is only available to new accounts and new balances opened after May 19th. There is a maintenance fee of $10 per month if the balance falls below $500. The accounts have the typical savings account withdrawal limit of 6 per month (or 3 by check).

This appears likely to require a branch visit. Branches are located in South Florida in the cities of Miami, Aventura, Coral Gables, Hialeah, Key Biscayne and Hollywood. The bank has been FDIC insured since 2002 (Certificate # 57369).

Thanks to the reader who sent me email on this deal.

  Tags: savings account, Florida

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Comment #1 by Anonymous posted on
I just went into a branch to open an account, however, I changed my mind after I was told that they do hard credit pulls from at least two credit bureaus, there is no ACH system in place, no free checks, long hold on deposits and all kinds of hidden fees.
I walked out and did not open the account. Not worthed for 4% going through all that trouble.