Dedicated to Deposits: Deals, Data, and Discussion

3.70% Savings Account Promotion at Imperial Capital Bank

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Imperial Capital Bank has started a savings account promotion with a yield of up to 3.75% APY guaranteed through 8/10/2008. Unlike Imperial Capital's iMoney Market Account, this savings account seems to only be an in-branch product. The 3.75% APY applies to branches in Baltimore, MD and Las Vegas, NV. A lower yield of 3.70% APY applies to its California branches (see branch location page).

Opening minimum deposit and minimum balance to earn interest for this savings account is $1,000. There are no maintenance fees. One nice perk is that 6 foreign ATM usage and surcharge fees are waived each month.

The savings account promotions have picked up since HSBC Direct came out with its promo last week. See my weekly summary for discussions and links to the HSBC promo and other savings account promos.

For those who don't live near Imperial Capital branches, their iMoney Market Account has maintained competitive rates (currently ranging from 3% to 3.65% APY). Also, its internet CDs (iCDs) have some competitive rates on short terms. These include a 3.30% APY 3-month, 3.50% APY 6-month, 3.70% APY 9-month and 3.75% APY 12-month.

Imperial Capital Bank has been FDIC insured since 1985 (FDIC Certificate # 26348).

Thanks to the reader who mentioned this special in the finding-the-best-deals post.

  Tags: Nevada, California, Maryland, savings account

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