Comments For: New High-Yield Online Savings Account at Bank of American Fork - Nationally Available

Update 9/05/09: Rate for balances of $1K to $250K has fallen from 1.75% to 1.60% APY. Over $250K, the rate has fallen from 1.80% to 1.70% APY.Bank of American Fork has started an online savings account called SaveSmart Direct. The rates are fairly...

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Anonymous - #1, Monday, May 11, 2009 - 10:39 PM CT

Sorry, but the name, terms, and rates just plain suck!

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Anonymous - #2, Monday, May 11, 2009 - 11:16 PM CT

Since when 2% interest is called HIGH YIELD?
What do you call interest of 4% or 6%?
To me 2% is an insult and I would not even read the rest of the story (article) !!!!

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Anonymous - #3, Tuesday, May 12, 2009 - 12:02 AM CT

You guys are just plain tacky. If you know where there's a nationally available savings account paying 4% or 6% -- tell us!

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Anonymous - #4, Tuesday, May 12, 2009 - 9:44 AM CT

I refuse to deal with a bank with such low limits on ACH service.

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Anonymous - #5, Tuesday, May 12, 2009 - 10:40 AM CT

Hmmm, reading the FAQ I find that you cannot initially fund the account by online ACH; must be "wire transfer" (which they note might cost you) or credit card. Once you have initial funding (which can be for very small amount), THEN you have access to online ACH transfers.

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Anonymous - #6, Tuesday, May 12, 2009 - 12:43 PM CT

This bank is nothing more than a cruel joke, stay away!

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Anonymous - #7, Tuesday, May 12, 2009 - 12:45 PM CT

This is for you wacky tacky, there have been two recent accounts paying 3% and 3.25%, is that close enough?

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Anonymous - #8, Tuesday, May 12, 2009 - 3:04 PM CT

Unless you have over $250,000 in the bank, their rates are lower than GMAC. Why bother!

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Banking Guy - #9, Tuesday, May 12, 2009 - 5:58 PM CT

@ Anonymous 8:40 AM, May 12, 2009

You're right about that FAQ being confusing. I forwarded your question, and they updated the FAQ removing the info on the wire transfer. For a new customer, you can either fund it with an ACH or a credit card.

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Anonymous - #10, Tuesday, May 12, 2009 - 6:20 PM CT

No forking way with this bank!

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Anonymous - #11, Thursday, May 14, 2009 - 10:17 AM CT

I am not seeing anything outside of term based CDs and high-yield checking account with all sorts of requirement in 3-4% area. This seems pretty solid if you need a home for more than a $1,000. Have you seen ING and Emigrants rates? I cried when I looked at my last statement.

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Comments For: New High-Yield Online Savings Account at Bank of American Fork - Nationally Available

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