Wyoming Banking Rates and News

BankOn is one of the rare internet banks that's limited to only certain states. My first review of BankOn was in October 2009 when the savings account was paying 2.05%. The yield held up well until last September when it fell to 1.15% APY where it remains as of 2/25/2011. This yield still is disappointing, but it's getting more competitive as others cut rates.

One nice small perk with BankOn that's still around is a sign-up bonus of $25 when you open the savings account. There doesn't seem to be any additional requirements to...

With the news that Alliant Credit Union will be lowering its savings account yield from 1.50% to 1.35% in September, more people may be interested in BankOn. I first reported on BankOn in October 2009. Since then it has maintained a very competitive rate on its Money Market Savings Account. It's currently 1.60% APY as of 8/25/2010, and this rate has been maintained since April.

Unfortunately, BankOn isn't available nationwide. It's one of the rare internet accounts that is limited to only certain states: Colorado, Kansas, Missouri, Nebraska and Wyoming.

Another downside is the...

Update 5/12/2011: This Bank of the West promotion has ended. The latest iPod touch promotion is being offered by KeyBank. Please refer to this iPod touch bonus post for more details.

Bank of the West just came out with another checking account promotion. I just posted on their $100 checking account bonus on Sunday. They're now offering a free Apple iPod touch when you open one of their checking accounts, and complete a few requirements. Here's the promotions page (now inactive). It's also listed on the bank's front page. The offer is scheduled to last until...

UniWyo Federal Credit Union is offering two competitive CD specials: 2.01% APY 13-month CD and 2.62% APY 37-month CD. Minimum deposit is only $250. These rates are listed at the credit union's rates page as of 5/16/2010.

Above the rate table it states the following:

Rate changes are published every Tuesday, unless the Federal Reserve is closed on Monday. In that case, the rates are published on Wednesday. The rates may change after an account is opened. A penalty may be imposed for early withdrawal.

I'm not sure what they mean by "rates may change after the...

Update 9/14/10: The rate has fallen to 1.15% APY. The bonus is now $25.

Pinnacle Bank of Nebraska has launched an internet bank called BankOn. The internet bank has a no-minimum online savings account with a 2.05% APY as of 10/12/09. Unfortunately, it's not a nationwide deal. When you select the Apply Now button, the first page of the application states that they are only accepting online applications from Colorado, Kansas, Missouri, Nebraska and Wyoming residents. It looks like a good deal for residents of those states.

You are required to open BOTH the checking account and...

Update 7/29/10: The rate has fallen to 3.65% APY. Refer to the bottom of the post for the rate history.

UniWyo FCU is offering a reward checking account called Xtraordinary Checking. The account has the following rates if certain monthly requirements are met:

• 3.65% APY on balances up to $25,000
• 0.15% on portion of balances above $25,000
• 0.15% base rate if qualifications are not met

The monthly requirements include:

• 10 debit card purchases
• One direct deposit
• Aggregate deposit/loan balance of $5,000 or more
• Receive electronic statements

Additional features of the account regardless of the monthly requirements include:

• No minimum balance requirement
• No monthly service charge
• $5 minimum balance in...

• 3.01% APY on balances up to $25,000
• 1.01% APY on portion of balance over $25,000
• 0.20% base rate if monthly requirements are not met
• Refunds ATM fees up to $25 per cycle

• 10 debit card purchases
• 1 direct deposit or ACH auto debit
• Receive e-statements

• No minimum initial deposit
• No minimum balance requirement
• No monthly service...

• 10 VISA check card purchases
• one direct deposit or ACH (auto debit)
• access monthly statements online