Bank Deals Blog: Savings & MMA Deals

To quote DA reader, redwilli1, “Has anyone heard of BrioDirect HYS 2.46% APY?”

BrioDirect, the new online division of Sterling National Bank, has unveiled its product line, which consists of a savings account and two short-term CDs. While not offering outstanding rates, the High-Yield Savings (2.46% APY), 9-month CD (2.30% APY), and 12-month CD (2.60% APY) are nonetheless competitive.

High-Yield Savings

• 2.46%...

It’s been more than two years since Amboy Direct offered anything blog worthy. The New Jersey-based internet bank recently introduced the Jersey First eSavings account, which looked competitive at first glance: 2.50% APY, guaranteed for one year. Great –...

The Kasasa brand is part of Buckeye State Bank’s (BSB) product line, including a Free Kasasa Cash Checking account that earns 3.00% APY on qualifying balances up to $15k. Qualifying balances greater than $15k earn 0.25% APY, with non-qualifying balances earning 0.02% APY.

Qualification Requirements

• At least 12 monthly debit card purchases.
• Enrolled in online banking and at least one login per month.

The Kasasa Cash account has no minimum balance requirement...

Consumers Credit Union (Consumers CU) has unveiled the Splish Splash Savings account, which earns a “cool” 2.25% APY on balances between $2.5k and $250k. The 2.25% APY is guaranteed for one year following account opening, contingent on maintaining a minimum balance of $2.5k and a maximum balance of $250k. The minimum opening...

Betterment is the latest investment company to offer a high-yield savings account. In June, I wrote about the investment company Wealthfront and their high-yield savings account, what they call their FDIC-insured Cash Account. Last month Betterment introduced the Betterment Everyday Savings. Like the Wealthfront account, the Betterment Everyday Savings is technically not a savings account. It is a cash management account in which deposits are swept into FDIC-insured accounts at program banks.

Betterment is not a bank. It’s an investment...

As DA reader, IvoryMale, noted in a Forum post yesterday, Popular Direct has unveiled yet another savings account, the Ultimate Savings Account, which currently earns 2.55% APY. The minimum opening deposit is $5k, although the minimum balance to earn the stated APY is only $0.01.

Popular Direct has a history of creating a new savings account with a higher rate to attract new customers and/or new money, leaving...

Formally known as Barrington Bank & Trust Company, N. A., Barrington Bank is offering a limited-time special rate of 2.25% APY on its Statement Savings, which is guaranteed for 12 months following account opening. The minimum opening deposit is $1k of new money.

The fine print on the Rate Sheet reads,

When I asked the Barrington Bank Private Banker what exactly “certain instances” entailed, I...

For the last eight months, Hanscom Federal Credit Union (Hanscom FCU) has been offering 3.00% APY on its 19-month CD Special. As rates have declined lately, the 19-month CD Special had become more competitive, rising from seventh place in the January CD Rates Summary to the top spot beginning in late May. Following last week’s rate drop to 2.75% APY, the 19-month CD Special...

Goldman Sachs Bank USA (Marcus) has recently launched a new savings account promotion which allows you to earn up to $500. It’s similar to their March promotion, but this one allows you to earn a lot more. The only mention of this promotion is on this Marcus landing page, which has the following promotion summary:

With interest rates starting to fall, bonuses might become a...