Capital One introduced their new Clear Interest Business Checking account, which earns 1.10% APY on balances between $10,000 and $100,000 for the first 12 months and 0.05% to 0.50% APY on other balances. In order to qualify for these rates, the account must be opened by 11.02.2011 and 25 monthly transactions must be made. Click here for more information.
SunTrust Bank is offering a special CD package which includes a 44-month and 64-month CD. Both CDs earn 2.10% APY on balances between $2,000 and $1,000,000. Customers must open both CDs together and split the balance equally between the two CDs in the package. To be eligible, customers must have an existing SunTrust checking account. Click here for more information.
Citizens Financial Group announced that its TruFit Student Loan product is now available with a new fixed rate. There are no origination fees associated with the loan and interest rates are as low as 6.75% APR. Students have three repayment choices: immediate, interest-only, or deferred until six months after graduation. In addition, a 0.50% rate reduction is available for automatic payment from any eligible Citizens Bank/Charter One account. Click here for more information.
Florida Commerce Credit Union members who refer a friend or family member to open a mortgage loan online with Florida Commerce will be automatically entered to win one month of their mortgage (or rent) paid by the credit union. Applications must be submitted online and the mortgage must close by 09.30.2011 to be eligible. The referral must be made to a non-member. Click here for more information.
SunTrust Bank introduced an interest-bearing business checking account for corporations called Analyzed Interest Checking. Balances maintained in this account earn an earnings credit rate that can help reduce or eliminate service charges. If balances maintained in the account exceed what is needed to offset fees, interest is earned on those excessive balances. The release of this commercial checking account is in response to the repeal of Regulation Q which went into effect on 07.21.2011. Click here for more information.
Bank of Internet USA introduced their new Rewards Checking Account, which has a $100 minimum opening deposit. The account can earn an APY of up to 1.25%, 0.3125% for each qualifying action. To receive the full APY, customers must make a direct deposit of at least $1,000 per month, pay two bills a month using online banking, and use their debit card at least six times per month. The account will not earn interest if none of the qualifications are met. Click here for more information.