For the grand opening of i-bank’s downtown Memphis branch, i-bank is offering 1.50% APY on new interest checking and savings accounts. To receive this rate, customers must open their accounts with minimum deposits of $1,000 in new money. This rate is guaranteed through 08.01.2012. In addition, all customers who stop by any branch by 04.14.2012 will be eligible to win weekly prize packages including iPad 3s, $2,500 bike packages, and a biking trip to France (or $15,000 cash). 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.
Mission Federal Credit Union is celebrating 50 years by offering members a 5-month member appreciation CD at 5.00% APY on a $2,000 deposit through 05.28.2011. Click here for more information.
Service Credit Union is promoting its Warrior Savings account to active military members who are assigned to combat areas. The account pays 10% APY on balances up to $10,000 in new money. The account must be opened with a minimum of $5 and requires direct deposit and monthly e-statements. The account will stop accruing dividends per redeployment orders plus 120 days. Click here for more information.
Although national averages are continuing to drop, there are still 24-month CD rates on $25,000 as high as 2.53% APY. Click here for more information.
Huntington Bank is currently promoting a 28-month CD special at 1.76% APY. According to Informa's Interest Rate Review, this is more than double the average APY for a 24-month CD being offered at any of the top 50 banks. Click here for more information.