Keep and eye on this bank for best interest rates service is friendly and inpectable

Sign up was painless, and completed very fast. Somewhat annoying that they do not allow for ACH transfers for initial deposits. Customer service has always been very fast responding to my emails (I’ve not called them yet). Their rates seem to be consistently high, so I don’t have to worry about shuffling my money all over the country to get good rates. Any transfers do take longer than seems otherwise normal, and the person below is right: transfers to external accounts do not always start right away. The good: internal transfers happen immediately, even when initially funding CDs, etc. They’re willing to fund from an internal account even before they get your signature card. All-in-all, I’ve been pretty pleased. The slow transfers, with their unpredictable start dates, are the only reason I give a 4 instead of 5 star review.

UmbrellaBank.com pays great. Has many varied options to place your money to suit you. Customer service online and via phone excellent. However, external transfers from your bank to Umbrella do not occur on the date scheduled, but some mystery date, that might be one day after scheduled date or might be as far out as five days, before they do the transfer. Makes it difficult to know when to schedule an external transfer. If you know you have money coming into your external bank account say on the first, you don’t know whether to schedule the external transfer for the first or one day early or five days earlier. I fear the first time I schedule an external transfer for even one day before the funds are in the external account, that will be the day they execute the transfer on the day scheduled. If it were not for this one very aggravating situation, I’d definitely give them 5 stars.

It’s fast to get to a live person. Everything available online. Honored a rate after the Fed dropped the rates recently. The only problem is they didn’t get my faxes and didn’t keep me updated on my account opening or cashing my deposit checks. I have to keep calling to find out.

Guys, I have online saving account with CW. So far so good with no problem. All deposits are FDIC insured, But I do have one question. If CW file for Bankkureptcy, FDIC would cover upto $100K. Would FDIC also cover interest earned on the depost up to the date of Bankkureptcy, or just the principle?

The only bank out of 25 that has refused to approve my account.

u can get better rates for 50k

Customer service is great and APY rates are decent enough. The minumum deposit is very high.

these guys have great CD rate bank offers, but their money market rates arent as hot