The major credit card companies have succumbed to public pressure and stopped taking a cut of some donations earmarked for Haiti disaster relief.
But they’re only waiving the usual 3% transaction fee for a few specific charities, and only for the next few weeks.
We think it’s way past time for the credit cards to permanently abolish [...]
« Archive for the ‘Money Market Rates’ Category
Credit Cards Should Drop Fee On Donations
January 19, 2010 04:32 PM
Top MMAs Still Paying 2.00% APY
January 8, 2010 08:45 AM
2.00%? You may be thinking, wait a minute, I’ve seen better offers than that.
If you read the fine print though, you’ll find those ads are touting teaser rates designed to lure you and your money into the bank.
EverBank, for example, promotes the 2.25% APY it pays on money market accounts — for the first three [...]
Bashed Banks Have Best MMA Rates Again
September 15, 2009 09:00 AM
If you want to take advantage of the best money market rates you’ll have to give three online banks that have been thoroughly trashed by our readers another chance.
AmericaNet, Redneck and Evantage banks are all paying 2.0% APY on their “Mega Money Market” accounts.
That’s the best, nationally-available rate since EverBank cut the yields on [...]
EverBank 2.15% APY Money Market
July 17, 2009 07:43 AM
EverBank, based in Jacksonville, Fla., upped its introductory offer on money market accounts to 3.01% from 2.50% in June.
This move puts its yield for the first year only at 2.15% — the top MMA yield available. This rate applies to Yield Pledge Money Market Accounts with balances up to $50,000.
The 1.85% APY, which is [...]
EBSBDirect 2.81% Money Market Account
May 16, 2009 10:00 AM
The online division of East Boston Savings Bank, is paying a whopping 2.81% APY on its money market account.
That’s more than twice the national average of 1.36% for MMAs, and a whopping six-tenths of a point more than the best money market accounts were paying in our last survey.
The catch?
That rate is only [...]
Where To Find The Best MMA Rates
May 6, 2009 12:06 PM
You can still earn 2.25% APY from the top-paying money market accounts available nationwide.
That’s what the average 5-year certificate of deposit is paying, and far more than the so-called “high-yield” accounts other banks are promoting.
You’ll find those top-paying MMAs at:
GMAC Bank with no minimum deposit or balance.
AmTrust Direct, the online division of AmTrust Bank [...]
Redneck Bank 3.10% MMA
March 27, 2009 10:59 AM
A smart reader noted that Redneck Bank is paying 3.10% on its money market account.
And that’s true.
It’s owned by Todd and Wade Huckabay, two brothers from a family with a long history in Oklahoma banking and rare sense of humor for the financial industry.
The Huckabays control Bank of the Wichitas — and its [...]
Colonial Bank 3.00% 24-month CD
March 21, 2009 10:39 AM
Here’s a low-tech deal for you.
Colonial Bank is selling a 24-month certificate of deposit with just a $500 minimum deposit.
That’s almost twice the national average for 2-year CDs and is one of the best offers you’ll find right now.
But you can’t apply online.
You have to buy the CD in person at one of [...]
AmericaNet Changes Checking, MMA Rules
March 20, 2009 11:08 AM
AmericaNet Bank is still offering exceptional interest rates on checking accounts and money market accounts.
But the Oklahoma-based bank is changing the maximum amount on which it will pay top rates for both types of accounts.
For its Rewards Checking account, the limit is going down.
Instead of paying 5.25% on the first $25,000, it [...]