Comments on: First Trade Union 3.20% Savings Account http://www.bankaholic.com/first-trade-union-320-savings-account/ Compare the Best CD (Certificate of Deposit) Rates, Highest Money Market Rates, Best Savings Accounts, Bank Deals, Interest Rates and Bank Reviews! Wed, 17 Mar 2010 16:56:01 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: walt http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-162511 walt Thu, 02 Apr 2009 21:14:44 +0000 http://www.bankaholic.com/?p=1199#comment-162511 I live in CA and I have this account. ACH transfers must originate at the other institution. We shall see if they drop the rate quickly once they have built up deposits, as many others (EverBank, DollarDirect, Capital1, WaMu) have. I live in CA and I have this account. ACH transfers must originate at the other institution. We shall see if they drop the rate quickly once they have built up deposits, as many others (EverBank, DollarDirect, Capital1, WaMu) have.

]]> By: al http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-161893 al Sat, 28 Mar 2009 00:24:08 +0000 http://www.bankaholic.com/?p=1199#comment-161893 there is no access to external accounts at this time. web states target for july,09. you must open checking acct. 10.00 and hopefully they will send checks, but haven't received them yet. transfer out at this time is only possible by mail or thru your linked checking acct.by check there is no access to external accounts at this time. web states target for july,09. you must open checking acct. 10.00 and hopefully they will send checks, but haven’t received them yet. transfer out at this time is only possible by mail or thru your linked checking acct.by check

]]> By: Len http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-161529 Len Tue, 24 Mar 2009 19:57:48 +0000 http://www.bankaholic.com/?p=1199#comment-161529 Just opened an account here and it's kind of cumbersome relative to other online savings accounts like E*Trade, HSBC, Dollar Savings, etc. Although you open the account online, you have to do all the followup including your initial deposit via snail mail. Now I'm trying to set up linked accounts to my main checking account at another bank so I can do transfers between accounts at external banks. There web site says this is an option that is doable, but it could be a show stopper if I can't do it. I'll update this info when all is said and done. Just opened an account here and it’s kind of cumbersome relative to other online savings accounts like E*Trade, HSBC, Dollar Savings, etc. Although you open the account online, you have to do all the followup including your initial deposit via snail mail. Now I’m trying to set up linked accounts to my main checking account at another bank so I can do transfers between accounts at external banks. There web site says this is an option that is doable, but it could be a show stopper if I can’t do it. I’ll update this info when all is said and done.

]]> By: Elliot http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-160333 Elliot Sun, 15 Mar 2009 19:28:38 +0000 http://www.bankaholic.com/?p=1199#comment-160333 The rate just got knocked down to 3.04 The rate just got knocked down to 3.04

]]> By: RateRunner http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-159636 RateRunner Tue, 10 Mar 2009 14:58:01 +0000 http://www.bankaholic.com/?p=1199#comment-159636 Bklyngrrl5: Great catch. The bank's Web site couldn't be more clear. Here's what it says: "We process applications for deposit accounts and loans only from those individuals residing in Massachusetts, Rhode Island, Connecticut, New York and Southern New Hampshire with a valid tax identification number. If you have any further questions, please contact us by email or by calling the Customer Care Center at 1-800-242-0272." But after I saw your comment I called customer care and they never heard of that restriction. We were told First Trade will take deposits from anywhere. I'll change the post to reflect that. Bklyngrrl5:

Great catch. The bank’s Web site couldn’t be more clear. Here’s what it says:

“We process applications for deposit accounts and loans only from those individuals residing in Massachusetts, Rhode Island, Connecticut, New York and Southern New Hampshire with a valid tax identification number. If you have any further questions, please contact us by email or by calling the Customer Care Center at 1-800-242-0272.”

But after I saw your comment I called customer care and they never heard of that restriction. We were told First Trade will take deposits from anywhere. I’ll change the post to reflect that.

]]> By: BloggingBanks http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-159600 BloggingBanks Tue, 10 Mar 2009 09:20:16 +0000 http://www.bankaholic.com/?p=1199#comment-159600 I would use extreme caution in opening new savings accounts which have high current yields. These are "teaser rates", which will most certainly be cut. Instead buy Certificates of deposit. I would use extreme caution in opening new savings accounts which have high current yields. These are “teaser rates”, which will most certainly be cut. Instead buy Certificates of deposit.

]]> By: bklyngrrl5 http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-159561 bklyngrrl5 Mon, 09 Mar 2009 17:43:41 +0000 http://www.bankaholic.com/?p=1199#comment-159561 Just called First Trade Union to inquire about limitations on out of state account holders. According to the rep., residents from ALL states can open an account. However, it is important to keep in mind that the 3.15% is subject to change at the bank's discretion. So you can open an account today to take advantage of the rate, and tomorrow, the bank could drop the rate to the market norm. But it is a great rate! Just called First Trade Union to inquire about limitations on out of state account holders. According to the rep., residents from ALL states can open an account. However, it is important to keep in mind that the 3.15% is subject to change at the bank’s discretion. So you can open an account today to take advantage of the rate, and tomorrow, the bank could drop the rate to the market norm.
But it is a great rate!

]]> By: 1uscs http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-159539 1uscs Mon, 09 Mar 2009 07:48:42 +0000 http://www.bankaholic.com/?p=1199#comment-159539 Here's a west coast bank to look at, Centennial Bank in Fountain Valley, Ca. A sample of their Variable Rate Savings Accounts list for example, 25-50K is 2.79 percent, 50-100K is 3.05 percent and over 100K is 3.3 percent. I just left DollarSavingsDirect as their rate went down to 2.25 percent and am considering Centennial Bank. Here’s a west coast bank to look at, Centennial Bank in Fountain Valley, Ca. A sample of their Variable Rate Savings Accounts list for example, 25-50K is 2.79 percent, 50-100K is 3.05 percent and over 100K is 3.3 percent. I just left DollarSavingsDirect as their rate went down to 2.25 percent and am considering Centennial Bank.

]]> By: dealster81 http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-159520 dealster81 Sun, 08 Mar 2009 18:49:45 +0000 http://www.bankaholic.com/?p=1199#comment-159520 Good deal, too bad it's not nationwide. Good deal, too bad it’s not nationwide.

]]> By: BankVibe http://www.bankaholic.com/first-trade-union-320-savings-account/comment-page-1/#comment-159488 BankVibe Sun, 08 Mar 2009 03:23:07 +0000 http://www.bankaholic.com/?p=1199#comment-159488 This is a sweet deal. Way better than the current online savings account offers. Anyone know of any similar yields on the west coast? This is a sweet deal. Way better than the current online savings account offers. Anyone know of any similar yields on the west coast?

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