bank rates

Intervest National 2.60% Savings Account

Here’s an alternative to short-term certificates of deposit that are averaging just over 1% these days.

Park your money in an Intervest National Bank savings account that’s paying 2.60% APY. (You’ll also find some pretty good CD rates if you check out this rate sheet.)

Intervest is primarily an online bank, with one walk-in branch in New York City, and earns two out of five stars from Bankrate’s “Safe & Sound” rating system.

Although you can open an account with as little as $100, you don’t want to do that because Intervest charges a $12 monthly maintenance fee if you don’t maintain a minimum daily balance of $500.

(Just to be clear about something: We scour the Web for these deals, and take full advantage of the great tips we get from users like you. Some blogs are paid to promote products, and include hyperlinks to commercial sites, in their posts. We’re not one of them. You can’t buy a shout out on Bankaholic.)

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Comments (7)
1 Star2 Stars3 Stars4 Stars5 Stars (8 votes, average: 3.75 out of 5)
7 Existing Comments
  1. Magnus said:
    on March 10th at 10:21 am

    Here’s the problem, there are better options out there. What is this bank doing different then say GMACBank. Make me want to put my money in your bank.

  2. Vincent said:
    on March 10th at 04:37 pm

    Is this 2.60% rate net or do you have to pay taxes on this?
    In France rates are 3% net.

  3. MarketWatch said:
    on March 11th at 02:19 am

    Umm you’re sorta getting paid indirectly when you post these sub-par rates offered by Intervest, Corus, etc etc because they are all banks in the bankrate network….and bankaholic is now a bankrate property

  4. BloggingBanks said:
    on March 11th at 03:45 am

    I am Sorry Johns, but under “Popular Deals” you do include hyperlinks to commercial sites. Actually if yu didn’t your site would’t have been making any money 🙂

  5. DealMaven said:
    on March 11th at 10:01 am

    MarketWatch: You’re killing me. These aren’t “sub-par rates.” They’re well above average and as good as you’ll find. I wish the Fed wasn’t hurting savers by driving interest rates to such ridiculous levels, terrible levels, but it is. If you know of better deals, let me know and we’ll post ’em. Oh, and we still pick these deals based on the best ones we find. You can’t buy these posts.

  6. DealMaven said:
    on March 11th at 10:05 am

    Oh, and Vincent. The interest rate is what you earn before taxes — not after taxes. The interest you earn must be reported as interest income and is subject to income taxes.

  7. Tell me why said:
    on March 14th at 01:00 am

    I am tired of moving from Bank To Bank seduced like a drunken sailor by a cheap hooker! I will not move my money anywhere but the mattress where I sleep.