bank rates

Umbrella Bank 5.67% APY Internet 1-Year CD

Umbrella Bank has an online 12-month CD account that pays 5.67% APY. That rate is pretty high, in my opinion, so check out their online banking information.

The Umbrella Bank, an Internet Bank, is a subsidiary of New South Federal Savings. As a member of the Collateral Family of Companies, the New South Federal Savings Bank has been in business for eighty years. The Umbrella Bank offers diversified investment options, is available all day every day, and is pleased to offer convenient banking options for their customers. The Federal Deposit Insurance Corporation insures deposits at the Umbrella Bank and the institution offers secure online transactions. All transaction are transmitted over a 128-bit encrypted server and the Umbrella Bank relies on firewalls, filtering routers, as well as password entry to keep personal information protected.

The New South Federal Savings Bank is a private company that is a chartered institution; New South Federal currently manages forty loan offices situated in thirteen different states, and a full-service deposit branch in Alabama. Governed by the Office of Thrift Supervision, all deposits are FDIC insured. The Umbrella Bank has an FDIC certificate number: 32276. Umbrella Bank makes it easy for consumers to immediately access bank statements, view checking account statements and review bill payments. Automatic bill payment options are also available. Along with checking accounts and savings accounts, Umbrella Bank offers retirement account options, credit cards, loans and more. Umbrella Bank offers competitive interest rates on interest baring accounts. For those interested in opening new accounts at the Umbrella Bank, all new customers are required to conform to the USA Patriot Act, Section 326 by supplying Umbrella Bank with specific identification information.

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