Saturday, July 10, 2004

High bank yields



Following are some of the highest nationwide yields on five types of accounts, according to the "100 Highest Yields" consumer-investor newsletter.

Accounts are federally insured up to $100,000 a person, including principal and interest. Yields are based upon method of compounding and interest rate on July 6 for the lowest minimum deposit available. CD figures are for fixed rates only.

Money Market Account

Virtual Bank, Palm Beach Gardens, Fla.2.15%
Bank of Internet USA, San Diego2.11%
ING DIRECT, Wilmington, Del.2.10%
UFB Direct, Irvine, Calif.2.10%
National InterBank, Indianapolis2.05%

6-Month CD

Corus Bank, Chicago2.16%
Ascencia Bank, Louisville2.15%
IndyMac Bank, FSB, Pasadena, Calif.2.15%
giantbank.com, Fort Lauderdale, Fla. 2.06%
New South Federal Savings, Birmingham, Ala.1.95%

1-Year CD

Corus Bank, Chicago2.78%
Ascencia Bank, Louisville2.75%
Bay Fin Savings Bank, Tampa, Fla.2.75%
IndyMac Bank, FSB, Pasadena, Calif.2.75%
Countrywide Bank, Alexandria, Va.2.70%

2.5-Year CD

Countrywide Bank, Alexandria, Va. 3.75%
Republic Bank & Trust Co., Louisville3.75%
Advanta Bank Corp., Draper, Utah3.66%
Intervest National Bank, New York3.60%
Beal Bank, Dallas 3.55%

5-Year CD

Capital One, FSB, McLean, Va.4.81%
Intervest National Bank, New York4.80%
Nova Savings Bank, Philadelphia4.75%
Countrywide Bank, Alexandria, Va.4.72%
Allied First Bank, Naperville, Ill.4.70%
Annual percentage yield for first year. Source: Bankrate.com, a publication of Bankrate, Inc., North Palm Beach, Fla. 33408; www.bankrate.com




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