Saturday, August 7, 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 an institution's compounding method and interest rate on Aug. 3 for the lowest minimum deposit available. CD figures are for fixed rates only.
Money Market Account
| Virtual Bank, Palm Beach Gardens, Fla. | 2.15% | | UFB Direct, Irvine, Calif. | 2.12% | | Bank of Internet USA, San Diego | 2.11% | | ING DIRECT, Wilmington, Del. | 2.10% | | National InterBank Inc., Indianapolis | 2.05% |
6-Month CD
| Corus Bank, Chicago | 2.36% | | Ascencia Bank, Louisville | 2.36% | | IndyMac Bank, FSB, Pasadena, Calif. | 2.35% | | Bank of Internet USA, San Diego | 2.30% | | Imperial Capital Bank, LaJolla, Calif. | 2.27% |
1-Year CD
| Corus Bank, Chicago | 2.83% | | Ascencia Bank, Louisville | 2.80% | | Bank of Internet USA, San Diego | 2.80% | | giantbank.com, Fort Lauderdale, Fla. | 2.80% | | Capital One, FSB, McLean, Va. | 2.80% |
2.5-Year CD
| Republic Bank & Trust Co., Louisville | 3.75% | | Countrywide Bank, Alexandria, Va. | 3.67% | | Intervest National Bank, New York | 3.60% | | Advanta Bank Corp., Draper, Utah | 3.60% | | Beal Bank, Dallas | 3.55% |
5-Year CD
| Intervest National Bank, New York | 4.80% | | Capital One, FSB, McLean, Va. | 4.70% | | Advanta Bank Corp., Draper, Utah | 4.70% | | Countrywide Bank, Alexandria, Va. | 4.62% | | MBNA America Bank, Wilmington, Del. | 4.60% | Annual percentage yield for first year. Source: Bankrate.com, a publication of Bankrate, Inc., North Palm Beach, Fla. 33408; www.bankrate.com
BUSINESS HEADLINES
International dialing scam making rounds
'Lance effect' powers bike sales
Lock users hope repairs go smoothly
Regulators look into old job; CFO on leave
Peoples' earnings down 22 percent
Tristate summary
Job woes tug market lower
Business digest
MONEY
Irrevocable life trust needs savvy consultant
Best-performing mutual funds
Rate Report
High bank yields
|