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Saturday, August 21, 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. 17 for the lowest minimum deposit available. CD figures are for fixed rates only.

Money Market Account

ING Direct, Wilmington, Del.2.20%
Virtual Bank, Palm Beach Gardens, Fla. 2.15%
Giantbank.com, Fort Lauderdale, Fla.2.13%
UFB Direct, Irvine, Calif.2.12%
Bank of Internet USA, San Diego2.11%

6-Month CD

Corus Bank, Chicago2.41%
Ascencia Bank, Louisville2.36%
IndyMac Bank, FSB, Pasadena, Calif.2.35%
Bank of Internet USA, San Diego2.35%
Nexity Bank, Birmingham, Ala.2.33%

1-Year CD

Corus Bank, Chicago 2.88%
Ascencia Bank, Louisville2.84%
Bank of Internet USA, San Diego2.82%
Nexity Bank, Birmingham, Ala.2.82%
Countywide Bank, Alexandria, Va.2.81%

2.5-Year CD

Countrywide Bank, Alexandria, Va.3.62%
Intervest National Bank, New York3.60%
Advanta Bank Corp., Draper, Utah3.60%
Beal Bank, Dallas3.55%
Capital One, FSB, McLean, Va.3.55%

5-Year CD

Capital One, FSB, McLean, Va. 4.85%
Intervest National Bank, New York4.75%
MBNA America Bank, Wilmington, Del.4.60%
Allied First Bank, Naperville, Ill.4.60%
Advanta Bank Corp., Draper, Utah4.60%
Annual percentage yield for first year. Source: Bankrate.com, a publication of Bankrate, Inc., North Palm Beach, FF 33408; www.bankrate.com




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