Saturday, August 28, 2004
High bank yields
The Enquirer
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. 24 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% | | GMAC Bank, Greenville, Del. | 2.11% |
6-Month CD
| Corus Bank, Chicago | 2.41% | | Ascencia Bank, Louisville | 2.36% | | Nexity Bank, Birmingham, Ala. | 2.36% | | Bank of Internet USA, San Diego | 2.35% | | IndyMac Bank, FSB, Pasadena, Calif. | 2.35% |
1-Year CD
| Corus Bank, Chicago | 2.88% | | Bank of Internet USA, San Diego | 2.82% | | Nexity Bank, Birmingham, Ala. | 2.82% | | Countrywide Bank, Alexandria, Va. | 2.81% | | Allied First Bank, Naperville, Ill. | 2.80% |
2.5-Year CD
| Countrywide Bank, Alexandria, Va. | 3.62% | | Advanta Bank Corp., Draper, Utah | 3.60% | | Intervest National Bank, New York | 3.55% | | Bay Financial Savings Bank, Tampa, Fla. | 3.50% | | Capital One, FSB, McLean, Va. | 3.50% |
5-Year CD
| Capital One, FSB, McLean, Va. | 4.80% | | Intervest National Bank, New York | 4.71% | | MBNA America Bank, Wilmington, Del. | 4.60% | | Advanta Bank Corp., Draper, Utah | 4.60% | | First Internet Bank of Indiana, Indianapolis | 4.54% | 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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High bank yields
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