Saturday, September 4, 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. 31 for the lowest minimum deposit available. CD figures are for fixed rates only.
Money Market Account
| ING Direct, Wilmington, Del. | 2.20% | | UFB Direct, Irvine, Calif. | 2.15% | | Virtual Bank, Palm Beach Gardens, Fla. | 2.15% | | giantbank.com, Fort Lauderdale, Fla. | 2.13% | | GMAC Bank, Greenville, Del. | 2.11% |
6-Month CD
| Corus Bank, Chicago | 2.41% | | New South Federal Savings, Birmingham, Ala. | 2.36% | | Ascencia Bank, Louisville | 2.36% | | Nexity Bank, Birmingham, Ala. | 2.36% | | Bank of Internet USA, San Diego | 2.35% |
1-Year CD
| Corus Bank, Chicago | 2.88% | | New South Federal Savings, Birmingham, Ala. | 2.85% | | Providian National Bank, Tilton, N.H. | 2.85% | | Bank of Internet USA, San Diego | 2.82% | | Nexity Bank, Birmingham, Ala. | 2.82% |
2.5-Year CD
| Providian National Bank, Tilton, N.H. | 3.66% | | Countrywide Bank, Alexandria, Va. | 3.62% | | Advanta Bank Corp., Draper, Utah | 3.60% | | Bay Financial Savings Bank, Tampa, Fla. | 3.50% | | Intervest National Bank, New York | 3.50% |
5-Year CD
| Capital One, FSB, McLean, Va. | 4.70% | | Intervest National Bank, New York | 4.65% | | Advanta Bank Corp., Draper, Utah | 4.60% | | Providian National Bank, Tilton, N.H. | 4.55% | | 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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