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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, Chicago2.41%
New South Federal Savings, Birmingham, Ala.2.36%
Ascencia Bank, Louisville2.36%
Nexity Bank, Birmingham, Ala.2.36%
Bank of Internet USA, San Diego2.35%

1-Year CD

Corus Bank, Chicago2.88%
New South Federal Savings, Birmingham, Ala.2.85%
Providian National Bank, Tilton, N.H.2.85%
Bank of Internet USA, San Diego2.82%
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, Utah3.60%
Bay Financial Savings Bank, Tampa, Fla.3.50%
Intervest National Bank, New York3.50%

5-Year CD

Capital One, FSB, McLean, Va.4.70%
Intervest National Bank, New York4.65%
Advanta Bank Corp., Draper, Utah4.60%
Providian National Bank, Tilton, N.H.4.55%
First Internet Bank of Indiana, Indianapolis4.54%
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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