High Interest Rates

AmTrustDirect just introduced a new e-Savings Account that has an introductory yield of 5.36% APY for the first 90 days. The 5.36% applies only to the first $100K. Balances over $100K earn 5% APY. After the first 90 days, the promotional rates will revert to the standard tiered rates. The minimum deposit to open and the minimum balance to earn interest is $1. This account must be funded with new money that’s not currently on deposit with AmTrustDirect.

Amtrust’s e-Money Market account has had competitive rates ever since it was launched in August 2006, so if these rates are any indication, the e-Savings Account may be one that you might keep for the long term.

Emigrant Direct’s online bank targeting the Hispanic/Spanish market, BancoFortuna.com continues to offer a yield of 5.05% APY on its online savings account. On the other hand, it’s parent Emigrant Direct lowered the yield on its savings account from 5.05% to 4.75% at end of September.

I used to bank with Emigrant Direct, but with better savings rates such as Washington Mutual’s 5.00% Savings Account I’ve long since moved my funds elsewhere. It might also be a good time to lock in a good CD rate since rates are generally being lowered.

Capital One Direct Banking is currently offering a rate of 5.00% APY* on their Capital One Direct Banking High Yield Money Market accounts. Capital One Direct Banking High Yield Money Market Account rates are historically among the best in the nation. The account offers hassle-free access to your money* and the security of FDIC insurance.

This account has no fees, and no minimum balance. There are four ways to make your initial deposit:check, wire, ACH, and internal transfer from an existing capital one account. This money market account is a great way for you to maintain some liquidity while earning a great rate on your money. Visit the Capital One Direct Banking High Yield Money Market Account Signup Page for more information.