![]() ![]() You can do this with a one-time $5 donation to the Connexus Association, which provides scholarships and financial education.ĮverBank Yield Pledge® Money Market * The information for the EverBank Yield Pledge® Money Market has been collected independently by Blueprint. If this isn’t a problem and you find the yields attractive, your first step is to join the credit union. If you go over the limited withdrawals, you’ll pay a $6 fee for each extra transaction. You’re allowed unlimited deposits, but only four free withdrawals per month, which have to be done by check or transfer as the account doesn’t come with a debit or ATM card. ![]() ![]() Balances below $999.99 don’t earn an APY. While you don’t need to maintain a minimum balance to keep this account open, you do need at least $1,000 as an opening deposit, and you’ll only earn interest if you maintain you have at least $1,000 in deposits.Ĭonnexus has a tiered yield system based on your level of deposits: You’ll get 0.25% APY with $1,000 to $19,999.99 3.01% APY with $20,000 to $99,999.99 3.76% APY with $100,000 to $249,999.99 4.01% APY with $250,000 to $499,999.99 4.26% APY with $500,000 to $999,999.99 and 4.51% APY with $1 million and over. There’s also a list of service fees that includes: $5 debit card replacement $8 for a cashier’s check $35 for non-sufficient funds $10 for an incoming domestic wire transfer ($35 for outgoing) $15 for incoming international wire transfers ($45 for outgoing). Currently, there isn’t a limit to the number of transactions you can make, but First Foundation’s fee schedule shows that excess withdrawals used to cost $20 per transaction. ![]() Of course, you can use your debit card and checks to purchase things directly in addition to withdrawing cash. The bank reimburses ATM fees up to $20 per transaction with no monthly limit. Once you have money in your new account, you can access it through any ATM. So if you have checking or savings accounts with this bank already, you can’t transfer cash from those accounts to fund this one. With a $1,000 minimum opening deposit, you can earn 5.25% APY at First Foundation, though you’ll need to use “new money” to fund the account, which means the money has to come from a source other than a First Foundation account. If you go outside the ATM network, the bank will reimburse you up to $15 a month or, potentially, an unlimited amount if you have an average daily balance of at least $5,000. Whether you are able to nab that high rate or not, you won’t pay a fee to TIAA for overdrafts, non-sufficient funds, online bill pay, account maintenance or ATM use. This is where the account’s name “yield pledge” comes from. TIAA Bank promises that whatever your yield is, it will be competitive, staying in the top 5% of U.S. Those with balances under $10,000 earn the lowest rate, while you’ll receive 3.75% on deposits between $10,000 and $24,999, 3.75% on balances between $25,000 and $49,999, 4.05% on balances between $50,000 and $99,999 and the top rate on balances of $100,000 and above. If you don’t qualify, you’ll still earn between 3.75% and 4.15%, depending on your balance. It’s unusual for banks to guarantee a rate on a liquid account, which makes this a competitive offer. If you do qualify, that yield is guaranteed to not fall during the one year period (although it could go up) and it applies to balances up to $250,000. Only people new to saving accounts at TIAA Bank can qualify and it only lasts for one year. The 4.75% APY here may catch your eye, but it comes with some stipulations. ![]()
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