5.00% APY is here

BankUnited now offers 5.00% APY for accounts with more than $5,000 in balance. Currently CitiBank Direct is at 4.75%, HSBC Direct is at 4.65%, Emigrant Direct is at 4.50%.

Posted Saturday, May 20th, 2006 under Money.

3 comments

  1. Ted Drake says:
    5/21/2006 at 7:13 am

    should I get a new credit card, like your previous post, take out five grand and deposit it with Bank United?

  2. Alex says:
    5/21/2006 at 1:04 pm

    I think the cash advance fees (generally round 5-15% of the amount) will take away any profits earned by the Bank United.

  3. James says:
    6/3/2006 at 10:48 pm

    anyone of you here have an emmigrant direct bank account?

    it says here http://www.moneysavingfreetips.com/emmigrant-bank.html “However, if you put that same $15000 into an Emmigrant Direct Savings account yielding 4.65% interest, you will have made $675 in a 1 year period. Therefore, $675 – $75 = $600 more with the Emmigrant Bank Savings account!”

    is 4.65% too good to be true? how do i open such an account?

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