eLoan.com is another institution to start offering high yield savings accounts. The savings account offers 5.50% APY on balances over $5,000, and the CD rate for 6 months is 5.60%. The frequently asked questions are here.
Notice that eLoan account does not allow externally originated withdrawals, which means you cannot pay credit cards with it. You can only link one bank account at a time, and you cannot change linked accounts more than 4 times a year. The account allows unlimited deposits, but a maximum of 6 withdrawals per month. The money is FDIC-insured.
I want
information on a
5 year CD
I am looking to place $100k in an irrevocable trust account (for which I am the trustee) for 2 or 3 years for a good rate and receive direct deposit interest monthly in my Charles Schwab account