5.13 % Yield on Online Savings Offered by Broadway Federal Bank in All States
Broadway Federal Bank consumers may take advantage of an anniversary special offer for savings account with a yield of 5.13% APY and a rate of 5%. The promo is only available through its online facilities and requires a minimum deposit of $1000.
Bank representatives clarify that the special rates can be enjoyed by anyone from any state. The rates may also be changed any time so it will be best to call the bank to verify the prevailing rates.
The anniversary special savings account does not require a checking account and does not impose a deposit ceiling. After the online application, ACH funding of the account can be done.
Broadway Federal Bank has several branches located in Los Angeles and Inglewood in California. The bank has declared assets of $390.6 million and deposits amounting to $256.9 million. It is insured with the FDIC with certificate # 30306.
BauerFinancial issues 3.5 stars while Bankrate.com gave 4 stars according to their June 2008 data.
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