Best savings account with Amboy Direct gives $50 Bonus
Amboy Direct still continues to give out $50 for their high yield savings account called Direct eSavings. This is a money in the bank deal presented to their new customers. Looking at the current savings interest rates and other savings account deals in the market, this one from Amboy is still very competitive.
The bank requires a monthly balance average of at least $3000 for 3 months or 90 days. The high yield savings account interest rate is a bit lower compared to others but is within the range of the most popular internet savings offers like that of ING’s and HSBC Direct.
The Amboy Direct esavings account only requires $100 to open and sets a deposit ceiling of $100,000. The bank does not collect any monthly fees and gives out interest rates on the following tiers:
The bank also has an ACH facility so you can electronically transfer funds to your account. The features are not the best in the market:
It will be best to call if they do not do a hard credit pull. The bank does not do a hard credit pull with their premium savings account but it does not the detail the process for the online savings account.
Amboy direct operates under the umbrella of Amboy National Bank. It is covered by the FDIC with certificate # 6423.
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