High and Mighty Savings Account with First Trade Union earns 2.32% APY
The First Trade Union Bank offers very competitive savings account interest rates through heir High and Mighty Savings which offers as much as 2.32% APY for deposits that maintain a $2500-balance. Account opening also requires $2500 deposit.
The rates are effective as of 15 June 2009 and may change any time. The account comes with an ATM card. It seems that there are no ACH transfer facilities available for this account so external accounts cannot be linked. ACH transfers can be initiated from other banks.
Interested consumers from any state may open an account. An online application form can be accomplished and be funded online. The disclosure suggests a hard credit pull, so it will be wise to call the bank first since this may ding your credit report.
First Trade Union is headquartered in Boston with offices in Massachusetts, Rhode Island, and New York.
The bank had good scores last year based on the review of bankrate.com (4 stars) and BauerFinancial (5 stars). First Trade Union insured with the FDIC with certificate number 32551.
