ProvidentNJ Direct has 2.00% APY 3-month Promo for their high yield online savings account
The online division of Provident Bank in New Jersey, ProvidentNJ Direct , is still pushing for their high interest savings account online which earns 2.00% APY for deposits over $10,000 for the first three months.
After the promo period, the interest rates for the high yield savings account return to the 1.50% APY for $10K and over, and 1.00% APY for $50 to $9999.
This money in the bank deal is being offered nationwide. Aside from the current interest rates, account holders will also be given a Provident ATM card, get the monthly electronic statements, be able to transfer funds to other Provident accounts without having to worry about funding fees.
Interested consumers can apply online using the secured platform provided by Andera. You can fund your online savings account by ACH transfers from your savings or checking account.
The website does not say much about the ACH services. It will be best to call the bank to clarify the efficiency of the facility, fees which might affect your earnings, and to get the latest interest rates.
The Provident Bank based in New Jersey has about $6.5 billion in declared assets and about $4.3 billion of deposits.
ProvidentNJ is insured with the FDIC under certificate number 12010.
FYI:
Online accounts are not allowed a beneficiary-
Comment by MARK — October 18, 2009 @ 12:14 pm