So the mobile deposit was immediately available in your checking on a non-business day? My deposit limit is $10k and I remember having then raise the limit up to $25k or $50k to make the deposit initially, but I thought my recent deposits needed to be approved on a weekday. Maybe it varies by the amount of the deposit?
Yes, immediately available. I was impressed! It was only 6k though. I’m sure there are limits.
Today’s drops:
Customer’s Bank Ascent Money Market was 1.25% now 1.10%
CIBC Agility Online Savings was 1.05% now 0.90%
American Express Online Savings was 1.00% now 0.80%
Envision Bank Savvy Savings was 0.70% now 0.65%
North American Savings Bank High Rate Savings was 0.60% now 0.50%
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Thx for all the help. My accounts are funded today , 500 mobile check in checking not avail, but total of 750 avail across both savings…typically, how long to get referral code? I have submitted my email in the link for the code
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Congrats! Once your check deposits, it should immediately become available (at least it did for me). Then I transferred $5 from Checking to Primary Savings so that I had an available balance in Savings also. Then, I re-submitted my email on the form and received an email with my code instantly.
It looks like TJ did have to wait for a few days for theirs, not sure the difference between us.
Hope that helps!
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Thx, received my code, thx to moneysavers and tj s replies
Keesler FCU is offering some pretty good High Interest MM accounts guaranteed 6 mo.
1.50% $100k good for 6 mo. Other’s 1.40% $2.5k. 1.45% $50k,
Since I already have a Keesler FCU account, & I’ve been looking for placement of funds. This will be a fair spot for the Freedom CD that just matured.
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Wow! I was unaware. Those are rather attractive deals.
Couple more details on the deal posted, above, by pattyb53:
You need a minimum of $2500 to get the account up and running. You cannot open with a credit card. However, you can call in with a routing number and account number and they will get you going.
To earn interest there must be a minimum of $2500 in the account. However, there is no minimum balance. You can have just a buck in the account if you like, once it has been opened. There is no penalty for a low balance except, of course, you will earn no interest at all.
The interest rates posted by pattyb53 are good for six months, and those are darn high rates these days for liquid money. Thank you pattyb53!!
I wish to go for the $100k Keesler deal, but the only option they gave me first was to wire the funds. NO,no, I asked to speak to a supervisor. Then I explained how it’s really hard to get that large amount deposited in one lump sum. I wanted to ACH into savings, which takes a few days. Finally I got a firm answer that I could deposit to savings for 3 days time, then call & open the $100k MM account 1.50%.
Sometimes it takes a while to get these kinks worked out.
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Respectfully, I would go about this differently were it me siting with a hundred grand and not wanting to lose interest on so much money:
The prime objective is to get the account open. That will lock the current rate and nail down the six month rate lock guarantee as well. The account can be opened with $2500 and then added to, via ACH, once open, up, and running. This way one does not risk placing a full one hundred thousand dollars in LIMBO, and earning scant interest, while Keesler gets its act together.
Be careful, be thoughtful, be prudent.
But, my understanding is if I open at $2500, I will be opening the 1.40% acct. I will not have the opportunity at that point to open the 1.50%. Do you think I have the wrong impression?
It is possible. I did not ask that precise question when I spoke with them a while ago.
I’m assuming that your interest rate at any time is determined by your balance in the account at that time. If you only deposit $2500 then your rate is lower . . . until you add to the account. That is my assumption and I COULD BE IN ERROR!
You would need to call them and inquire. But if you can safely open for the smaller amount, giving them time to get everything up and running before you add the big money, and still get the higher rate once that big money is on deposit, then that is the way I would do it.
But, again, you need to ask the question.
Why does their website say 0.4%-0.5%? Oh wait, I see - it’s the “plus” account that gets the promo rate.
I believe Patty is correct, and the rate tier is assigned based on the opening balance, not the ongoing balance.
Did you ask if it’s “6 months” from the time your account is opened, or if it’s a fixed 6 month promo period that expires the same time for everyone regardless of when the account was opened?
You are correct, pattyb53, and I WAS WRONG!!
If you want the extra ten basis points you will have to go in with a hundred grand.
Frankly, I would be delighted to earn just 1.40% APY on liquid funds at this point . . . . and I would not be keeping a hundred grand liquid even if I had that kind of money. It would go into one of my add-on CDs paying 3.25% APY.
So for me opening this account with only $2500 is a go!
Rep just told me I can go online and do the deed by giving them an account number and an ABA routing number. I will not go forward, though, until I have the answer to glitch99’s question: when does the six months start?
Rep just told me the six month lock-in commences the day you open your account. Can anyone else confirm?
Yes indeed. If I had an add-on paying 3.25%, but I don’t. You were the smart on that got those PSECU add-on’s. I did get several of those PSECU CD’s & I’m happy with them, but they are set.
My problem then was “everything is great” no worries. Never in my wildest dream would a pandemic hit us & everything dropped. But now, we do the best.
Tried to apply for a HIMMA Plus online. No luck. It says you must telephone them.
But I did locate this information for the HIMMA Plus account type:
The HIMMA Plus is a special 6-month, promotional rate High Interest Money Market Account. With an additional 1.0% bonus APY paid on new deposits, your savings can grow faster without locking down funds for a specified term. There is also no limit to what you can contribute to your HIMMA Plus during the 6-month term.*
Open yours today at any branch or call us at 1-888-533-7537.
*APY is annual percentage yield. Minimum opening balance $2,500. Promotional rate available on new deposits only. Dividends paid at promotional rate for first 6 months. Rates are variable and subject to change daily. Funds available immediately. At the end of the month of the promotional period, balance will be rolled in a regular HIMMA or savings account. Offer subject to change.
My read on that is they are offering a 1% bonus over the routine HIMMA rate, which is variable!!
So it appears at least possible that your interest rate could descend during the first six months . . . . however it could never fall below 1% . . . . unless the HIMMA rate were to go negative which I seriously would not anticipate.
I have not telephoned them to clear this up. Starting to have a qualm or two, though, and I have not opened an account.
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PurePoint has cut their savings interest rate. The new rate is 0.6% APY.
Right on cue, on a Friday.