.

tooshy,

it doesnt matter. after the new change, no one will be using that bank, not with the interest rate they give.

the bank is not competitive enough.

mshen11 said:

<< tooshy,

it doesnt matter. after the new change, no one will be using that bank, not with the interest rate they give.

the bank is not competitive enough. >>

And what bank is that? I still don't know, but oh well, it must not be worth knowing.

I am breaking my own rule about this thread but I still use FirstIB as my main bank and will continue to do so for one main reason: The best da*n bill payment period. Not only do they not take the money out of your account until the due date, (which is the equivilant to a higher interest rate in my book) but they let you set up the payments by the due date. No having to figure out how many business days, etc.

In addition, as the first page of this thread indicates, I think their rates are competitive with everyone except presidential. The fact that presidential has stayed so high in this low rate environment tells me that they are just another CNBT bait and switch bank that will slash their rates once they hit their target nuber of accounts. No proof of this, just my gut feeling. The visa deposit change does not effect me, and to my knoweldge no other bank offers this so this change does not effect comparisons.

Now, please back to keeping this tread on focus of only discussing interest rates. Thank you for your support.

longwood8 wrote:

<< The fact that presidential has stayed so high in this low rate environment tells me that they are just another CNBT bait and switch bank that will slash their rates once they hit their target nuber of accounts. No proof of this, just my gut feeling. >>

I agree. That is why Presidential insists on a payroll or pension direct deposit, not just an ACH direct deposit. Presidential historically has paid an above-average rates, but 3% APY is insane given the depressed marketplace.

I updated some rates and links in my prior posts.

More info:

Nordstrom Bank checking account
is 2.25% APY over 10k

and

NetBank Money Market is now 2.15% APY

longwood8 said:

<< Not only do they not take the money out of your account until the due date, (which is the equivilant to a higher interest rate in my book) but they let you set up the payments by the due date. No having to figure out how many business days, etc. >>

CNBT just announced these features starting June 17th

I added MetLife bank and American Bank of the North. I did not add Nordstrom Bank since if you have 10k laying around I frankliy think there are better places to put them and I do not want this thread to chase "jumbo" type deposits. I also left the IRA account out of the American bank post since this is not relevant in this thread.

Thanks all

Sorry, meant: MetLife bank follows down trend:

2.10% APY

More to come now that the fed lowered

First Internet Bank of Indiana
https://www.firstib.com/

Rates dropped:
1.06% Checking $500 min bal (was 1.31% 6/18)
1.76% Money Market $4,000 min bal, limited # of transactions (was 2.04% 6/18)

I'm still keeping my account because as others have said: great, free billpay system; nice integration with MS Money, and $6/month ATM rebates.