3% savings account $10K min

Superior Savings

Yes, 3% is a good rate if FDIC insured.

Do you have any additional info? The site doesn't have much and the application form just sends your contact info to the bank.

It was advertised in today's Hartford Courant as well Page E-2
For more information call 1-877-rate-plus


Fine Print:

**Minimum deposit $10,000
**Interest will be earned and compunded daily on account balance


At our discretion we may change the interest rate and annual percentage yield on this account at any time.
*The terms and conditions for this account are contained in the "Miscellaneous deposit Information Disclosure Statement and Agreement"
*Service Charge and/or interest calculation is contained in the First Rate Deposit (FReD) Account Disclosure Statement and Agreement
**You must maintain a minumum average daily balance of $10,000 in the account for the applicable period to obtain the disclosed annual percentage ield.
**** Must maintain a minimum average daily balance of $10,000 in the account for the period commencing on the date of account opening through January 2, 2005. Thereafter, you shall be required to maintain a minimum avergae daily balance of $10,0000 for the six month period commencing on January 3rd and July 3rd of each year.


Member FDIC

mshen11 said:someone apply first
You'll never lose your cherry with that risk-averse attitude.

The street signs on the home page are the branch addresses.

I kid you not.

checked fdic.gov, and sure enough the Superior Savings bank is on the FDIC insured list.

link

Yes, Superior Savings of New England, National Association has been FDIC insured since 07/01/1960.

* The certificate number is 18244
* The main office is located at:

45 SOUTH MAIN STREET
BRANFORD , CT 06405
New Haven county
* It was established on 01/01/1889
* The primary regulator is OCC
* Community Reinvestment Act (CRA) Performance Ratings
* It has 1 branch office(s). Branch Offices
* Call/TFR Financial Information
* Financial Information
* Branch Office Deposit Information

Man that site is hokey, but the bank's been around since 1889, maybe the board only heard of the internet yesterday.

But based on the stats from Bankrate, the bank is pretty sound.

Just called. Here's the info I have.

For the initial account setup, Virtual Bank allows you to enter your account number with no check verification so it could be a savings account. So I used a money market account, which is supposed to be a no no. But it worked.

gnat said:Come to think of it, how do I initiate an ACH into a savings account? Both ING and Virtualbank require you to send voided checks to setup the links that you can ACH to and from.

Savings accounts won't give you any checks. What do you guys use?

gnat said:Come to think of it, how do I initiate an ACH into a savings account? Both ING and Virtualbank require you to send voided checks to setup the links that you can ACH to and from.

Savings accounts won't give you any checks. What do you guys use?

with E-Trade checking or MeadowsCU.com eChecking you can link accounts without sending a voided check (they send two deposits and you verify the amounts)
Meadows allows you to transfer to/from MMA accounts,
www.meadowscu.com/promo/ free checking with direct deposit (no min)
www.etrade.com/get175 (complete or value checking qualify for the promo, but they have min balance requirements after 6 month, regular checking does not qualify for promo, but no min balance requirement, min $200 direct deposit).