Just spoke to an account rep and found out two interesting pieces of info.

1) They have a no fee, no minimum balance checking account. You can open it with $1, then when you need money you can transfer from savings to checking on their telephone banking system, then write a check.

2) They are actually owned by Northfork bank, a relative large, well respected bank in NY. However, you cannot go into a Northfork bank to deposit or withdraw money (since they were maintained as two separate institutions when purchased)

gnat said:justdoit said:yahoo funds transfer

Thanks, signed up for Cashedge and I'm linking my accounts now. Superior Savings of New England is on the list of banks that you can link through Yahoo Funds Tranfser / Cashedge.

Looks like a good solution, although you're limited to $2000 per week and $5000 per month using Yahoo's service.

I couldn't find ING Direct on Yahoo's list of available institutions though. Can anyone help? What search terms should I be using?

AFAIK, you can't use CashEdge or Yahoo Transfer to transfer to/from ING, ING just doesn't allow ACH transfer from "non-linked" accounts.

However, someone else brought up www.qchex.com, which will send a check for you as long as you give it an account and routing number. I think the charge is 25 cents. So this maybe a workaround for the savings account.

SUPERIOR SAVINGS OF NEW ENGLAND, NATIONAL ASSOCIATION
BRANFORD, Connecticut
Bankrate.comSM Star Rating ****
Safe & Sound CAELSM Rating 2

Alcibiades said:tarcapone said:You can open it with $1, then when you need money you can transfer from savings to checking on their telephone banking system, then write a check.Only can do that type of xfer 6 times a month.


6 times a month should be plenty. I'll probably open a checking account with them also to move my money around.

Ok, there are four types of checking accounts available on their website.
Of those four, I'm pretty sure that we're probably considering either the (1) "Rapid Link Checking" or (2) "Premier Banking" accounts as they are the low end.

(1)
RAPID LINK CHECKING
* No minimum balance to maintain
* No monthly maintenance charges
* Unlimited check writing
* No per item charges

(2)
PREMIER BANKING
Link your personal checking account with your savings, money market, CD, IRA or Qualified Plan (and meet a combined minimum balance requirement), and forget about per-check fees and monthly service charges.
A combined statement details your linked checking account and provides you with summary information for other linked accounts, information for "at a glance" convenience. Write up to 50 checks per month without incurring transaction charges.
* No minimum to open account.
* $0.35 for each check in excess of 50 presented for payment during the monthly statement period plus.
* $10 per month maintenance fee if the average collected balance for all linked deposit accounts is below $5,000 for the monthly statement period.


When the account rep mentioned the checking account over the phone, which one of these two was it? Premier says something about linking to the other accounts. Is this what we want? Or will the Rapid Link checking with the lower requirements work also?

Will probably call tomorrow during office hours to find out, but would like your opinions. Thanks.

You do have to love their website. It's clean looking, but it probably took someone about 20 minutes to build.

Man, if only they had some sort of online banking. For some reason tele-banking just seems so archaic now.

DCU is offering 3% 11 month certificates. No minimum balance requirements.

Alcibiades said:TruthTeller said:The street signs on the home page are the branch addresses. I kid you not.I think the guy in the hard hat is a happy customer.

no kidding, who the hell put that guys mug on the website

Thanks OP, this is nice rate for flexible account; pretty much equiv to best rates
I see for 18mo CD accounts.

??? Has anyone any knowledge about very high rate "accounts" I've seen advertised in
Phoenix (AZ) local newspapers?? In current marketplace, I remember seeing 7 and 10% quoted,
but lost copy of paper I had, so never investigated to find out what the hitch in the deal is.