waistcoat said:I have that account.
NO ACH
However, you can initial ACH transfer from other bank.
Or open a free checking account at UFB.
Do you mean "open a free checking account at UFB to get checks?"

well 3.3% now

hmm... guess ill take a look heh

scanchain said:FYI, 274070484 goes to UNION FED BANK OF INDIANAPOLIS and 083914265 goes to BLOOMFIELD STATE BANK. Is Bloomfield State Bank part of UFB??
BoA shows:
for 083914265 - First Bank Of Mitchell (National InterBank/Union Federal Bank)
for 274070484 - Union Federal Savings Bank Of Indianapolis

National Interbank pulls a hard on EQ for this application

adityanm said:Does any one know when they started 3.3% rate and for how long will it last?
I hope not so long. It should be at least 4% by the end of the year
Since according to bankrate report posted some one earlier, this bank has
liquidity problem, how safe is to bet that bank itself will last and you do not have to wait for FDIC to reimburse your deposits when and if the bank really has a run?
This is discussed in the housing bubble thread.
How long is the usual FDIC reimbursement process?

They rate ING not much better - ***

generally satisfactory condition, characterized by lower than normal overall, sustainable profitability, a very high measure of asset quality, mid-range capitalization, and lower than normal liquidity.
...
the company achieved below average return on equity. A below average differential between asset yield and funding expense; below normal levels of noninterest income; and strict expense control evidenced by well below standard overhead ratios have combined to impact operations for the period.

Will give it a try, thanks OP!

I am looking to invest 40,000 and I know this isn't an investment account per say but this seems to be one of the safest and most reliable and best APY option for earning interest on my money. I figure I can bank about $100 a month in interest.

Good idea, or is there better accounts to be looking into for investments.

Is this account better than the emigrant and the ING account?

ccrzhh said:scottfern said:Is this account better than the emigrant and the ING account?
Yes (rate, ATM card, checks) and no (ACH, bonus)
I don't think you get checks with the HY MM savings.

I am a little confused by the withdrawl limit? Can you make unlimited ATM/checking card withdrawls or is that part of the 4 total checks you can write in a month?