slimcustomer said:Cheezy website scares me. What have people's experiences been like with this bank and account?
It's OK. They have just been keeping their design since 1995 being America's 1st Online Bank according their home page. Overall, the service is good.

jwbodnar said:Here's the web page:

http://www.presidential.com/PremierSavings.htm

Minimum $5000 to open.

Like their fine checking account, this account also has a limited amount on which you can earn the higher rate. In this case, it's $35000. Amounts over this earn 2.25% APY.

No monthly fees if you maintain the minimum balance.

You can read the details on their web page.

I'll also add this to the Daughter of the Mother of... thread.

Edit: The actual interest rates are 3.45% and 2.23%.


The actual interest rates are 3.45% and 2.23%

Aren't we getting 3.25 at EDB with not monthly fee and no min. balance requirement?
So this is for additional 0.20%..... Hmmmmmmm.........
I wonder are the efforts in opening new account, transferring funds etc. worth an additional 0.20% in interest? Probably not.....

No thread crapping ... but I will stick with my EDB account.

Still I am not comfortable with monthly fee... For BT, better option would be .six month - one yearh CD with 3.83 - 4.11%

bassmanben said:those are fine as long as you can make the minimum payment on your credit cards out of your own personal cash flow.
You can split and put several hundreds/thousand(s) into ED/UFB/Presidential Checking if this is a problem.

i get hit w/ credit inquiries

bluegenie said:kaiotes said:opened too many in a span of 3 wks, time to stop

worried about chexsystems huh, makes sense *sarcasm*

P.S. Everyone start writing emails to emigrant, ING, etc.

is there a signup bonus link somewhere? or was that only by signing up trough fsb?

how can you do 3, ach?

mshen11 said:only way to get money out is:

1. in person
2. by request for a draft via fax/mail
3. ach pull (out of presidential) from another bank

there is not bill pay, no checks, no atm card

for rate it seems okay

spotrun said:j
The actual interest rates are 3.45% and 2.23%

Aren't we getting 3.25 at EDB with not monthly fee and no min. balance requirement?
So this is for additional 0.20%..... Hmmmmmmm.........
I wonder are the efforts in opening new account, transferring funds etc. worth an additional 0.20% in interest? Probably not.....

You're getting 3.2% for an APY of 3.25% at EDB. Presidential is 3.45% with an APY of 3.5%. The difference is 0.25%. If you're using it exclusively as a savings vehicle, then you won't incur the monthly fee, and it's worth moving.

Of course, if you have wads of cash and will overrun the $35K limit, you're better off at EDB

Wish I had that problem

tomprc said:jwbodnar said:Get a free checking account with USAA, and you can ACH pull/push to any account you want.

what? Even when you don't know the routing#?

Told them you will initial DD to your saving account, I guest them will more than happy to give you the #