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UmbrellaBank.com paying 4.6% Now Archived From: Finance

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alert mods    
   posted: Jan. 7, 2006 @ 9:39p

Kien said:Clocks said:Only 0.60% for the first $1000.

No it's for a balance BELOW $1000. You don't ever want your balance to fall below $10 anyway because you'll be charged a $10 monthly service fee...


I'm still trying to figure this out.

If I have $1001.00 in there, do I earn .6 on $1000 and 4.4 on $1?


alert mods    
   posted: Jan. 7, 2006 @ 9:54p

RationalCrust said:Kien said:Clocks said:Only 0.60% for the first $1000.

No it's for a balance BELOW $1000. You don't ever want your balance to fall below $10 anyway because you'll be charged a $10 monthly service fee...


I'm still trying to figure this out.

If I have $1001.00 in there, do I earn .6 on $1000 and 4.4 on $1?
No. You earn 4.4% on full $1001.00.


alert mods    
   posted: Jan. 8, 2006 @ 7:10p

I opened an account here two weeks ago and things have for the most part gone smoothly. I got access to the website as soon as they received the initial deposit check and my 50 free checks and ATM card arrived within two weeks. But, I still haven't received their "welcome kit" which is supposed to have some SASEs for mail deposits.


alert mods    
   posted: Jan. 20, 2006 @ 5:18p

Does anyone know where I can find the routing number for this bank?


alert mods    
   posted: Jan. 20, 2006 @ 5:34p

The routing number for Umbrella Bank is 071974479. This might map to New South Federal Savings Bank, their owner. Its on their site for the direct deposit form .


alert mods    
   posted: Jan. 20, 2006 @ 5:40p

bluechalk said:The routing number for Umbrella Bank is 071974479. This might map to New South Federal Savings Bank, their owner. Its on their site for the direct deposit form .

Oh man. You're good. I just got off the phone with the CSR who told me the same number, but couldn't tell me where I could locate it on the website.


alert mods    
   posted: Jan. 22, 2006 @ 10:43p

I am a totally beginner. interested in this ccount for its obvious high APR.

I am a little worried about inactivity fee and dormant fees.

I only wanted to put some of my savings there ( like a CD, but open term)/. I'd like to keep my local bank.

Will I be charged fee fter 6 months?

Thanks for the help.


alert mods    
   posted: Jan. 22, 2006 @ 10:59p

Usually inactivity fee does not apply to a saving account.anyway, I suggest you call umbrella bank to confirm it.


alert mods    
   posted: Jan. 23, 2006 @ 2:01p

I called them and I was told,

(1) if inactive for 6 months, they will send out a notice. and If you reply this notice, your account will be put active again, and you won't be charged a $5/mo fee.

yxj002 said:I am a totally beginner. interested in this ccount for its obvious high APR.

I am a little worried about inactivity fee and dormant fees.

I only wanted to put some of my savings there ( like a CD, but open term)/. I'd like to keep my local bank.

Will I be charged fee fter 6 months?

Thanks for the help.


alert mods    
   posted: Feb. 1, 2006 @ 3:24p

how long does this bank take to open an account??

applied on Jan 4th ... and they still say 'we will email u about the status!'


alert mods    
   posted: Feb. 1, 2006 @ 3:28p

The next step happens after you mail them a check to fund the new account. I got my second email the day after they received the check. If you sent a check a month ago then you should call them and find out what happened.


alert mods    
   posted: Feb. 1, 2006 @ 4:06p

i called them... and seem my account was DENIED...!

well, if they dont want my 50K... then must have very high standards of approval!


alert mods    
   posted: Feb. 13, 2006 @ 8:01p

Bankrate.com show APY of 4.6% but bank site still has old rate.
Can some one confirm if its rate has increased or not?


alert mods    
   posted: Feb. 14, 2006 @ 3:31p

I got an email with 4.60%


alert mods    
   posted: Feb. 14, 2006 @ 4:52p

umbrellabank.com updated its money market rate.


alert mods    
   posted: Feb. 14, 2006 @ 7:45p

But, its still lower than ING & HSBC.

No reason to go to umbrella for now.

Maybe after the ING & HSBC deals end.


alert mods    
   posted: Feb. 14, 2006 @ 9:22p

Actually, I might open an account with them if they let me do a DBA.

Emailed.

Presidential said NO on their high interest checking.


alert mods    
   posted: Feb. 27, 2006 @ 10:45p

Kien said:Clocks said:Only 0.60% for the first $1000.

No it's for a balance BELOW $1000. You don't ever want your balance to fall below $10 anyway because you'll be charged a $10 monthly service fee...

Don't you mean below $1000?


alert mods    
   posted: Mar. 9, 2006 @ 8:20a

Has anyone seen this "Free Flight" promotion UmbrellaBank is doing for checking?
I noticed it when looking up their CD rates... it seems pretty cool, but it is about to expire.
http://www.umbrellabank.com/flyfree


alert mods    
   posted: Mar. 9, 2006 @ 8:53a

Checked out the ticket prices, nothing special. They want $500 from Atlanta to the West Coast which is only marginally less than the price of 2 advance purchase tickets booked directly on the airline website. Plus too many restrictions like Saturday night stay, etc.


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