<font color=white style="background-color: #3E3E3E;">UPDATED 08/16/06

According to bankdeals.blogspot.com, you no longer need the invitation to get the 6% 3 month promo rate.


Apply here:
Dime 6% APY Rewards Money Market Account

Dime Direct Rewards Money Market Account
The introductory 6.00% Annual Percentage Yield (APY) is guaranteed for a three-month period from the date of account opening. It applies to daily balances up to $250,000 for three full months.

Rewards Money Market Account comes with free Internet banking. If you want free Bill Payment, simply open a Perfectly Free Checking Account.

What has their MMA APY been in the recent past ?

Looks like a good deal, been watin for this. Better than ING since it seems to have no liquidity limitation.

Looks like you can use the bricks and mortar with this too.

This looks good for 3 months, but then I would want to move my money out to HSBC/ING if their rates drop back down. In fact, I am wondering if it is worth moving my money out of HSBC savings at 4.8%( until 4/30/2006 ) to this money market at 5% if I will just have to move it back. I wonder if they would penalize you for moving money out after 3 months..such that you lost any benefit that was gained from moving it in?

-Fortezza

.02 diff is not worth the hassel.

Make it 0.20%.

By the way, HSBC is a huge bank but their online banking system sucks (the rep even admitted it to me). I "opened" an account at the beginning of the month. Took 2 weeks to get it working. Has taken another 2 weeks to try to link bank-to-bank transfer (ACH wire).
The telephone support has been hard to get.
It has probably cost me almost as much as it is worth!
Jeff

Surprised so little interest in this deal.

bksavings said:On-line form:Don't have a Promotional code? Please call 800.321.3463Has anyone called this number and received a code?I'd assume that's where they explain to you that you're not qualified for the higher rate and that instead, you'll be able to enjoy their current standard rate schedule:

0.50% under $1,000
1.10% $1,000-$24,999.99
2.00% $25,000-$49,999.99
3.00% $50,000-$74,999.99
3.25% $75,000.00 or more

OP - updated to show new rate and how to join mailing list.

EugeneV said:I've received an invitation from them back when they had 5% promo - at my parents' address where I never lived. OP, how long ago did you get the letter?I got the 5% letter in January, and the 6% letter in March.