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NEDeals said:   
sfchris said:   
NEDeals said:   
sfchris said:   Since it doesn't have its own thread, I thought I would share the miserable experience I had with ConnexUS in the process of holding a 1 year CD with them.
  This thread is about  LIQUID savings accounts.  CDs are not liquid savings accounts, nor are they supposed to be.   Understanding the account type and restrictions of a CD is important, but not on topic here. 

  I mainly wanted to bring attention to the fact that ConnexUS is a difficult credit union to deal with since they are one of the banks listed on the first page and may have a competitive liquid  rate sometime in the future.

  
The rate listed is for a LIQUID account.  It has none of the restrictions of a CD, which is a different product.  Your "difficulty" is specific to a CD.  There is a separate thread for CDs.  

  No, my difficulty had to do with their demands for a very specific type of notary public for PODs and wires and their sneaky wording in legal agreements. Either could apply to liquid account holders.

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jan list from depositaccounts.com:
https://www.depositaccounts.com/savings/

incredible bank #1 @ 1.17%

any catch?

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yurgreat said:   jan list from depositaccounts.com:
https://www.depositaccounts.com/savings/ 

incredible bank #1 @ 1.17%

any catch?

I have this account,  Make sure you sign up for e-statements to avoid $15 paper statement fee, otherwise works great !
Read and meet all the terms and conditions and you will be just fine.

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yurgreat said:   jan list from depositaccounts.com:
https://www.depositaccounts.com/savings/ 

incredible bank #1 @ 1.17%

any catch?

The catch is that more than half of the reviewers at DepositAccounts gave Incredible Bank the lowest rating possible.

rated:
Dime savings bank(Dime consumer ebanking) has an online only account available with 1.10% APY but after opening and funding with 1000 dollar minimum and being told in about 15 days time (phone rep- had to hold on line for one for over 25 minutes too) I would see a prompt under transfers to link an external account to this on line account for future ACH actions in or out. 15 days came and went and nothing so emailed their customer service only to learn phone rep knew nothing and "they will very very soon have that ability". So basically have to contact them and if they kept my external funding account records they could manually arrange a deposit or withdrawal. A real hassle for marginally higher interest rate than already available elsewhere. Avoid unless into hassles

rated:
iLoveTahoe said:   
yurgreat said:   jan list from depositaccounts.com:
https://www.depositaccounts.com/savings/ 

incredible bank #1 @ 1.17%

any catch?

The catch is that more than half of the reviewers at DepositAccounts gave Incredible Bank the lowest rating possible.

The main reason for the bad reviews is that if you do not log in to the website for a few months then they will convert you to paper statements and charge you a ridiculous fee for that.  I agree that behavior is somewhat sleazy but now that you know about it, just close the account if you decide it no longer meets your needs as an active account.  The other catch is that they apparently do a hard pull for all accounts and few other savings accounts do that.  I've had an active account with them for a few years and haven't had any issues.  Customer support has been fine and I'd rate the bank as 4/5 with the poor but usable web site being the main downgrade from a 5/5.

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UFBDirect at 1.2% APY for balances over 25k https://www.ufbdirect.com/highrate

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exclusivelysid said:   UFBDirect at 1.2% APY for balances over 25k https://www.ufbdirect.com/highrate
 Here we go again... This rate will usually last a few months, last time around Oct. 2014  rate=1.25 -> Mar. 2015 rate=.95, slowly afterward to .4%.  It's ok if you keep an eye on the rate and ready to ach to your other bank when the rate drops.  There is no minimum balance so I kept a couple of dollars in there since March and the account is still active, ready for me to ach into it.

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Just for reference, last time's campaign lasted 14 weeks.
Also, to be kept in mind, UFB has very low limits of external ACH transfers.

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I've been burned TWICE by UFB. Like others, I'd put an AVOID rating on them.

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Boiler said:   
exclusivelysid said:   UFBDirect at 1.2% APY for balances over 25k https://www.ufbdirect.com/highrate
 Here we again... This rate will usually last a few months, last time around Oct. 2014  rate=1.25 -> Mar. 2015 rate=.95, slowly afterward to .4%.  It's ok if you keep an eye on the rate and ready to ach to your other bank when the rate drops.  There is no minimum balance so I kept a couple of dollars in there since March and the account is still active, ready for me to ach into it.

  It says new money in the terms and conditions.
Will we still get the 1.2% if put 25K back into the UFB savings account?

I did the same way and kept $3 still hoping for rate hike to happen again.

 

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If this history went back further, you'd see the repeated chain yanking.  Plus their restrictions on transfers are a PITA

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Use an external bank account to initiate push/pull to get around UFB's limitation. The 1.2% is a big boost over the other best offers. I will be ACHing funds in.

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quizzer25 said:   
Boiler said:   
exclusivelysid said:   UFBDirect at 1.2% APY for balances over 25k https://www.ufbdirect.com/highrate
 Here we again... This rate will usually last a few months, last time around Oct. 2014  rate=1.25 -> Mar. 2015 rate=.95, slowly afterward to .4%.  It's ok if you keep an eye on the rate and ready to ach to your other bank when the rate drops.  There is no minimum balance so I kept a couple of dollars in there since March and the account is still active, ready for me to ach into it.

  It says new money in the terms and conditions.
Will we still get the 1.2% if put 25K back into the UFB savings account?

I did the same way and kept $3 still hoping for rate hike to happen again.

 

  The T&C states as long as the new money doesn't come from other Bank Of Internet banks.  Doesn't states specifically, but new money is usually money not held in any BOI accounts when the promotion started.  I have done this a number of times with UFB but you can always call to confirm to ease your concerns.

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UFB said: The interest rate and corresponding APY for savings is a variable tier structure and is set at our discretion. Tier one structure of $0- $24,999 earns 0.20% APY. Tier two structure of $25,000 + earns 1.20% APYIf I'm understanding this correctly, you'd need to deposit > $125K to earn more from this account than from a non-tiered 1% account. Right?

rated:
scripta said:   
UFB said: The interest rate and corresponding APY for savings is a variable tier structure and is set at our discretion. Tier one structure of $0- $24,999 earns 0.20% APY. Tier two structure of $25,000 + earns 1.20% APY
If I'm understanding this correctly, you'd need to deposit > $125K to earn more from this account than from a non-tiered 1% account. Right?

No; they word it more clearly on another page: https://www.ufbdirect.com/personal-banking/savings/ufb-savings
"Account balances greater than $24,999.99 will earn the variable ongoing APY for our highest tier on the full account balance."
Or https://www.ufbdirect.com/personal-banking/savings/ufb-savings#R... :
"1.20% APY will apply to the full account balance if $25,000 balance requirement is met."

rated:
for Capital one Essential savings:
when the 6month promo rate expires, how long after you close the acct can you open a new essential savings acct for the 1% rate?

<--- Capital One is the closest B&m bank to me.
next closest are wells fargo and Pnc

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yurgreat said:   for Capital one Essential savings:
when the 6month promo rate expires, how long after you close the acct can you open a new essential savings acct for the 1% rate?

<--- Capital One is the closest B&m bank to me.
next closest are wells fargo and Pnc

  talk to the people at your local branch. they have special promos for additional deposits at the end of the promo period that can extend the rate.

or go to an online bank that pays > 1% without the hoops.

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devyanks90 said:   
yurgreat said:   for Capital one Essential savings:
when the 6month promo rate expires, how long after you close the acct can you open a new essential savings acct for the 1% rate?

<--- Capital One is the closest B&m bank to me.
next closest are wells fargo and Pnc

  talk to the people at your local branch. they have special promos for additional deposits at the end of the promo period that can extend the rate.

or go to an online bank that pays > 1% without the hoops.

  My bonus period ended.  The branch offered to extend the rate if I closed the account, moved the money to my checking account, and came back the next day to open a new account.  Too many hoops.  I moved my savings to Ally.

rated:
larkin said:   
devyanks90 said:   
yurgreat said:   for Capital one Essential savings:
when the 6month promo rate expires, how long after you close the acct can you open a new essential savings acct for the 1% rate?

<--- Capital One is the closest B&m bank to me.
next closest are wells fargo and Pnc

  talk to the people at your local branch. they have special promos for additional deposits at the end of the promo period that can extend the rate.

or go to an online bank that pays > 1% without the hoops.

  My bonus period ended.  The branch offered to extend the rate if I closed the account, moved the money to my checking account, and came back the next day to open a new account.  Too many hoops.  I moved my savings to Ally.
 

  How do I deposit checks to Ally?

rated:
yurgreat said:     How do I deposit checks to Ally?
  
Read the instructions? 
https://www.ally.com/bank/online-banking/how-to-bank-with-ally/#make-deposits

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