Northwest Savings Bank Grand Opening "special" Offer expires 12/05/09
2.25% fixed APY savings account guaranteed through 11/16/10 Personal accounts only Requires checking account--2.00% fixed APY without checking account Member FDIC $100 minimum--$250,000 maximum per account
This may be one of the best rates available in a low minimum, high maximum, 100% liquid, no penalty or fee savings account. It's an old fashioned passbook savings account, with a quaint passbook, just like years ago. I was told this offer is available at the three Rochester, NY branches listed below, but it might be worth calling and asking if they would consider waiving this under the right circumstances. Once opened, the account can be managed online. Once opened, all subsequent deposits will also earn 2.25% guaranteed through 11/16/10.
This is an ideal account for temporarily (or not temporarily) stashing cash proceeds from real estate sales, matured CDs, etc. The bank is very solid, and the offer is on the level. I opened and funded an account today, and would not be surprised if they withdraw this "grand opening" offer early.
If you go to the Greece branch, try and deal with one of the managers. I went in there three times for various reasons, and I got the impression that the tellers at this branch mean well and try hard, but they seem new, not just to the branch but I'm guessing some have never worked in a bank before. If you deal with a non-manager make sure they don't make a mistake with your name, address, etc.
I was probably going to go to the Chili branch. Does this bank have internet banking, ACH transfers, and the like? The mall at Chili is a little out of the way for me, the other two, even worse. Then again, I've been here for years but have never really ventured outside Henrietta/Brighton/Victor.
I was told that I could set up an ACH online. Then again, as mentioned above, the employees at the branch I visited were inexperienced, though well meaning, so it wouldn't surprise me if this has to be setup in person.
asb002 said:Zaos said:Is there any reason not to go with the go! checking for the 10k in points? I'm not seeing it, perhaps someone else have.
Other than the points being worth very little there doesn't seem to be any downside. I can deal with that. Any idea when this promo will end? Have not been able to get over there yet.
According to the ad the "Offer expires 11/16/09." Still, I wouldn't put it off too long. They may be locked into that date, but I wouldn't risk early termination of the offer. What this offer is worth to you depends, I suppose, on how much you're thinking about putting into the account.
cga said:According to the ad the "Offer expires 11/16/09." Still, I wouldn't put it off too long. They may be locked into that date, but I wouldn't risk early termination of the offer. What this offer is worth to you depends, I suppose, on how much you're thinking about putting into the account. Thanks, this will be perfect for my wamu, erm Chase CDs maturing soon.
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Message edited by: Zaos on 2009-10-26 15:45:11 CDT
I did. The 2.25% rate is for a savings account, with a passbook. When I opened the account I didn't ask if receiving the passbook is optional. Frankly, I like the idea of a passbook, only because (as long as you always use it) you have further proof of deposits.
I did. The 2.25% rate is for a savings account, with a passbook. When I opened the account I didn't ask if receiving the passbook is optional. Frankly, I like the idea of a passbook, only because (as long as you always use it) you have further proof of deposits.
I guess she thought I was too young for one then. I do know how they work, but I think account statements will do. Besides, they don't update very often and don't reflect these ACH transactions quickly.
Thank you for posting the brochure. I took it into the Downtown Buffalo branch and they told me the rates were only offered in Rochester. I pressed and the branch manager called the back office and faxed them the brochure. The back office said they had to honor the offer. Wouldn't have happened without the brochure.
An additional bonus is their $100 cash for setting up a direct deposit on the required checking account. Hopefully an ACH transfer into the account will qualify.
Thanks again.
Message edited by: rebateh8tr on 2009-11-03 20:20:41 CST
Anyone know their fund avaliability policy? I deposited a check over a week ago and they are still holding it. Account has been open for almost a month now.
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