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%.

Update: As of July 5th, the Premier Savings Account now pays 3.75% APY on balances up to $35K and 2.50% APY thereafter. The actual interest rates are 3.69% and 2.47%, respectively.

Edit by Moderator: Clarified Title
Edit by Moderator: Clarified Title

HOT!

Mark

Cheezy website scares me. What have people's experiences been like with this bank and account?

I agree.

I have been with them for more than a year and do all my bill pay through them. I also have a branch near my place and go there once in a while to deposit money. They are awesome.


fatsoccer said:Hey, they're very good. I've been with them for over 1 year and very happy. As long as a bank is an FDIC member, you got nothing to worry about.

slimcustomer said:Cheezy website scares me. What have people's experiences been like with this bank and account?

i've been with presidential for over a year and they rock. no need for emigrant/ing.

opened too many in a span of 3 wks, time to stop

****Banking Regulations limit the number of pre-authorized or telephone funds transfers to your other accounts or third party transactions to six (6) each 30 day period; no more than three (3) can be by check or draft. If you routinely exceed these withdrawal limitations, the bank may close the account.

hi - just called presidential - they do not support quicken 2005 and will not support quicken in the future; however, they do support money.....

anyone else with experience with this bank? been planning to put some money into emigrant for a while, but if this is good and legit, that's where the money'll roll!

They pulled a hard on the checking, I'd imagine they do the same here.

They do a hard pull and whats worse, they reject applicants sometimes for no reason. I think once they fill their quota they have no interest in additional accounts.