Breeze Online Banking
August 25, 2010 by · Leave a Comment
Breeze is an online banking platform that was created by the Standard Chartered Bank. Standard Chartered Breeze is an innovative and revolutionary new way to do banking from a virtual perspective. Banking is about money after all and Breeze allows its users to manage their money like they have never managed it before!
Breeze offers the flexibility that goes along with customizing the way you see your money over the internet, as well as how you move it and how you manage it (i.e. keep track of it). Breeze Online makes sure that you are the one who is in the driver’s seat of your own money. If you want to be in control of what is taking place in your bank account then Breeze is right for you! What is wonderful about Breeze as well is that comes in a language that you are sure to understand.
Breeze is a new generation online banking platform. It is out with the old and in with the Breeze! Developed in Singapore by the Standard Chartered Bank, Breeze will be available as an internet application in the very near future- think September 2010. It will be available at first only in Singapore and Malaysia but will be introduced in India and Hong Kong very soon after that. From there the rest of the world will come to know all that Breeze Mobile Banking from Stan Chart has to offer.
Breeze offers the first of its kind e-cheque or e-cheque application. What this means is that you can go online and sign a cheque. Then all you have to do is wait for the physical version of the cheque to be mailed to you. What could be simpler than that?
Breeze uses an intuitive interface that is easy to navigate. It also uses plain language that is … well, as plain as it needs to be! Examples of this include See, Move and Manage Your Money. Upon visiting the Breeze by Standard Chartered Bank website you will see what we mean.
Breeze is a wonderful way to improve the way that banking is conducted on a regular basis. It takes banking to a whole new level. It is mobile banking, internet banking and online banking but it is more than that. It is banking gone wild, but in a creative and advanced way!
If you are someone who likes to customize your icons then you can do this with Breeze. There is also a wish list function that makes it possible for you to consistently save for whatever it is that is on your wish list, be it a trip, a car, a new television, a new wardrobe or some new bedroom or living room furniture.
There are so many good points about Breeze that we could take all day to talk about it. Breeze offers reminders. This is an excellent feature because it means that you will never have to worry about missing a bill payment. It does not use a “dongle” for security purposes but instead what it will do is send an extra password to your phone by way of SMS. What more could you ask for from an online banking platform?
Grand Yield Direct Online Savings Account Rates
March 23, 2010 by · Leave a Comment
Grand Yield Direct is the online consumer products service provided by Apple Bank for Savings. They are a New York centered charter savings bank that was founded in 1863. In that time they have provided continuous and great service for their customers,even being given a superior rating by Bauer Financial for 10 consecutive years. Apple Bank for Savings is currently the third largest savings bank in the country, so you know that your money will be safe with their online branch.
When online banking hit a major boom recently they expanded their service with Grand Yield Direct to handle their online bank accounts. When considering interest rates the Grand Yield Direct online savings account rates are definitely high on the list.
The current interest rate for online savings is a 1.25% annual percentage yield. This is among the highest interest rates available and with a secure company as well. In order to earn this interest rate you must maintain a balance of at least $1.00.
When you initially open the account there is a $2,500 balance requirement, but there is no minimum balance once the account is open. You also need not worry about finding any hidden costs like maintenance charges or penalties that will prevent you from earning the most interest you can.
Like any online savings account your money is very flexible and liquid, so that you have access to it any time you wish. You can make transfers from other Grand Yield Direct account or external accounts as well. There are limits for the amount in transfers you can make.
You can make $25,000 in transfers in a single day and $75,000 within a 30-day period without incurring fees. Another huge benefit you get with this savings account is that the interest is compounded daily. Unlike most account where the interest is based on your average balance for the month, this account calculates the interest for each day.
This will earn you more in interest and maximize your savings account potential. However, you should note that in order to have online access to your account, you will need to sign up for online banking at no cost to you.
Presidential Online Bank Online Savings Account Rates
March 19, 2010 by · Leave a Comment
Presidential Online Bank has been in operation since 1995 and boast that they are the first online bank to exist. But that is just the online portion of the bank since the main branch of Presidential Bank was started in 1985.
The main branch of the bank operates out of Maryland however the online branch expands beyond the state with customers all over the country. Because online banks have lower operating costs they can offer much more competitive interest rates.
Currently the Presidential Online Bank online savings account rates are at a 1.25%. This rate places the bank right in the midst of the pack for online savings accounts and should definitely be considered. The account does require a minimum deposit of $5,000 to open the account, but there is no minimum balance once it’s open.
There are also no fees associated with the account, which will save you money in the long run. Keep in mind that the 1.25% APY is only for balances up to $35,000. Anything over that amount will earn a 0.75% APY, which is still a very competitive rate.
Another tool that you have with a Presidential Online Bank savings account is 24/7 access to your account. Not only can you get online access to your account at any time but also you can call the bank’s customer service number anytime as well. No matter what you need to do, you can do it any time that is convenient for you.
You do get statements for the account in the mail, but Presidential Online Bank will also keep an archive of these statements online as well. These online archives also include images of checks and deposit items. Anytime you make a deposit you can get confirmation by email, which is especially useful if you have an automatic deposit set up on the account.
That way you don’t have to check to see if it went through alright, you will get an email confirming that everything is fine. All of these benefits and the competitive rates make Presidential Online Bank a worthy consideration.
Bank of America Online Savings Account Rates
March 8, 2010 by · Leave a Comment
Bank of America burst onto the financial scene and seems to have been rising to the top ever since. They hold a little over 12% of all deposits in the United States, which makes it the largest bank by assets in the country.
And not only that but they hold a business relationship with over 95% of the companies on the Fortune 500 list, and just about 85% of the Global Fortune 500. This makes Bank of America quite a powerhouse in the banking world, which makes them a popular choice when choosing online savings account rates.
The current annual percentage yield for their online savings account is currently at 0.10%. This is on par with many other banks regular savings accounts and is becoming a more common rate for the online savings accounts as well. You can open the account with a minimum deposit of $25 and there is no minimum balance to earn interest for the account.
However, it is important to note that if you have less than $300 in the account then you will incur fees until you have $300 in the account. You will still earn interest on that amount but there will be a fee involved.
A great perk with the Bank of America online savings account rates is that you are not charged for making withdrawals to your account. Most other banks do charge for withdrawals, and Bank of America does as well for excessive withdrawals. But you start out each month getting three withdrawals that will not get charged a fee.
However, this is not the case if your balance is over $2,500, then you get any amount of withdrawals for free. You will have access to your account with any number of ATMs across the country as well as getting a monthly statement.
Also, you have the ability to set up monthly deposits to your online savings account in whatever amount you choose. And always keep in mind that will not prevent you from making additional deposits whenever you wish but if you are forgetful they can automatically do it for you.
ING Direct Online Savings Account Rates
February 28, 2010 by · Leave a Comment
Certainly not one of the most established banks for online savings accounts, ING has only been around since 2000, but in that time they have been able to establish a very good reputation with their customers. Most consumers who have an ING Direct online savings account report that they have never had a problem with the bank and have nothing but good things to say about it. So while they may not have won awards that other banks offering online savings accounts have, they are definitely worth considering.
ING Direct offers two different rates for their two separate online savings accounts. The first account, Orange Savings Account, is typically offered to consumers that don’t have many thousands of dollars to put into savings and has an annual percentage yield of 1.20%. The second account, the Electric Orange Savings Account, is best suited for those consumers who do have a large savings balance to deposit and will return a 1.45%. With most banks lowering the rates offered for their online savings accounts these rates are very good even if they may lower slightly they will still be good.
There are no minimum deposit amounts for opening up either of these accounts, which makes them easily accessible to anyone who is interested. Another great advantage you have is that there are no fees for transferring money between your online savings account and any other accounts you have, even if they are with other banks. That is not to say that those other banks won’t charge you a fee, but ING Direct certainly will not. Transferring money is very easy and can be done online, over the phone, or with a customer representative in person. Usually transfers are completed in 2 to 3 business days, which makes it very easy to get access to your money.
You can also easily link your ING Direct online savings account to any checking account that you wish. Of course all ING Direct accounts are automatically linked for you, but you can choose any 3 checking accounts with other institutions that you wish. And you can bank safely with ING Direct since they are FDIC insured, making it a very safe place to keep your money
Citibank E-Savings Account Rates
February 28, 2010 by · Leave a Comment
Citibank is the arm of the financial services giant Citigroup that handles all of their consumer banking. It was founded in 1812 and has been a major player in the United State’s financial scene ever since. Currently, Citibank is the fourth largest bank in the country for domestic deposits. Because of this they are a great bank to trust for your online savings account.
The current rate for the Citibank online savings account bank is 0.75% for any balance under $25,000. This does change occasionally as the financial markets change and adjust but it is impossible to predict when or how that rate will change. Citibank does reward its customers for having high balances of over $25,000 by giving them a very generous 1.01% annual percentage yield.
These rates only apply to the online savings account so if you are being quoted something drastically different then if may be wise to check what kind of account they are referring to. It is also important to note that the e-Savings account is only available by phone or through Citibank’s website. If you are in a branch then you cannot open this kind of account and it likely won’t be offered to you.
There is a minimum deposit amount of $100 to open the account initially. But once the account is open there is no minimum balance that you must maintain. Before you apply then you should also know that you must have another eligible account with Citibank or you will be barred from having an online savings account. You can open both account online at the same time and that will be suitable but you may have to go to a branch at some point to provide additional documentation for their files later.
You have a few choices for your second account; you can have an EZ Checking account, a Citibank checking account, or a Citigold account. The two accounts must be linked so that they will both appear on your statement. This is easy to do as long as both accounts are opened with the same name and Social Security Number. Both accounts will be subject to Citibank’s approval but can be opened online or over the phone.
Chase Online Savings Account Rates
February 26, 2010 by · Leave a Comment
JP Morgan Chase bank is a leader in global financial services and is currently located in more then fifty countries. They added more branches and services when they recently bought and merged with Washington Mutual bank. They offer many rewards for their loyal customers including higher interest rates, dedicated customer services numbers and exclusive access to online tools and advice.
Their online savings account is a case of less is definitely not more. There is a minimum deposit requirement and you could be subject to some fees on the account. There are not a lot of fees but there will be the standard overdraft fees and perhaps transfer fees depending on what account type you chose. Currently if you keep merely the minimum amount of money in your account then the annual percentage yield is at a 0.25%.
However, if you go for an online savings account type with a higher balance then you can get that up to around 1% APY. These rates do fluctuate depending on the stability of the stock market and the current condition of the bank itself. But regardless it definitely pays to have more money in your Chase online savings accounts than less.
While these rates may not seem to be the highest, they are still competitive in the current financial market. And you have the added benefit of being with a stable bank that has been in business for over a hundred years. If you have a high enough balance to get a premium or platinum account then you can expect to be rewarded for it. Not only will your online savings account rates be higher at that point, but also you get extra rewards on top of that.
You can get an assigned banker that handles anything and everything with your account so that you don’t have to deal with a bunch of different people. You can also get special interest rates for a short period of time or other discounts that are only offered to highly valued customers. So if you have a lot of money to move around then Chase is definitely the place you want to be.
HSBC Direct Online Savings Account Rates
February 25, 2010 by · Leave a Comment
Investors flock to liquid accounts like online savings accounts for a number of reasons, but one of them is stability and security for their money. HSBC Direct is the online arm of HSBC, which is the fourth largest bank in the world and is consistently one of the most profitable.
For this reason HSBC Direct is able to offer among the best interest rates for their online savings accounts. Their current interest rate is at 1.35%. While this may seem low considering the much high rates of the past few years, it is nearly impossible to find many rates that approach 2% in the past year or so. And if you do, there are likely to be a lot of restrictions on the account or a lot of fees involved. Given the current economic climate 1.35% is a very good rate for an online savings account and the other benefits you get are unbeatable.
One of the greatest benefits of an HSBC Direct online savings account is that there is no minimum balance requirement. This is rare for any savings account that accrues interest and even rarer for an online savings account. Add to this that there are absolutely no fees for this account and you have a true gem of an online savings account. You can transfer as much money as you like and not incur any fees or any fees no matter how often you use the ATM.
You can also link your HSBC Direct online savings account to any other accounts you have with HSBC Direct or the main branch of the bank. All of them will be available to you with Easy View. This allows you to have one login name and a single password to have access to your account. With this view you can view you accounts and manage them all online. This way your online savings account, loan, mortgage, and credit card will never get forgotten because they are all right there. These are just a few things that set the HSBC Direct online savings account rates apart from others in the industry.
E-Loan Online Savings Account Rates
February 24, 2010 by · Leave a Comment
E-Loan is a subsidiary bank of Banco Popular North America, which is a New York chartered bank that has FDIC insurance. It is a very large national bank that holds over $12 billion in assets. E-Loan is the branch of the larger bank that handles most of their online savings accounts and their associated rates. Because of the online nature of their business they have less paperwork for you to fill out and the strictest privacy policy in the banking industry.
When you are looking for the rates on an E-Loan online savings account, you will typically run across two different rates. The first is the rate for the basic online savings account. This account requires a $10,000 minimum balance and had an annual interest yield of 1.1%, as of February 12th 2010.
This rate does fluctuate with the market so the current rate that is being offered could be higher or lower. If the balance falls below the minimum then you may not be eligible to earn interest or there may be fees associated with the account until it is brought back to the minimum balance. There are typically very few fees with E-Loan online savings account, but all of the fees will be disclosed to you before you open the account.
E-Loan also recently began offering an online savings CD account that has a significantly higher interest rate of 5.5%. While this is a very lofty interest rate, you should note that this is typically only offered as an introductory rate that usually drops to around 2.6% annual percentage yield. This is higher than the traditional online savings account and has the same $10,000 minimum balance.
There are also no fees associated with the online CD savings account, even inactivity or low balance fees. However, there are a few drawbacks to the CD account over the savings account. First is that if the balance falls below $500 for more than 90 days the banks reserves the right to close the account.
Also, you typically have less access to your money with this kind of account and may lose the high interest rate for debiting the account too often. Weigh both of these options carefully before deciding which E-Loan online savings account rates is right for you.
Capital One Online Savings Account Rates
December 30, 2009 by · Leave a Comment
Banks are eagerly competing in this economy to earn your business and some of them are offering high interest rates to entice you, especially online. It will be a long time before we see rates as high as 5% as we did in the fall of 2008, and most traditional banks are offering and average of .25% APY for their savings accounts. But a handful of financial institutions are offering much higher than that for an online savings account rates at Capital One is one of them.
Capital One is offering 1.60% Annual Percentage Yield on their InterestPlus Online Savings Account. This account does have a minimum deposit requirement to achieve all the interest benefits, but if you can maintain the requirement minimums, the details are great. You will earn 1.60% APY with a minimum of $2,500 in your account. You also receive an extra 10% of your interest every quarter if you have at least $15,000 on deposit or use a Capital One credit card at least one time during each month.
This is one of the best high yield interest savings accounts available among the top national banks. Your money is FDIC insured and Capital One is a stable, secure company with $100 billion in deposits and 50 million customers. There are no monthly fees for the account. You get free, easy online transfers and they offer electronic statements for their customers who want to “Go Green” and are environmentally conscious. There is a limit of 6 withdrawals per month. The Capital One website has great rate calculators and earnings tools that will show you the benefits of their higher interest rates.
Opening the account is easy. Log onto the website and give your personal information. Indicate what type of account you need and whether you will need beneficiaries or joint owners. Then indicate how you will make your deposit, either electronically or by sending a check. You will get your packet in 10 days and can make simple online withdrawals/transfers to your personal checking account at any other bank if needed.
We, as consumers, should all have money in savings. It is important to have money set aside for emergencies and long-term goals. Banking online is safe if you do your research and check out the bank you are working with. The rates offered for online savings accounts are sufficiently above the traditional offerings and you should check them out, it’s a great decision for your future.
