High Yield Savings Account, Addison Avenue and GMAC (4.04% and 2.25%)
High Yield CD offers have been very weak lately, but there are two decent High Yield Savings Account deals that may be of interest fellow Masters. This week GMAC offers a savings account deal with a 2.25% APY with as little as $0 to $500 but Addison Avenue steps it up with a 4.04% APY and a 1.01% APY Dividend Checking Account paid out monthly if you can pony up $25K for an account.
Addison Avenue Credit Union, who are they? The following are key financial data and rankings about Addison Avenue Federal Credit Union:
Size: Our asset size is over $2.0 billion, placing us as the 41st largest credit union in the US (out of approximately 8,300 credit unions nationwide).
Rating: Our federal regulator, the National Credit Union Administration, has rated Addison Avenue Federal Credit Union among the safest credit unions in the country.
Reserves: The Credit Union has reserves totaling over $233 million. This produces a ratio (reserves to assets) of 10.68%. This is over 50% higher than what is required by the National Credit Union Administration (NCUA).
Addison's online checking account - click to go their site and learn more
Offer unlimited, fee-free access to tons of ATMs. Pay
an ultra-competitive dividend rate. With these conveniences and
features, opening a Dividend Rewards Checking account should be a
no-brainer.
GMAC's High Yield Savings Account Offer - Click Here to go to GMAC's Offer
| Balance | Rate | APY |
|---|---|---|
| $0 - $499.99 | 2.23% | 2.25% |
| $500 - $4999.99 | 2.23% | 2.25% |
| $5000 or more | 2.23% | 2.25% |
Important Disclosures -- Annual Percentage Yield, Accurate as of 04/17/2009
$1 minimum opening deposit required. The rate assigned will be the rate
in effect as of the date that your initial deposit is received. Rate
may change after account opening. Fees could reduce earnings on
account. Interest compounded daily. All accounts are subject to
approval.
The Masters are always on the hunt for High Yield CD's and similar products offered by Banks and other financial institutions. In today's
market playing High Yield CD's and taking advantage of High Yield Savings account is just another way to build your equity when stocks are performing poorly.
The Stockmasters care the most about the 3 month and 4 month CD offers, and consider some of the 6 month, 9 month, and 1 Year options if the rates are good.
Every week we compile CD offers that are worth your attention and post them for your benefit. Click here to read the latest CD's we found. Other CD offers from our Sponsors:
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