Some are willing to give you a little money in return. Since you need both a business savings account and a personal savings account, here’s a sampling of how three of the top ranked online banks stack up today.
$100 Bonus with a Business Savings Account
ING Direct often offers bonus incentives for opening savings and checking accounts. This is their latest enticement.
The Business Savings Account pays a 1.05% Annual Percentage Yield plus a $100 bonus just to open an account by February 28, 2010. You must use Reference Code BSA323 to be eligible for the $100.
- No minimums, hidden fees or service charges
- Access for up to 3 authorized signers for added flexibility and security
- Manage your account online with 24/7 accessibility
Learn more at www.business.ingdirect.com.
Personal Savings Account Deals
If higher interest rates are more tempting for you, FNBO Direct or Ally Bank (formerly GMAC Bank) might be your cup a tea. Kiplinger’s Personal Finance magazine selected FNBO Direct as their favorite savings account for 2008. Advertised rate is currently 1.40% APY. Kiplinger’s selected Ally Bank offering 1.44% APY, for the same honor in 2009.
Ally Bank Online Savings Account drew Kiplinger’s interest for:
- No minimum deposit to open the account
- No monthly fees
- No minimum balance
Ally also offers a no-penalty certificate of deposit (CD).
FNBO Direct also offers No minimum balance but states on their home page that they do charge fees and require a $1.00 minimum balance.
All three of these internet banking institutions are FDIC insured for up to $250,000.00.
