State Farm Savings Account

Like a good neighbor, State Farm is there. Actually, I’m not sure of any neighbor that pays interest on a savings account but if there was you’d want it to be State Farm.

If you’re looking for a savings account with bank that’s been in business for a quite a while, the State Farm savings account is an option for you.

The savings account pays interest on a tiered level. So unless you’re sitting on a boatload of cash, you’re likely to get a below average interest rate.
Ally Bank
There’s also more than a few tidbits of information that you should know if you’re under or over 18. Which accounts for everyone reading this article as the savings account imposes fees tied to balance restrictions.
The savings account does come with features such as 24 hour toll-free service, free internet banking and access to ATM fee rebates.
Is this savings account right for you? I’d recommend it for those that have an existing relationship with State Farm as it would be an easy way to keep your accounts consolidated and if you’re pleased with their service. This tends to go along way when things go wrong and you need a quick resolution.
Otherwise, for a higher savings account rate you’d want to check out other online savings accounts available or check some cd rates.
-FDIC Insured
-Variable, Tiered Interest Rates (yuck!)
-Minimum Opening Deposit of $100
-$3 monthly fee if $100 minimum balance is not kept

First Trade Union – High and Mighty Savings Account

Current APY: 3.04% – 3/31/2009
First Trade Union Bank is offering a high rate savings account. The rate is one of the highest online but comes with some caveats. The bank is solid and has a good reputation for customer service. Their online experience isn’t top tier but the high rate more than makes up for it.

Perhaps the most unattractive feature of the Mighty Savings Account from Union Bank is that the rate is tiered. Union Bank requires that you keep a minimum balance of $2,500 to keep the high rate. Fall below that minimum balance and you’ll receive a measly .50% APY.

Fall below $250 and monthly fees apply. In addition, first deposits must be made by check (what a hassle). Online transfers are limited but capabilities look to be there in mid-2009. The bank is FDIC insured and has options for business, personal loans and high yields.

For those that don’t mind the initial hassle of mailing in a check and a cumbersome online process but love APY’s, the High and Mighty Savings Account is right for you.

Along with the great APY, they offer such conveniences such as free online banking (limited capability), an ATM card and synergy with other First Trade Banking Services.

-Minimum balance of $250 to avoid $2.50 monthly fee
-Minimum balance of $2,500 to get high interest rate
-FDIC Insured
-Limited Transfer Capability
-First Deposit Must be made by check

You can open the savings account

AARP (Members Only) Savings Account Solution

Retired Folk, I salute you: when people say that children are our future, that’s nothing more than a bunch of pro-playground propaganda. I used to be a kid- that’s right, I’ve been there- and I’m here to tell you that childhood is in the PAST, baby, and retirement is the future. Forget all about your hopscotch and jungle gym antics- my future is all about shuffleboard and Matlock fanatics.

But in hard times, even retirees need to be smart with their nest eggs. So, if you’re a member of AARP, you might be happy to know that you’re eligible for a variety of AARP’s savings accounts as powered by Waterfield Financial. Among your current options are a High-Yield Savings account with  a 1$ minimum balance to open and maintain your account.

If you need your savings to be a bit more fluid, they also offer a couple of different options in the form of a Secure Money market account which right now offers a 0.30% APY for balances below $25,000, and a 0.40% APY for balances of $25,000 and above. 

If your nest egg is enough to feed a small village (a pretty big egg!), then you might be more interested in the Jumbo Secure Money Market Account. With an account balance of $50,000 or more, you get to benefit from their 1.05% APY. Of course, with an account balance like that in today’s economy, you probably don’t need any tips on saving from a ragamuffin like me!

With any of these savings accounts, you’d be glad to know that there are no monthly service fees, and you’d have the option of using their free ATM Card and their ATM Fee Reimbursement Program. But if writing checks is your modus operandi, one of the Money Market accounts is probably more your forte.

In order to be eligible for this savings account, you must be an AARP member. You can apply online here.

So if you want your retirement years to be more silver than grey, AARP’s savings accounts may be the right plan for you. Just don’t lose it all in a shuffleboard bet gone awry!

Star One Credit Union – Savings Money Market Account

For billions of years, stars in the great unknown of outer space have formed into formidable celestial bodies of undeniable energy and power. 

Credit Unions formed much the same way, coalescing the dollars of cooperative communities into formidable financial institutions of undeniable savings and interest. Star One Credit Union, then, is appropriately named- but unlike its astronomical counterpart, it is unlikely that Star One Credit Union will one day turn into a super nova, obliterating the majority of planets in our solar system. 

Not impossible; just unlikely.

Instead of a science fiction apocalypse scenario, Star One Credit Union instead offers a Money Market Savings account with a good rate. This institution is a solid savings opportunity. 

It is a hassle to open this savings account as it’s for members only. The membership application is cumbersome and isn’t recommended unless this credit union one you’re dying to get into. I only see that if you’re looking for a local credit union.

They do offer all sorts of nice online goodies (easy online access, bill pay, etc.) to make maintaining your accounts as convenient as possible.

This particular Savings and Checking plan is pretty straightforward, but that is indeed a simple beauty to be desired in a credit union. And with a 4-star rating from and insure by the NCUA, Star One Credit Union is unlikely to have a supernova meltdown on you anytime soon.

Wells Fargo – Goal Savings Account

Some of you fellow savers out there are mere digital voyeurs when it comes to your financial interests. You secretly covet the fantastic savings account Annual Percentage Yields that those young kids across the street seem to be getting all the time, all the while wondering why you get sweaty palms at the thought of a bank that only seems to exist in binary code. Well, that’s nothing to be ashamed of since a large part of preparing for your financial future is peace of mind, and if you’re hesitant to put your nest egg into anything but an old fashioned Scrooge McDuck-type vault, that’s your business.*
For those of you that want to be able to manage your savings through the internet while still having the option of the brick-and-mortar variety near your house/trailer/cave, the Wells Fargo Goal Savings account may be a solid option for you. This particular plan only takes a $100 minimum deposit, or a $25 deposit if you decide to set up monthly transfers. That way, you’ll be able to get your savings started up with a reputable brand-name bank, and still be able to share in the digital convenience of secure online balance/statement viewing that seems to be all the rage these days.
Now, because Wells Fargo is the sort of bank that likes to have things like “buildings” with “people” in them, there are some slight stipulations they require in order to keep this account free as possible. In order to avoid that $3 monthly fee, you have to keep either a $300 minimum daily balance or a regular deposit from either another Wells Fargo account or a Direct Deposit source. Also, the APY is only 0.05%, which is pretty good compared to its competitors- but not as high-yield as, say, a high-yield savings account.
On the other hand, this savings account would have nice synergy with a Wells Fargo Checking account should you choose to opt into their Overdraft Protection plan, and you would get the benefit of doing all your banking with one of the best names in the business. That’s a better bet than trusting your money with the bank I just started up: we essentially stick your money in a sock underneath my bed, all the while hoping that China doesn’t invade us and change the national currency to the Yuan. My fingers are crossed.
So if you want the convenience of maintaining your savings online while still looking for the security of a bank that’s a household name, Wells Fargo’s Goal Savings is a solid start. If, however, you’re feeling more adventurous, the Bank of Under-My-Bed is taking new customers as well (it’s a pretty big sock, after all).
*”Nest Egg” and “McDuck” in the same sentence: brilliant!

Bank of Internet High-Yield Savings Account

Despite the rough economy, the internet has financial opportunities galore. For example, just this morning I received an email from a gentleman in Nigeria that was friends with an uncle of mine that I never even knew existed! In order to be the sole heir to his will all I have to do is deposit $1,000 a week for three months in order to pay for the associated executor costs, bank transfer fees, Nigerian Internet Scam Tax, etc. Fantastic!
Now, not all of you may have been lucky enough to have your Dad’s long-lost brother spill his seed throughout the African continent, so I propose another great destination for your hard-earned cash: a Bank of Internet High-Yield Savings account. With a competitive 2.00% APY, Bank of Internet is an especially great option if you’re just starting out on your savings endeavor. With no minimum daily balance required, no monthly maintenance fees, and only a $100 minimum initial deposit required, this account is especially great for you internet-savvy first time-savers.
Bank of Internet also makes an ATM card available when you sign up for your High-Yield Savings account. In case you require your savings to be flexible in unforeseen circumstances, you can make up to 6 transfers/withdrawals during any given statement cycle (per the Federal Limit). However, you might want to keep such withdrawals to a minimum since High-Yield Savings accounts tend to be more effective when you don’t spend the money you’ve already put in. So while you may be tempted to use your Bank of Internet’s $1000 in savings to buy one thousand 99¢ tacos, keep in mind that an untouched $1000 in a Bank of Internet High-Yield Savings account would net you about 20 tacos a year on interest alone!
Even if you don’t like tacos (though I know that you do), this Bank of Internet High-Yield Savings account is still a pretty good deal in today’s tough economy. The account is FDIC insured, and with no minimum account balance or account fees, it’s about as free as money can get. That is unless you have a long-lost rich Nigerian Uncle you didn’t tell me about. Lucky.
Find out more here.

Trying to Discover a Safe Bank? – Try Univest

Univest is a small bank that has quietly assumed the position of being one of the top banks in the country for several reasons.  The Univest savings account is a strong offering by a strong rooted bank.
As they state on their site, there are several reasons to trust your dollars with Univest Bank. They’re a stable bank that has solid customer service and an assortment of tools. 
There’s still not a solid grade on Univest but they sure seem to have covered all of concerns of the average consumer.
With no monthly or maintenance fees, Univest is unique bank. One also has the choice of combining the Internet Savings Account with Univest’s Online checking account. This checking account can be accessed anytime online. Other great benefits of Univest includes its easy to use online money transfer tools.

For people with less cash, the Anytime Online savings account can be used as over draft protection for your Anytime online checking account. The higher than national average interest rates can also help you save your hard-earned money.

When you transfer money from your Univest online savings account or your Anytime Online funds transfers to any bank in the country, there is no charge.

Univest is all paperless. You can view your account online.

With a Univest account, all transactions at an ATM are free within the AllPoint Network and the account is an FDIC insured savings account.

The rates are low and are what you expect from a typical bank. However, the bank seems to put the customer first and that can be worth more than a higher interest rate for some.

Keep the Change – Bank of America

Bank of America is offering a creative and fun way to save start saving money. It’s called Keep the Change. The way it works is that Bank of America rounds up every purchase made with your Bank of America Check Card to the nearest dollar and then transfers the difference to your savings account from the checking account. It is a very simple and rewarding program.
Bank of America will also match the savings made from this program 100% for the first three months which means every transfer made through the program will put the same amount of money in your account and when the three months are over Bank of America will match savings at 5% a year, every year which means even more money in your savings account every year.
This program will give you up to an extra $250 per year and who can’t use a little extra money these days? What could be simpler?
And the best thing is that you will be saving money with purchases you make everyday such as coffee, gas and groceries. This will especially pay off for those that rely on their check card for everyday purchases and even change the spending habits of others.
The only negative aspect of Keep The Change is that the program only works with your Bank of America Savings Account and that account is very accessible. The best savings plans are those that involve savings account that aren’t easily reachable. Saving money is easier when it is out of sight. In this case, it’s right next to your checking account.
All that is needed to take part and to start saving money with this rewarding Keep The Change program is a Bank of America checking account, check card and savings account.
Get started.