Online Bank Deals

Reviews and Comparisons of Online Banks and Savings Accounts

Archives for the 'Promotions' Category

Motivate your money. Here’s $25 to start. (Sept. 26)

Dear XXXXXXX,
Customer Number: XXXXXXX
Electric Orange.
Works like checking, earns like savings.
Now, there’s a whole new way to bank. It’s everything you need from one account. You decide when it works like checking and earns like savings.
Get started today and earn $25 bucks!
Simply open an account by October 31, 2008 and use your Debit Card to […]

MB Interest Checking

Wow, MB has a really good deal on an interest-bearing checking account. The 5.00% APY rivals rates on a number of online banks, and the $5,000 minimum account balance is realistic and attainable. This is an account I’m thinking about opening myself.
MB Interest Checking is the Best Deal in Town!
MB Financial Bank’s Interest […]

Chase’s awful interest rates on savings accounts

If you have at least 5,000 and no understanding of economics, JPMorgan Chase Bank, N.A. would like to hold your money for you. I had logged in to check the balance of my checking account when I noticed a promotion for Chase’s savings accounts. I’ve reproduced the ad here for your amusement. […]

New money at HSBC earns 6.00% APY through April 30

Another email from HSBC Direct just arrived in my inbox. This one announces a new promotion — new deposits into HSBC Direct’s Online Savings accounts will earn an impressive 6.00%* APY through April 30, 2007. As far as I can tell, this is the best deal around.
It just so happens that […]

Grand Yield Direct Promotion Code

I opened the new online savings account at the Apple Bank for Savings, called Grand Yield Direct, with the promotion code “789″, as advertised on bankrate.com. The Grand Yield Direct account, as of January 21, 2007, carries a 5.27% APY, putting it among the highest-yielding of the no-minimum deposit accounts. The 789 promotion is […]

Why VirtualBank should be more like ING Direct

It’s time that the people at VirtualBank rethink their referral program. While on one hand it offers a very nice theoretical payout for converting all of one’s 50 available referrals, $1000, the way the program is structured makes it very difficult to actually receive that amount.
I’m not saying it’s misleading to suggest […]

Tips on converting referrals

Without giving away the keys to the store, I thought I’d write a few general pointers on how to convert ING Direct and VirtualBank referrals.
First, respond to a request for a referral immediately. You have to anticipate that, with the hundreds of readily available web pages offering referrals, the person making the request has […]

Apple Bank - New kid on the internet banking block

Apple Bank for Savings, a New York state chartered savings bank and Member FDIC which traces its roots back to 1863 Manhattan, has recently entered the online banking arena with the Grand Yield Direct account. Grand Yield Direct, as of January 4, 2007, has an APY of 5.27%, which exceeds the rates of most […]

MetLife Bank Money Market Account $50 Bonus

Offer expires 12.15.06
MetLife Bank is offering a $50 bonus for new accounts opened with a minimum of $5000. The account offers a 4.50% APY for balances above $5000; balances below $5000 earn 1.00% APY.
To receive the $50 bonus, you must deposit at least $5,000 of new funds in your MetLife Bank Money Market Account […]

Looking for a virtual bank bonus?

You’ve come to the right place. Two of the more popular online banks offer referral bonuses as a reward to existing customers and an incentive for new customers. To help you understand more about these offers, I’ve written an in-depth review of referral programs focusing on the two main players, ING Direct and […]