expired Posted by georgerobert • Apr 9, 2024
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expired Posted by georgerobert • Apr 9, 2024
My Banking Direct High Yield Savings Account: Earn Up To
($500 Minimum Deposit)5.55% APY
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My Banking Direct offers up to 5.55% APY when you open High Yield Savings Account with $500 minimum deposit.
Thanks to community member georgerobert for finding this deal.
Thanks to community member georgerobert for finding this deal.
Editor's Notes
Written by megakimcheelove | Staff- The Annual Percentage Yield (APY) is accurate as of 4/10/2024. Rates are variable and are subject to change without notice.
- The My Banking Direct High Yield Savings is a tiered rate account. The minimum balance to open the account is $500. If your daily balance is $50,000 or more, the APY is 5.55%. If your daily balance is between $10,000.00 and $49,999.99, the APY is 5.55% If your daily balance is between $1.00 and $9,999.99, the APY is 5.55%.
- My Banking Direct, a service of Flagstar Bank, N.A., reserves the right to change the rate at any time without notice. Fees could reduce earnings.
- My Banking Direct is a service of Flagstar Bank, N.A.
- Flagstar Bank, N.A. is FDIC insured.
- Other HYSA accounts to consider:
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Deal Details
Community Notes
About the Poster
My Banking Direct offers up to 5.55% APY when you open High Yield Savings Account with $500 minimum deposit.
Thanks to community member georgerobert for finding this deal.
Thanks to community member georgerobert for finding this deal.
Editor's Notes
Written by megakimcheelove | Staff- The Annual Percentage Yield (APY) is accurate as of 4/10/2024. Rates are variable and are subject to change without notice.
- The My Banking Direct High Yield Savings is a tiered rate account. The minimum balance to open the account is $500. If your daily balance is $50,000 or more, the APY is 5.55%. If your daily balance is between $10,000.00 and $49,999.99, the APY is 5.55% If your daily balance is between $1.00 and $9,999.99, the APY is 5.55%.
- My Banking Direct, a service of Flagstar Bank, N.A., reserves the right to change the rate at any time without notice. Fees could reduce earnings.
- My Banking Direct is a service of Flagstar Bank, N.A.
- Flagstar Bank, N.A. is FDIC insured.
- Other HYSA accounts to consider:
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https://www.mybankingdi
A: In the unlikely event of a bank failure, the FDIC responds in two capacities.
First, as the insurer of the bank's deposits, the FDIC pays insurance to depositors up to the insurance limit. Historically, the FDIC pays insurance within a few days after a bank closing, usually the next business day, by either 1) providing each depositor with a new account at another insured bank in an amount equal to the insured balance of their account at the failed bank, or 2) issuing a check to each depositor for the insured balance of their account at the failed bank.
https://www.depositacco
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https://www.mybankingdi
2Visit fdic.gov for more information about FDIC insurance coverage.
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**Annual Percentage Yield (APY). 5.50% APY 5-month CD is accurate as of 4/10/2024. The interest rate for the 5 month CD is 5.39%. The interest rate remains fixed until maturity. Fees could reduce earnings. A penalty may be imposed for early withdrawals. The minimum balance to open the account and obtain the APY is $2,500. My Banking Direct, a service of Flagstar Bank, N.A. reserves the right to cancel or modify this offer at any time without notice.
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https://www.depositacco
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https://www.mybankingdi
A: In the unlikely event of a bank failure, the FDIC responds in two capacities.
First, as the insurer of the bank's deposits, the FDIC pays insurance to depositors up to the insurance limit. Historically, the FDIC pays insurance within a few days after a bank closing, usually the next business day, by either 1) providing each depositor with a new account at another insured bank in an amount equal to the insured balance of their account at the failed bank, or 2) issuing a check to each depositor for the insured balance of their account at the failed bank.
Here is a start. Read at least the bullet points and make sure you are comfortable with it:
New York Community Bank's online arm is paying the nation's highest interest rate [cnbc.com]
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Here is a start. Read at least the bullet points and make sure you are comfortable with it:
New York Community Bank's online arm is paying the nation's highest interest rate [cnbc.com]
Our community has rated this post as helpful. If you agree, why not thank Joedaddy123
First, on a 3-way call with old bank for a big initial transfer, MBD couldn't find my account for 5-minutes, so we had to cancel.
Second, the transfer seems slow. Other online banks would do same-day/next day transfer and interest accrual. It seems like MBD take 2+ full days, perhaps losing 2 days of interest.
I know I'm nitpicking on losing 2-days of interest, but at a high amount transfers, it could mean I get to supersize my Big Mac meal or not using interest money.
Super extra note, no "early" paycheck ACH like Wealthfront / Sofi (another possible day or two of interest lost)
First, on a 3-way call with old bank for a big initial transfer, MBD couldn't find my account for 5-minutes, so we had to cancel.
Second, the transfer seems slow. Other online banks would do same-day/next day transfer and interest accrual. It seems like MBD take 2+ full days, perhaps losing 2 days of interest.
I know I'm nitpicking on losing 2-days of interest, but at a high amount transfers, it could mean I get to supersize my Big Mac meal or not using interest money.
Super extra note, no "early" paycheck ACH like Wealthfront / Sofi (another possible day or two of interest lost)
I had to zero my account out there for something, and I didn't see a big issue. It wasn't a big amount though. I recently transferred some $$ due to the new interest rate and will add some reviews after it's done. I need to confirm that interest accrues during holding period (5 days).
Their app somewhat sucks, you can't even see your rates there. Be sure to use their website for most things
https://ir.mynycb.com/news-and-ev...fault.aspx
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