Contents
The Offer
- My eBanc is offering 5.23% APY on a 12-month or 18-month CD.
Our Verdict
This is a new leader in high yield CD accounts, see a full list of top rates here. My eBanc is FDIC insured. Feel free to discuss your experiences with the bank in the comments below.
Hat tip to reader Glenn
Gone
Looks like the offer is history ….it is not showing anymore…or at least I can’t find it
Dead? Link does not show those rates.
I think we will be seeing more and more rates pop up like this.
Whatever bank you choose, please be sure that you can get your money out easily if you need to; I have found that a local branch makes a world of difference. Check “fees and limits” for how much (monetary limit) you are allowed to withdraw, every day, week, month before opening an account anywhere. If you can’t find it in print, ASK.
This bank was owned by Nicaragua’s Grupo Pellas and was then acquired by Brazilian Banco Bradesco. I’ll pass this offer up due to concerns about the ownership. The CEO and 2 senior executives at Banco Bradesco were charged with influence peddling, corruption, racketeering and money laundering by Brazilian financial regulators a few years back.
This is a good call out as their main branch doesn’t appear to serve US Citizens/Residents so FDIC insurance or not, it appears to be an interesting operation and the juice might not be worth the squeeze.
Bradesco BAC Florida Bank
My eBanc is a division of Bradesco BAC Florida Bank, a FDIC insured, Florida Chartered. With over 45 years of experience and a track record of strong, and continuous performance it has been awarded a 5-star rating by Bauer Financial Inc., one of the leading bank rating and research firms in the United States.
Your comment is straight from the ‘About Us’ section of their website. My concern is not with solvency of the bank but the corporation that owns the bank. I’d rather take a slightly lower rate with a bank that’s not owned by a corrupt Latin American financial conglomerate. But to each their own.
Then you probably won’t be dealing with a lot of banks for instance
“Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations”
The settlement, which includes the largest fine ever imposed by the Consumer Financial Protection Bureau, allows the bank to resolve claims that it had harmed millions of consumers since 2011.
“Wells Fargo’s rinse-repeat cycle of violating the law has harmed millions of American families,” Mr. Chopra said in the regulator’s statement. “This is an important initial step for accountability and long-term reform of this repeat offender.”
© 2022 The New York Times Company
Holy moly! Thank you!
That’s tempting. I wonder what the penalty is for withdrawing early.
looks like it’s at 4.71 currently