1.40% APY Best savings interest rate with Beach Business Bank
Beach Business Bank has a money in the bank deal with their savings account that still offers competitive interest rates at 1.40% APY for a minimum balance of $10,000. The high yield savings account gives 1.00% APY if the balance galls below $10K.
This high interest savings account is not posted on their rates page. All you can find on their interest rates page are the numbers for their different offices. We were able to contact the bank a few days ago. Take note though that the savings interest rates may be changed any time without notice. Make sure that you have the latest numbers by calling them via their toll free number 866-862-3878.
When we spoke with the CSR with regard to this savings account, we were given these important infos:
- The CSR made it clear that this offer is a savings account and not an MMA
- Account holders can mail in their deposits
- Withdrawals and deposits can also be done via wire transfers( outgoing fees are $10 for domestic and free for any incoming funds)
Your best choice will actually be to use their ACH service in place for your transactions in case you don’t live near one of their offices. Like any other savings account, six withdrawal limits apply.
Beach Business Bank operates branches in Long beach and Manhattan Beach in California.
The bank is adequately performing according to Bankrate.com and BauerFinancial. It is covered by the FDIC with certificate number 57678.
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Tags: Bank, Beach Business, Beach Business Bank, Business Bank