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2% Savings Account up to $20,000
Old 12-06-2010, 03:22 PM   #1
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Join Date: Feb 2007
Posts: 2,169
2% Savings Account up to $20,000

Ok, so 2% is nothing to get too excited about but it's about double of most online savings accounts.

FreeMONEY(SM) Savings

You earn 2% on up to $20,000 and there are minimal hoops to jump through. You need to link it to one of their free checking accounts but there are no time requirements like for a CD. The FreeMoney e-Checking requires 2 outgoing transactions a month.

This bank has branches in OH and PA, I don't know if you have to be a resident or if anyone can open online. We have a local branch so I just when it. A postcard offering a $10 Lowes gift card came in the mail so it was worth it to stop in to open the accounts.

The checking also has a $75 bonus for setting up Direct Deposit and a $25 credit for your first $25 of debit card purchases. This was offered at the branch, I don't know if it also applies for online accounts but I would expect that it does.

Married, both 61. DH retired June, 2010. I have a pleasant little part time job.
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Old 12-06-2010, 08:24 PM   #2
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,292
I checked the link to verify it was FDIC. It is FDIC and I recognize the name Dollar Bank from somewhere. I checked the CD rates and it asked for my zip code and responded that they don't offer services in my area.
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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