Tag Archives: FWF Banking

Any and all threads from the FWF archive related to bank accounts, opening bonuses, or banking in general.

FWF Archive

FWF Archive: Bank Interest Rates?

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This is an archival post; the contents are well over 2 decades old, but some details may still be relevant.

I am editing some details.

Originally, all links were redirected from the forums, but they don’t work anymore. These require manual editing to remove the redirects and restore the URLs.

The copy/paste process is also compacting lines, so I do need to edit the spacing. I am also removing duplicate posts. And finally, some light edits to mispelled words.

Please refer to the parent page for information about FatWallet Forums and this project.

Date Posted: Oct/11/2001 2:25 PM
Posted By: sub0cool
Rank: Senior Member

I just saw this new forum and decided to ask a question.

I’m thinking of opening a Bank Savings Account.
Generally, how much interest do you earn with it?
Date Posted: Oct/11/2001 2:48 PM
Posted By: Blieb
Rank: w00t!

Often times it will depend on how much moolah you have in your account.

Don’t take my word as the final say, but I think from 1.8-4% …
Date Posted: Oct/11/2001 3:34 PM
Posted By: zulugrid
Rank: Ancient Member

Most B&M banks that I know of give you only a tiny bit of interest (ie, Wells Fargo “Regular Savings” offers only 0.5% interest), but ING Direct will give you 4.0% (wasn’t that 4.4% a few months ago?).
Date Posted: Oct/13/2001 10:52 AM
Posted By: cousinit
Rank: New Member

can anyone explain how the interest rates work?
for example if you have a $1000 in a savings account at ing drawing that 4% how much would you make a month?
Thank You in advance
Date Posted: Oct/13/2001 11:25 AM
Posted By: reggae4k
Rank: New Member

from what i know interest rates are based upon a yearly basis. it is a yearly compound. 40 bucks from 1000.
Date Posted: Oct/13/2001 1:34 PM
Posted By: Cyberbishop
Rank: Charter Member

Yep, the interest INGDirect posts on their website is the APY, annual percentage yield.
In other words, if you don’t touch your principle for a period of 12 months, the balance will grow by 4% at the end of the 12-month period.

The actual interest rate is something like 3.97%, compounded monthly. Most banks compound interests daily (and post monthly).
Date Posted: Oct/13/2001 3:36 PM
Posted By: reggae4k
Rank: New Member

its so awesome to know stuff like this about money and finance
Date Posted: Nov/07/2001 12:36 AM
Posted By: Cyberbishop
Rank: Charter Member

Wow, this is pretty said INGDirect only pays 3.50 APY now …
Date Posted: Nov/07/2001 3:43 AM
Posted By: speedman
Rank: New Member

heh you can’t really blame them. The way the things are going we will hit 0.25% Fed fund rate pretty soon!
FWF Archive

FWF Archive: American Express Membership Banking: $2500 min deposit for $100 bonus, an initial deposit of $1,000 for a $50 cash bonus

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This is an archival post; the contents are well over 2 decades old, but some details may still be relevant.

I am editing some details.

Originally, all links were redirected from the forums, but they don’t work anymore. These require manual editing to remove the redirects and restore the URLs.

The copy/paste process is also compacting lines, so I do need to edit the spacing. I am also removing duplicate posts. And finally, some light edits to mispelled words.

Please refer to the parent page for information about FatWallet Forums and this project.

Date Posted: Oct/10/2001 8:15 AM
Posted By: ericpu
Rank: Senior MemberBank online with Membership B@nking from American Express Centurion Bank.
We offer top rates and up to $100 bonus when you open a Money Market or
Interest Checking account1 and fund it with:


an initial deposit of $1,000 for a $50 cash bonus
an initial deposit of $2,500 for a $100 cash bonus

To take advantage of this offer, click here
don’t know whether it’s refer( at least not mine), try : http://banking.americanexpress.com/bdp/bankrate.jsp?aexp_in=SBC01290006&CCode=MBG32502910107
Date Posted: Oct/10/2001 8:52 PM
Posted By: dorkyden
Rank: Senior Member
2Kmo’ fine prints:
Your Membership B@nking account must be open for at least six months or the bonus will be forfeited. The value of your bonus will be reported as interest income and is taxable. Monthly account maintenance fees will be waived if you maintain a combined average daily balance of $5,000 in your Money Market and Interest Checking accounts (monthly fees are $5.00 and $7.50 respectively), or an average daily balance of $2,500 in a stand-alone Interest Checking account or $5,000 in a stand-alone Money Market account. Offer valid for new Membership B@nking customers only.
FWF Archive

FWF Archive: American Express Membership Banking: $3000 min deposit for $75 bonus, $2500 min to waive fees.

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This is an archival post; the contents are well over 2 decades old, but some details may still be relevant.

I am editing some details.

Originally, all links were redirected from the forums, but they don’t work anymore. These require manual editing to remove the redirects and restore the URLs.

The copy/paste process is also compacting lines, so I do need to edit the spacing. I am also removing duplicate posts. And finally, some light edits to mispelled words.

Please refer to the parent page for information about FatWallet Forums and this project.

Date Posted: Oct/09/2001 10:26 PM
Posted By: Cyberbishop
Rank: Charter MemberAmEx Membership Banking (Not sure if it’s a referral…)

1 Your bonus will be deposited to your Interest Checking account 4-8 weeks after your Membership B@nking account has been approved. In order to qualify for the bonus, you must open and fund your account with the minimum balance(s) described above. Your Membership B@nking account must be open for at least six months or the bonus will be forfeited. The value of your bonus will be reported as interest income and is taxable. The monthly account maintenance fee is $7.50 for Interest Checking. If your combined average daily balance in your Interest Checking account is $2,500 or more, or if the average daily balance across all of your Membership B@nking accounts is $5,000 or more, your monthly account maintenance fees will be waived.

4× $1.50 ATM rebate per month.
FWF Archive

FWF Archive: First Community Bank: $1,000 min deposit, 3×$10-bonus for direct deposits and 3×$5-bonus for direct withdrawal

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This is an archival post; the contents are well over 2 decades old, but some details may still be relevant.

I am editing some details.

Originally, all links were redirected from the forums, but they don’t work anymore. These require manual editing to remove the redirects and restore the URLs.

The copy/paste process is also compacting lines, so I do need to edit the spacing. I am also removing duplicate posts. And finally, some light edits to mispelled words.

Please refer to the parent page for information about FatWallet Forums and this project.

Date Posted: Oct/09/2001 10:23 PM
Posted By: Cyberbishop
Rank: Charter Member

First Community Bank

With a new Checking With Interest Account (2.55 to 3.00 APY), if you start a new direct deposit, you’ll get a one-time bonus of $10, and you can get 3 of them! If you start an automatic withdrawal like your insurance premiums, gas bill, or mortgage payment, you get $3 for each up to 5!

Checking Disclosures
For the Checking With Interest Account, if your balance goes below $1,000 at any time, there is a charge of $10 for that monthly statement cycle. In either case, interest is still earned, no matter what the balance.

I’m wondering if PayPal transactions count as DirectDeposits/ ACH withdrawals… They are handled through the ACH, right?  
Message edited by: Cyberbishop on 10/09/2001 22:29:59
Date Posted: Oct/12/2001 1:29 PM
Posted By: BIGTCQB
Rank: Senior Member

Bad news, guys & gals

This offer is only good in the State of Ohio

I called them last night and asked them to call me back in the morning because I had a question that the CSR on duty couldn’t answer, and they wound up telling me that, for security reasons, they couldn’t verify who you are by mail, etc., and they won’t do business out of state. They only have 3 bank branches total. It is a very hot deal, though, for Ohio state residents.

BIGTCQB