E-Loan Bank
Most people have heard of E-Loan Bank for home mortgages and refinance loans, but may not be aware that they’ve just announced that they’re an offering online savings account and an E-Loan Bank CD (certificate of deposit) now too. So we here at HighestInterestSavings.com thought we’d better take a look and let you know what is going on over at E-Loan Bank.
The E-Loan savings account has interest rate yields of up to 2.00% APY. These online savings account offers start at a minimum deposit of $5,000 and yield from 1.21% to 2.00% APY when they grow over $100,000. That’s a pretty decent payoff from this E-Loan savings account.
In fact, that E-Loan Bank online savings account seems to beat ou the E-Loan Bank CD rates for shorter-term certificates. For the longer term (past 18 months), certificates with a minimum of $10,000 can earn 1.95% or greater APY with 6-year CDs gaining an unusually high 3.15% APY.
For the shorter term or for easier access to your money, the E-Loan savings account is probably the better choice for most people, but you’ll have to decide for yourself which would be better for your circumstance.
E-Loan Bank is a five-time consecutive winner of the Keynote WebExcellence #1 pick. They were also awarded the TRUSTe Top 20 Award for online privacy in the United States. All E-Loan Bank accounts are FDIC insured, of course.
We feel it’s definitely worth your time to look at an E-Loan savings account or an E-Loan Bank CD. Their offers are very competitive.