Grand Yield Direct - Grand Yield Savings Direct

Rates and Account Review

Last Update: May 1, 2008

 

 

Grand Yield Direct is the consumer online banking partner of Apple Bank for Savings, which has been in operation since 1863 and services over $5 billion in assets. Apple Bank for Savings stands today as the fifth largest savings bank in the State of New York.

 

Yields and Rates

Contact

Balance

APY

Interest Rate

$1

2.75%

 2.71%

www.grandyielddirect.com

(800) 588-5871

 

Reviews

 

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Yield Trend

 

 

Account Features

 

Minimum Deposit

$2,500

Monthly Fee

None

Minimum Balance

None

Compounding

Daily

 

Account Review

 

The Grand Yield Savings Direct account opened for business with a rate of 5.00% annual percentage yield and failed to make a splash equal to those made by Emigrant Direct or E-LOAN. Since its opening, yields have crept up to 5.27% apy but dropped over time to it's current yield below 3.00% apy.

 

This account started as a "no-minimum" online savings account, but now requires a minimum deposit of $2,500 to open. The personal checking account that you use to make your initial ACH deposit can be linked to your Grand Yield Direct account for easy transfers in and out of the account.

 

 

 

 

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