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Originally Posted by poundwise
I posted a link to Bank United's deal myself some time back, but the only problem is, unlike GMAC, OneUnited, etc., you need a minimum balance of $5,000 to obtain the stated APY.
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I think they may just require a minimum deposit of 5,000 to open the account, but it doesn't seem crystal clear. From their account disclosures
SIGNATURE SAVINGS
Rate Information:
Tier 1 - If your daily balance is more than $0, but less than $2499.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.
Tier 2 - If your daily balance is more than $2500.00 , but less than $9999.99 , the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.
Tier 3 - If your daily balance is more than $10000.00 , but less than $24999.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.
Tier 4 - If your daily balance is more than $25000.00 , but less than $49999.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.
Tier 5 - If your daily balance is more than $50000.00 , but less than $99999.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.
Tier 6 - If your daily balance is more than $100000.00 , but less than $199999.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.
Tier 7 - If your daily balance is more than $500000.00 or more, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%."