HSBC vs Citi vs ED vs anyone else

[poundwise]

Originally Posted by BTC

Bank United is offering an account yielding 5.0%.

$5000 min to open
$2500 min to avoid fees

[BTC]

Originally Posted by poundwise

$5000 min to open
$2500 min to avoid fees

Their website says a minimum balance of $300.00 is necessary to avoid fees, which is less than GMAC I believe. Where did you see $2500?

Some of their disclosures seem to contradict one another.

[poundwise]

Originally Posted by BTC

Their website says a minimum balance of $300.00 is necessary to avoid fees, which is less than GMAC I believe. Where did you see $2500?

Some of their disclosures seem to contradict one another.

My mistake. I either had old information or, more likely, I confused this account with another offer. (Or, perhaps most likely, the have changed the details recently. As you noted, some of the disclosures do not match up with the other info offered on the site.)

Regardless, there is a minimum to open of $5000 but I visted the site and you are right, there are no fees as long as you maintain a balance of $300.

Unfortunately, I also learned that a balance of $301-$4999 is pretty pointless in this account...

"Minimum balance required to obtain the stated APY is $5,000."

[poundwise]

Originally Posted by BTC

Their website says a minimum balance of $300.00 is necessary to avoid fees, which is less than GMAC I believe. Where did you see $2500?

Some of their disclosures seem to contradict one another.

My mistake. I either had old information or, more likely, I confused this account with another offer. (Or, perhaps most likely, they have changed the details recently. As you noted, some of the disclosures do not match up with the other info offered on the site.)

Regardless, there is a minimum to open of $5000 but I visted the site and you are right, there are no fees as long as you maintain a balance of $300.

Unfortunately, I also learned that a balance of $301-$4999 is pretty pointless in this account...

"Minimum balance required to obtain the stated APY is $5,000."

[VJW]

The ‘Vanguard Prime Money Market Fund’ is yielding a fairly competitive 4.74%. It requires an initial minimum of $3,000. It has the added advantage of being able to move in and out of their other stock and bond mutual funds very quickly.

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