Another Rate-Cut Friday at Ally Bank

I'm afraid it's another rate-cut Friday at Ally Bank. The cuts may not all be due to the pressure from the FDIC. Several other banks continue to cut rates so the interest rate environment is also to blame. The online savings account rate dropped under 2% to 1.95% APY. The money market account rate also fell. It's now 1.70% APY (down from 1.80%). Most of the CD rates were cut. The no-penalty 9-

4.01% Reward Checking Account at First Bank & Trust in SD - Nationally Available

First Bank & Trust is offering a reward checking account called easyGROW Checking. The account has the following rates and features if certain monthly requirements are met:4.01% APY on balances up to $25,0000.75% APY on portion of balance over $25,0000.20% base rate if monthly requirements are not metRefunds all ATM fees worldwide without limitThe monthly requirements include:10 Visa check card

Update on ING Direct's Electric Orange $50 Promotion

ING Direct has another $50 promotion for opening a new Electric Orange Checking account. A reader just forwarded me the promo info that ING Direct had emailed. The promo page is located at www.ingdirect.com/electric50, and the new reference code is EM295. The account must be opened by 7/31/2009.You're required to use your Electric Orange Debit Card Card to make at least 3 signature-based

WTDirect's Online Savings Account Promotion - Nationally Available

WTDirect has started another new-account bonus similar to the promotions it ran last December and last August. As you might expect in this low-interest rate environment, the bonuses are quite a bit lower than what they offered before, but when you combine this new bonus with WTDirect's competitive rates and their online banking features, it's a decent deal in today's environment.Here's the link

$120 Checking Account Bonus at Comerica Bank

Comerica Bank is offering a promotion called the Sensible Stimulus Package. The promotion page is at comerica.com/Sensible. It says you can make up to $230, but based on what I've read and what I've been told by a Comerica CSR, only $120 would be doable and worthwhile for most people. The $120 checking bonus isn't too bad, but it will take some time and some work. To qualify for this promotion,

Bank of Internet's New Advantage Savings Account with a 2.50% APY - Nationally Available

Bank of Internet USA has launched a new high yield savings account called Advantage Savings Account. As of 7/07/09 it pays 2.50% APY on all balances. The features are very similar to their High Yield Savings Account except that it also provides limited Bill Payment. It allows you to make up to 3 Bill Payments per month. The limit of 3 is likely due to Bill Payments being considered checks, and