Centennial Bank’s Variable Rate Savings Account: 3.30% APY
Thanks to BankVibe reader Trent for pointing out a spectacular savings rate of 3.30% APY through Centennial Bank for balances above $100,000. Before I proceed with the rate details I’d just like to point out that, like most high yield savings accounts this comes with a variable interest rate and can change at anytime. In fact, they even mention on their website that their variable rate changes every month. The 3.30% APY is for the month of April (which is almost over) and will change next month.
These abnormally high (and arguably teaser) rates keep popping on the scene. Remember what just happened with Redneck and Evantage bank? They just had their money market account rates plummet from a currently unheard of 3.10% APY to a rather ordinary 2.00% APY in just a couple months (perhaps just after securing hundreds of new accounts).
Centennial Bank’s Variable Rate Savings Account:
(April 2009)
- For balances of $500 – $10,000 earn an APY of 2.28%
- For balances of $10,000 – $25,000 earn an APY of 2.53%
- For balances of $25,000 – $50,000 earn an APY of 2.79%
- For balances of $50,00 – $100,000 earn an APY of 3.05%
- For balances of $100,000 + earn an APY of 3.30%
