AloStar Bank of Commerce Review(s) and CD Rates

AloStar Bank of Commerce, based out of Birmingham, Alabama was originally founded to supplement the “bedrock” of the American economy by focusing it’s efforts on two major segments of the US population – deposit savers and businesses.

Important Note about AloStar Bank: AloStar Bank was formerly Nexity Bank. They are just one of several online FDIC-insured banks that have changed their name after the 2008 bank collapse due to negative consumer associations Read more…

Alabama: 6 Month CD Rate doubling the national average!

We were just forwarded a phenomenal 6 month CD rate coming out of Alabama which happens to be beating the national average by almost twice the APY. Coosa Pines Federal Credit Union (Alabama residents only) is now offering it’s members a 6 month CD yielding a whopping 1.25% APY (national average sits at just 0.63% APY) with a minimum deposit of $1,500 required.

Quick History of CPFCU:

Coosa Pines Federal Credit Union was Read more…

Regions Bank CD Rates and Review

Regions Bank, the first multi-bank holding company in Alabama, was originally formed in 1971 as First Alabama Bancshares Inc. With the combination of three well-respected banks, the holding company began operations with a total of $543 million in assets and 40 banking locations in Birmingham , Huntsville and Montgomery. Today they operate in 16 states across most of the southeast to midwest.

How Regions Bank got it’s roots…

Regions Financial Corporation traces its Read more…

Highest yielding money market account rates in Alabama

Below are the highest yielding money market account rates serving citizens of the state of Alabama.

If you are strictly after the best interest rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in Read more…

Rewards Checking Account in Alabama paying 4.01% APY

Anyone looking to deposit $100k into a high-yield, FDIC insured, interest bearing checking account? If so, SouthPoint Bank out of Alabama has a great deal on their “rewards checking account.”

Currently, they are offering an interest rate of 4.01% APY paid on all balances up to $100,000, with 1.01% APY paid on balances above that amount.

Thanks to BankVibe reader Sean for sending this one in!

One thing that slightly worries me about this rate is that it became effective back in April Read more…