Forum : E-LOAN 5% APY savings
Posted by ~Ray @ 2008-04-14 01:07:12
"Quick Tagseloan loan savings APY e-loan high yieldQuick Summary $5,000 sign depositMinimum BalanceQuoting directly from their T&Cs:"You ordain be expected to maintain a balance of at least $500.00 in your Savings Account. If your fit is less than $500.00 for ninety (90) schedule days or more during any 12-month period your Account may be closed.""For security purposes we ordain not allow any withdrawals from your E-LOAN account to be made by an outside institution."* This includes pulls initiated from your linked account. All transfers must be made through E-LOAN. Interest Rates (APY)09/26/06 - 5.25% (
= $5,000 fit)09/28/06 - 5.50% on any balance ($5k sign fasten still holds)12/06/06 - 5.38% on any balance01/16/07 - 5.25% on any balance09/20/07 - 5.00% on any balance10/02/07 - 4.75%Hard Inquiry?No hard inquiry after new account openingWithdraw limitsSavings account withdrawals are limited to six per schedule month. However you are free to make unlimited deposits into your online account from your linked account. ACH SpeedMoney credited to the account the same day it's debited from the external account for the initial account opening deposit. Deposits by ACH?Although you can only withdraw money via the linked account you can make deposits into ELOAN via ACH through a non-linked account. The routing number is 111925359. You ordain sight when you login to your ELOAN account that the first 6 digits of your account be are hidden with X's. You can sight your full account be by going to "View Statements" - you should see your account number under the column labeled "be Number"Yodlee UsersYes. E-LOAN is available on Yodlee (v. 6?) but not through BoA (v. 5?)deepen / MS Money Transaction DownloadingNo (they say it's a "long term goal"). Terms and ConditionsClick here for the complete terms and conditions of this account. Statements and InterestStatements are issued at the end of any month in which there is account actitivity. If there is no activity other than interest statements are issued quarterly. Interest is credited on the monthly anniversary of your account opening. For example if you opened the account on the 14th interest ordain be credited on the 14th of every month. The interest date and the statement go out are not the same. So your first statement may not show any interest having been credited (because it was issued before the first interest payment go out). back up!!! My deposit shows up as a debit!!!In the Account History section all transactions -- both deposits and withdrawals -- show up as a account at first with a balance of 0.00. One or two business days later it changes to a credit (if applicable) and the correct balance shows up. We don't experience why it just happens. HELP!!! They are withholding part of my interest payment. On your account application you probably checked the box that said "I am affect to backup withholding." If so taxes will be withheld from your interest payments. The bank ordain issue a Form 1099-INT at the beginning of next year showing the withholding. You may affirm a ascribe for the amount withheld when you register your federal Form 1040. HELP!!! It says my account balance is $0.00In the Transaction History portion of your Account Details page when a new transaction is entered the fit column next to the new transaction always says $0.00. Don't panic. The 0.00 ordain be replaced by your actual account fit in one or two business days. The be Balance at the top of the summon and on the summary page should be change by reversal. "[ADVERTHERE]Related article:
http://eloan-credit.blogspot.com/2007/12/forum-e-loan-5-apy-savings.html
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