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 will be expected to maintain a balance of at least $500.00 in your Savings Account. If your balance 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 will not accept 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 balance)09/28/06 - 5.50% on any balance ($5k initial 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 remove 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 fasten. Deposits by ACH?Although you can only withdraw money via the linked account you can alter deposits into ELOAN via ACH through a non-linked account. The routing number is 111925359. You ordain notice when you login to your ELOAN account that the first 6 digits of your account number are hidden with X's. You can find your full account number by going to "View Statements" - you should see your account be under the column labeled "Account be"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 end 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 will be credited on the 14th of every month. The interest go out and the statement date 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 date). back up!!! My deposit shows up as a debit!!!In the Account History divide all transactions -- both deposits and withdrawals -- show up as a debit at first with a fit of 0.00. One or two business days later it changes to a credit (if applicable) and the correct fit shows up. We don't experience why it just happens. back up!!! They are withholding move of my interest payment. On your account application you probably checked the box that said "I am subject to backup withholding." If so taxes ordain be withheld from your interest payments. The bank will air a Form 1099-INT at the beginning of next year showing the withholding. You may claim a ascribe for the amount withheld when you file your federal create 1040. HELP!!! It says my account balance is $0.00In the Transaction History administer of your Account Details page when a new transaction is entered the Balance column next to the new transaction always says $0.00. Don't dread. The 0.00 will be replaced by your actual account fit in one or two business days. The Account Balance at the top of the page 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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