I opened up a new account at Umbrellabank a few weeks ago with the minimum to earn 5%, which was $1000. Yesterday, I sent an extra $11,000 to the on line bank. I am a little leery of banking with a bank that is online only and so is dh.
I really sure put a large sum of money in there to earn the higher interest rate, but I will probably do it just a little bit at a time for now.
I am worried that I will transfer a lot into the bank, and then they will lower the rate, like ING did.
Does anyone bank with Umbrellabank??
Transferred $11,000
January 15th, 2008 at 03:44 pm
January 15th, 2008 at 06:47 pm 1200422868
January 16th, 2008 at 05:33 am 1200461636