UmbrellaBank.com is the Internet banking division of New South Federal Savings Bank. New South Federal Savings Bank is a member of Collateral Family of Companies, which has been operating in the financial sector since 1933. Therefore, Umbrella Bank is a venture of experienced professionals with a real sound experience. Its financial products are well suited for realizing one’s financial goals and dreams. Since it is an internet bank, hence you can operate and manage your account at your convenience online 24 hours, 7 days a week.
You may want to get high rates of return with a Certificate of Deposit account. It requires initial minimum deposit of $1,000 to get the following interest rates:
30 Days CD get 2.276% interest, 2.300% APY
60 Days CD get 2.474% interest, 2.500% APY
3 Months CD get 3.211% interest, 3.250% APY
6 Months CD get 3.322% interest, 3.350% APY
9 Months CD get 3.187% interest, 3.200% APY
1 Years CD get 3.585% interest, 3.650% APY
1.5 Years CD get 3.730% interest, 3.800% APY
2 Years CD get 3.922% interest, 4.000% APY
2.5 Years CD get 3.922% interest, 4.000% APY
3 Years CD get 2.372% interest, 2.400% APY
4 Years CD get 2.372% interest, 2.400% APY
5 Years CD get 2.372% interest, 2.400% APY
*Rates are current as on 06/23/2008.
@ Monthly or quarterly transfer of interest to your account.
@ Monthly or quarterly interest checks are available.
@ Paper certificates will be mailed to you upon account activation.
@ You get online account access.
Your transactions over the internet are very safe. For secure transactions Umbrellabank.com uses 128-bit encryption, use of filtering routers and firewalls, and unique UserIDs and Passwords. For opening an account visit their site www.umbrellabank.com.