iGo Banking has $1.00 minimum requirement on Savings

Written by No Comments Updated: September 17, 2010
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That’s right. iGo Banking only requires a $1.00 minimum balance in your savings account at the end of each day. Included in this sweet deal are:

  • no fees
  • no monthly maintenance charges
  • you can access iGo anywhere

By saving with iGo Banking, you can earn 1.21% APY.  Understand, that this is a rate offered online. iGo is a banking service that is done all electronically. Now, this being said, there have been several precautions taken to ensure that your money is safe. Flushings Savings Bank, the producer of iGo has been around since 1929, and is simply adapting to the needs of the times.

In order to begin your banking experience with iGo, you can click their savings link on their website, and in six easy steps, you are on your way to “big money!” Well, maybe not “big money,” but earning more on the money you save. Make sure you have your:

  • social security number
  • driver’s license
  • information about loans and mortgages
  • current bank and routing numbers
  • Also be aware, that you must be at least 18 and a resident of the U.S. to open an account

However, be weary. Although 1.21% APY sounds great, the interest might not last. That rate is subject to change after you open your account. If you are looking for fixed rates be sure to look at cd accounts

When I first heard of iGo, I thought that Apple came out with a banking system. However, this FDIC insured bank is not owned by the multi-million corporation, instead, is a division of Flushing Savings Bank. Refer to our complete IGO Banking Review for more about the IGO Bank.




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