Online Bank Reviews Best Banks 2011 » E-Loan Savings Plus http://banktruth.org Best Banks Bank Reviews Best Rates Sat, 04 Feb 2012 11:00:09 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 E-Loan provides Savings PLUS http://banktruth.org/best-savings-rates/e-loan-provides-savings-plus/ http://banktruth.org/best-savings-rates/e-loan-provides-savings-plus/#comments Wed, 05 May 2010 05:01:41 +0000 AccountReviewer http://banktruth.org/?p=960 Brand new to the E-Loan list of services is the Savings Plus account. The principle, "the more you save, the more you earn" describes the process of gaining interest. With the Eloan Savings Plus account, customers can get a rates as high as  0.65% APY. The savings interest is compounded daily, but credited monthly.  However, if you are just interested in a savings account, E-Loan includes this in their online banking as well. The main difference between the average savings account and Savings Plus is  the fact that there are higher rates offered and there is a commitment that must be made for the Savings Plus Account. This commitment involves a minimum deposit of $100.00 » Read more
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]]> Brand new to the E-Loan list of services is the Savings Plus account. The principle, “the more you save, the more you earn” describes the process of gaining interest. With the Eloan Savings Plus account, customers can get a rates as high as  0.65% APY. The savings interest is compounded daily, but credited monthly.  However, if you are just interested in a savings account, E-Loan includes this in their online banking as well. The main difference between the average savings account and Savings Plus is  the fact that there are higher rates offered and there is a commitment that must be made for the Savings Plus Account. This commitment involves a minimum deposit of $100.00 per month. However, with that commitment, the APY rates skyrocket. E-Loan offers a chart comparing savings accounts and Savings Plus.

And even though these two Eloan accounts may seem very different, there are many similarities that link savings accounts and Savings Plus Accounts. For example,  the minimum deposit for both of  these accounts is $5,000. They both share the same withdrawal limit, which is six, each month. However, the deposit transactions between whichever bank account, savings or Savings Plus, you have and your linked accounts is unlimited.

E-Loan also offers:

  • a strict privacy policy, making sure your information is secure.
  • No fees (see fine print)
  • CD accounts and other many many marvelous services

Just visit their E-Loan Savings Plus Home Page to see everything they offer! Read our E-Loan review to get a look at the history, services, and ratings of Eloan.

E-Loan Accounts are FDIC insured.


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