Comments on: EverBank FreeNet Checking Account Review http://banksavingsreview.com/everbank-freenet-checking-account-review/ What People Really Think About Online Savings Accounts Tue, 07 Sep 2010 22:52:03 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Pio Caesare http://banksavingsreview.com/everbank-freenet-checking-account-review/comment-page-1/#comment-2191 Pio Caesare Mon, 06 Jul 2009 23:26:27 +0000 http://banksavingsreview.com/?p=191#comment-2191 Be careful that you understand the rate they are offering. Yes, it is 3.01% for the first three months, however, the graphic they show makes it seem like you will get 1.96% in months # 4 - 12. That's what you think, correct? However, the 1.96% is the 12 month APY overall for that first year -- including the 3.01% for the first three months. That means you are getting somewhere around 1.5% (not 1.96%) for months # 4-12. This is still a good deal compared to most other offerings, unfortunately a little deceptive in my opinion. If I am wrong on this (I don't think I am), please post otherwise. Be careful that you understand the rate they are offering.

Yes, it is 3.01% for the first three months, however, the graphic they show makes it seem like you will get 1.96% in months # 4 – 12. That’s what you think, correct?

However, the 1.96% is the 12 month APY overall for that first year — including the 3.01% for the first three months. That means you are getting somewhere around 1.5% (not 1.96%) for months # 4-12.

This is still a good deal compared to most other offerings, unfortunately a little deceptive in my opinion.

If I am wrong on this (I don’t think I am), please post otherwise.

]]> By: Richard Lee http://banksavingsreview.com/everbank-freenet-checking-account-review/comment-page-1/#comment-1850 Richard Lee Fri, 26 Jun 2009 04:24:50 +0000 http://banksavingsreview.com/?p=191#comment-1850 Thanks for the info! I went to the website and saw that you need 10 debit card purchases per month in order to qualify for the account though. That's too many purchases for me and I wouldn't say the requirements are low. Thanks for the info! I went to the website and saw that you need 10 debit card purchases per month in order to qualify for the account though. That’s too many purchases for me and I wouldn’t say the requirements are low.

]]> By: Mike from Cash Flow Moe http://banksavingsreview.com/everbank-freenet-checking-account-review/comment-page-1/#comment-1845 Mike from Cash Flow Moe Fri, 26 Jun 2009 02:46:14 +0000 http://banksavingsreview.com/?p=191#comment-1845 I have a rewards checking account with Renasant Bank that pays 4.00% with no minimums. There are a few requirements each month that are easily attainable such as use of a debit card, direct deposit, paperless statements, etc. If you check with banks in your area, I bet you can find a similar deal. I have a rewards checking account with Renasant Bank that pays 4.00% with no minimums. There are a few requirements each month that are easily attainable such as use of a debit card, direct deposit, paperless statements, etc. If you check with banks in your area, I bet you can find a similar deal.

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