Palladian Private Bank, a division of The PrivateBank and Trust Co. is offering a very competitive 1.70% APY savings account rate and a 12-month CD paying 1.90% APY.

Palladian Private Bank, a division of The PrivateBank and Trust Co. is offering a very competitive 1.70% APY savings account rate. That's one of the best savings account rates according to the BestCashCow rate tables. The bank is also offering a competitive 1-year CD that pays 1.90% APY.

Details of the offer include:

  • Available nationally
  • Minimum deposit of $10,000
  • Account can be opened online and funded via ACH from another online account
  • CD APY is effective for 14 calendar days from the date on which the application is receiced.
  • No POD beneficiaries

Palladian's parent, the PrivateBank was founded in 1989 and has approximately 800 employees. PrivateBank has $12.1 billion in assets and 3/12 out of 5 stars according to Bauer Financial for its safety and soundness.

As a note, Palladian Private Bank seems a bit well, private. There is no mention of it on the PrivateBank website. I did call PrivateBank to confirm that Palladian Private Bank is a legit subsidiary.

Reviews

  • JRodgers

    March 29, 2010

    I was able to easily get $15,000 into an account with the initial ACH transfer. I haven't been able to figure out how to get more in or get this amount out. Definitely not as straightforward as other online accounts listed on this site.

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