Fremont Investment Bank has been providing top class products and services since 1937. It offers competitive interest rates and has an excellent group of customer service representatives. It also provides phone banking and banking through Internet. The information provided by customers is highly safeguarded using a high quality software.
Products and Services offered by Fremont Investment Bank:
Certificate of Deposit Accounts (CDs)- The high yielding CDs of Fremont Investment Bank offer tailor-made terms and minimum balance requirements to suit one's needs. The bank's CDs paid consistent higher rates than any other eminent financial institution of the same category during the first three months of 2006. CDs of Fremont Investment Bank paid an average APY (Annual Percentage Yield) of 4.62% for the period January 2006-March2006 which is substantially higher than any of its close competitor. The minimum opening balance is $1,000 and the interest is credited monthly. However there is a penalty for early withdrawal.
Specialized Certificates of Deposit- The Upgradeable CD of Fremont Investment Bank provides interest rate guarantee of a fixed term CD. It also offers the opportunity to upgrade the CD in case the rate move up. The up gradation must take place anytime during the term and the maturity date remains unchanged. With the up gradation the entire balance starts earning the higher interest rate. Additional deposits allowed are unlimited and interest is compounded daily and credited monthly.
Statement Savings- The savings account holder enjoys unlimited access to his funds but the additional advantage is that the rate of interest that his savings earn is comparable to any other CDs. There are higher interest options for higher balances. The minimum opening balance is as low as $100. Interest is credited monthly and the status of the account is mailed to the account holder every month.
Money Market Deposit Account(MMDA)- With the Apple Indexed MMDA one can earn more than 6 month CD National Average rate. Higher balances fetch higher interest rate. The opening balance of Apple Indexed MMDA offered by Fremont Investment Bank is $10,000. Access to funds is available in the sense that the account holder can write up to 3 checks. The terms and conditions in case of MMDA are almost similar except that the minimum opening balance is $1,000.
Individual Retirement Accounts(IRA)- IRA CD offers an interest rate that is fixed for the term of account. Terms are available for 3-5 years. Minimum opening deposit is $500. Mandatory Distribution is allowed without early withdrawal penalty. A Liquid IRA Savings Account is also offered by Fremont Investment Bank. This provides almost all the benefits akin to that of IRA CD and direct deposit is also available.
Reasons for Transacting with Fremont Investment Bank:
- One need not fear about identity theft while dealing with Fremont Investment Bank. This is because it doesn't solicit personal information through the Internet or over the telephone.
- One will enjoy his experience with Fremont Investment Bank, since the bank has an extensive experience in dealing with investment or loan services.
- Fremont Investment Bank has an extensive branch network in California and there is a telephone banking service center with 24 hour automated information.
- A family can combine accounts with different ownership to insure their investments