We are working to give you the savings account rates and features of different banks. In this series, we will discuss about the Intervest savings rates and its features. Intervest Bank is located in New York and they have a full service banking center at Rockefeller Plaza in New York.  It is a wholly-owned subsidiary of Intervest Bancshares Corporation. They offer a wide range of products and services to suit the needs of different kinds of customers. They have lending products as well as savings products like CDs, money market accounts and savings accounts. Each of these products has a host of features and very competitive rates of interest.

The Intervest high interest savings accounts are ideal for people who are looking to earn some interest as well as have the flexibility to withdraw as and when they want. The minimum amount required to open an account is $100 and there is no monthly fees, if you maintain a minimum of $500 everyday. Interest is compounded daily and it is credit to your account. This is a good feature because this will earn you more money in the form of interest. Every savings account holder can access their account online or through the telephone. This saves the hassle of going to the local branch every time you need something. Also, a monthly statement is mailed to you for your reference.

The current Intervest Savings account rates are 0.85% for all balances and for all terms. These rates are reasonably good in the current banking environment.