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Apple Bank Joins the High-Yield Savings Game with Grand Yield Direct

By Jim Bruene Posted on
Categories: Apple Bank, Deposits, Checking, Savings, CDs, Direct Banking

Google_highyield_25sep06_1Yesterday, a new advertiser appeared at the top of Google searches for "high-yield savings accounts (click on inset for closeup)," Apple Bank for Savings <theapplebank.com>. The New York-based thrift is marketing the 5.25% APY account under the brand name, Grand Yield Direct <grandyielddirect.com>.

To market the account, the bank uses a single-product microsite powered by Digital Insight (see screenshot below). The Apple Bank name and logo appear in the lower-right corner in a subtle graphic image, but there are no links back to the main bank site. The online application is hosted by CashEdge (click on continuation link for screenshot).

The new product joins an increasingly crowded field that just two years ago was owned by ING Direct. Just yesterday, E-Loan launched its 5.5% savings account (see NB 26 Sep).

Applebank_grandyield_1

First page of the online application hosted by CashEdge

Applebank_grandyield_appfromcashedge

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