Barron's Online
December 11, 2000

Barron's Table

Banking In Cyberspace

Online banks typically pay higher interest and charge lower fees than their bricks-and-mortar brethren, but not always.

Financial Institution Website Checking Acct.($2,500 Balance) 6-Month CD 24-Month CD HELOC Interest Rate 30-Yr. Fixed Jumbo Mortgage 15-Yr. Fixed Conventional Mortgage Commission For Nasdaq Limit Order
American Bank pcbanker.com1 6.06% 5.87% 6.63% 9.4-9.65% 7.75%**** 7.500% $19.95
BankDirect bankdirect.com2 3.20 6.67 6.77 ** ** ** N.A.
Citibank citibank.com3 0.75 5.45 5.73 9.50 N.A. N.A. 29.95
CompuBank compubank.com4 4.00 5.75 6.25 N.A. N.A. N.A. N.A.
Deep Green Bank deepgreenbank.com5 N.A. 7.01 7.25 8.6-9.45 N.A. N.A. N.A.
DirectBanking directbanking.com6 3.20 6.40 6.64 N.A. 8.00 7.625 24.95
E*Trade Bank etradebank.com7 3.10 6.53 6.30 9.50 8.13 7.500 19.95
Everbank everbank.com8 6.01 6.60 6.65   8.00 7.250 19.95
First Internet firstib.com9 5.00 6.55 6.75 11.50 -- -- N.A.
First Union firstunion.com10 0.50 N.A. 6.40 ?? 7.75 7.125 25.00
Juniper Bank juniperbank.com11 1.00 6.75 7.10   8.00 7.625 N.A.
KeyBank keybank.com12 0.60 6.30 6.58 9.5-10.45 8.25 7.500 ***
NetBank netbank.com13 4.00 6.63 6.81 9.25 * * 19.95
Security First Net sfnb.com14 3.92 6.48 6.81 N.A. 8.00 7.375 N.A.
Virtual Bank virtualbank.com15 6.06 6.58 6.86 N.A. 8.13 7.625 N.A.
Wingspan Bank wingspan.com16 3.10 6.88 N.A. 9.75-14.5 8.00 7.625 9.95
 

Note: Interest rates are for mortgages with zero points.

*Mortgages available through offline provider.

**Loans provided by Lending Tree.

***Brokerage services through McDonald Investment Consultants (full service brokers).

****Plus 1 point (no zero point loans available).

Source: Company data

URL for this Article:
http://interactive.wsj.com/archive/retrieve.cgi?id=SB976324570410855141.djm

Hyperlinks in this Article:
(1) http://pcbanker.com/
(2) http://www.bankdirect.com/
(3) http://www.citibank.com/
(4) http://www.compubank.com/
(5) http://www.deepgreenbank.com/
(6) http://www.directbanking.com/welcome.htm
(7) http://www.etradebank.com/
(8) http://www.everbank.com/
(9) http://www.firstib.com/
(10) http://www.firstunion.com/
(11) http://www.juniperbank.com/
(12) http://www.keybank.com/
(13) http://www.netbank.com/
(14) http://www.sfnb.com/
(15) http://www.virtualbank.com/
(16) http://www.wingspan.com/

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