Broadway Federal Bank Online Savings Account

Broadway Federal Bank is offering a promotional online savings account that currently has an annual percentage yield (APY) of 4.08%.

The  promo savings account rate is only on their Anniversary Savings Account. The minimum opening deposit is $1,000. The rate is only available online.

Broadway Federal Bank is based in Los Angeles, California and has several bank branches in California. The account is FDIC insured up to $250,000 until December 31st, 2009, then coverage reverts back to $100,000 on deposits. This is one of the best online savings account rates available today.