Monday, 23 November 2020

Fulton Bank Review: Checking, Savings, CD, Money Market and IRA Accounts

Fulton Bank Review: Checking, Savings, CD, Money Market and IRA Accounts
27 Oct
7:00

Fulton Bank, National Association’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

0.02%

Savings

Fulton Bank, National Association Statement Savings

1.90%

American Express National Bank High Yield Savings Account

on American Express National Bank’s secure website

Member FDIC

0.05%

CD Rates

Fulton Bank, National Association 12 Month Variable Rate CD

2.55%

Goldman Sachs Bank USA High-yield 12 Month CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

1.55%

CD Rates

Fulton Bank, National Association 36 Month CD

2.85%

Synchrony Bank 36 Month CD

on Synchrony Bank’s secure website

Member FDIC

1.45%

CD Rates

Fulton Bank, National Association 60 Month CD

3.10%

Barclays 60 Month Online CD

on Barclays’s secure website

Member FDIC

Fulton Bank checking account options

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How Fulton Bank’s checking accounts compare

In addition to the fact that their products aren’t available nationwide, Fulton Bank’s rates are extremely low. Other banks and credit unions offer much higher rates, many without fees. Banks on our list of the 10 best online checking accounts even offer unlimited ATM refunds and free checks. Bottom line: You’ll find better checking accounts elsewhere.

Fulton Bank savings account options

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How Fulton Bank’s savings accounts compare

The rates offered on Fulton Bank savings accounts aren’t great. Sure, you can get the monthly maintenance fee waived and there’s a low opening deposit amount, but that isn’t enough to convince us this account is worth opening. Instead, we suggest you continue your research by looking at our list of the best online savings accounts.

Fulton Bank’s CD rates

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How Fulton Bank’s CD rates compare

The good news is that Fulton Bank offers some of the highest rates out there, so you can’t go wrong with opening a CD, especially the promo rates. The bad news is that these CDs aren’t available nationwide, so you’re out of luck if you don’t live near a brick-and-mortar location.

In that case, you’ll want to look at our list of the best CD rates to shop around.

Fulton Bank money market account options

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How Fulton Bank’s money market accounts compare

We’d give these accounts a hard pass if you’re looking for the best rates possible. Some of the other competitors found on our list of the best money market rates offer lower minimum account balance amounts and no monthly fees. Not only will shopping around help save you some serious cash, it could help you earn much higher rates.

Fulton Bank IRA account options

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How Fulton Bank’s IRA CD rates compare

The rates on these IRA CDs are on par with some of the best offerings we’ve seen, including ones on our list of the best IRA CD rates. Unfortunately, you can one open one of these accounts if you live in certain parts of the U.S. If you’re not in a participating area, you’re sadly out of luck.

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Sarah Li Cain

Sarah Li Cain |

Sarah Li Cain is a writer at MagnifyMoney. You can email Sarah Li here

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Source: https://www.magnifymoney.com/blog/reviews/fulton-bank/

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