UmbrellaBank recently introduced the Green Day Savings account, which features a 5.83% 90-Day intro rate (which equals an annual percentage yield of 6%).

For those who are looking for a place for their funds after the FNBO Direct 6% offer ends, this may not be it. UmbrellaBank is listing this as a limited time offer and based on the last promotion they ran, it may not be offered for long. However, people who have not yet grabbed FNBO Direct’s promotion may want to take this offer to get a full 90 days of 6% apy.

After the promo rate ends, the yields sink to rather unimpressive levels when compared to other online savings accounts. Balances up to $25,000 earn 4.68% annual percentage yield (apy), $25,000 to $74,000 earn 4.87% apy, and $75,000 and over earn 5.06% apy.

If you plan on taking this promo offer now and jumping ship after it ends, beware of UmbrellaBank’s early closing fees which is $30 if closed within 90 days of opening.

Features on the Green Day Savings account include::

• $100 initial minimum deposit
• A service fee of $7.00 will be imposed if the balance in the account falls below the $100 minimum at any time during the monthly statement cycle.
• Online Statements
• Free Direct Deposit
• Free Recurring ACH transfers from your checking account
• ATM card issued upon request
• Limited to 6 non-ATM transactions per month.
• If the account exceeds six transfers in a statement cycle, a fee of $2.50 will be imposed per transfer
• Interest is compounded daily and credited monthly
• Account history can be downloaded into Quicken® or Microsoft® Money
• No hard credit pull when opening the account