UmbrellaBank recently introduced the Green Day Savings account, which features a 5.83% 90-Day intro rate; essentially an annual APR of 6.0%.

For those who are looking for a place to jump to after the FNBO Direct 6% offer ends, this may not be it. UmbrellaBank is listing this as a limited time offer and it may not last 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 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.

Some features on the Green Day Savings account are:

• $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