OneUnited has one of the top savings rates available online with a 5.30% APY. Minimum deposit on this account is $1,000. Here’s some of the information about this account:

• $1,000 minimum to open and earn interest
• No monthly maintenance fees
• Must be a US citizen
• Can be funded by ACH transfer or by mailing in a check
• 9 day hold before your initial deposited funds are available
• Online application with nothing to mail in for most cases
• After the application, an email will be sent with instructions allowing you to register for Online Banking
• No hard credit inquiry
• ACH capability for electronically transfering funds to and from your other banks
• Interest is credited and compounded quarterly
• Accrued interest will not be paid if you close an account before the accrued interest has been credited

This online savings account account was originally called the UNITY Internet Savings Account and only required a minimum balance of $10 to open and earn interest. Late in 2006, they created the UNITY Gold E-Savings Account with the $1,000 minimum. According to some readers who had the old account, they were able to keep that account with the old minimums. But new customers can only open the UNITY Gold with the $1,000 minimum.

BankRate.com’s review gives OneUnited a 3/5 star rating.