RateEdge.com is an online financial institution
offering investors in the New York Capital District
area a secure, convenient, straightforward way
to save more by earning top-of-the-market yields
on their savings, while making it easy to access
their funds.
Like other online banks, we are able to offer
exceptional rates because the online channel enables
us to keep our overhead low, so that we can pass
on the savings to our customers. Then again, RateEdge.com
is different from other internet banks because
we invest locally, which means that your Capital
District community benefits directly.
Although
RateEdge.com is an emerging player in the online
financial market, our parent company — Sunmark
Federal Credit Union — has been a part of
the Capital District community for nearly 70 years.
Sunmark, which was started in 1937 by and for GE
Steam Turbine Plant employees, has grown to serve
more than 47,000 members in a six county area
(Albany, Montgomery, Rensselaer, Saratoga, Schenectady,
and Schoharie) and has over 410 million dollars
in assets.
RateEdge.com,
a division of Sunmark Federal Credit Union, launched
our internet-only business venture in September
2005 with a commitment to provide innovative savings
opportunities for the local online community.
