[poundwise]

Though we knew it was coming (and has been coming), I expect many of us are very disappointed in the yields we are receiving on these accounts.

For those who are looking at this list for an idea of where to open an online savings, my former recommendations, over the course of the last 60 days, have been:

Amboy Direct
Emigrant Direct

I can no longer recommend the latter. If you are looking to open a new account, I'd suggest:

iGOBanking
Amboy Direct
SavingsSquare

These have been, and remain, higher yielding accounts than the average and these offerings have been less volatile than others. They are not the only good choices and there is no guarantee as to how their rates may change in the future, however, that is my recommendation.


A side note: I've mentioned this before but Presidential Bank really needs to hire a web designer that is not the bank president's nephew. Besides the site looking like it was designed by someone with a copy of "HTML for Dummies" (1994 Version), it still has, in the title bar, a statement indicating that the account (now at 2.75% APY) is yielding 4.90% APY. The bank has had multiple drops since then but no one has bothered to properly update the site page. Why does this bother me? I just find it highly unprofessional and, as a former web designer, there is really no excuse for such a mistake to persist.