In addition to the CD idea, doing some random web surfing, I found out about a few high-paying online savings accounts... Just based on what I quickly saw, I'm talking about ING Direct (3.0% APY), HSBC Direct (3.05%), Emigrant Direct (2.75%), and Capital One Direct (3.0%). Does anyone know anything about these? I'm interested in any opinions you have of them, and I'm also curious if their interest rates are consistently at these levels?
My current savings account gets about .8%, so this kind of looks a bit unreal... But if they're really as good as they seem, these acutally seem like a better place to hold my EF, considering that even CDs from my bank top out at 2.8% for a 7 year CD, with the 90-day ones mentioned above at 2.5%... Having one of these seems like it would give me better rates, and also better access to my money if necessary... Just off of first impressions, I'm leaning toward the ING or HSBC ones...
Thoughts anyone?
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