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Old 04-14-2009, 12:48 PM
grand_canyon grand_canyon is offline
$ Saving Fourth Grader
 
Join Date: Jan 2009
Posts: 20
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Thanks for your review on redneck Bank

I have three different accounts for online savings. Shorebank Direct, CNB Bank Direct, and Dollar Savings Direct. I've only received one thing in the mail each and that was just to say an account was opened. CNB actually just sent a postcard so nothing even to open. I've found most of the interfaces are clunky. The DSD seems to be the best interface. Shorebank has the worst interface as they say transfer in multiple spots (3) and I don't use it often enough to remember which one to use. Shorebank required a test deposit twice for some strange reason with one being the initial and the other to transfer money between the SBD account and the outside account. SBD seems to be a bit slow on transfers. I'm not really knocking SBD as I've been happy with them for the most part. I didn't see any noticeable limits on any of them (I think 100K).

Most of them were a little clumsy on explaining the process of how to get the account up and running so you kind of had to wait for an email to see what was next.

In the end, the hiccups are worth it to get 2.05 - 2.45.
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