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Originally Posted by yellow heel
I need to open like 5 different saving account to get the best interest rate! I can't keep up with the rapid change!
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I understand your observation. I actually went through a rate chasing phase until I finally decided I needed to focus on things other than rate. Before things heated up INGDirect was the king but its purely online. ED was the same because while the have brick-n-mortar you r online account cannot be services at their regular branches. But now banks like HSBC, Citibank & presidential all offer brick-n-mortar access, traditional checking etc. So I expanded my horizons in terms of variables to consider and have left the pure online banks for HSBC & Presidential. HSBC give me international access to my funds, an ATM card and has a local branch. Presidential has the same sans the international access. INGDirect made this easy to see when it stalled at 4.35 and everyone else jumped up to 5%+ So go with a 5% plus online bank that has a broad spectrum of other services that you can grow into and also has a local brick-n-mortar branch that you're allowed to utilize. ONly if the lose their competitive edge like INGDirect did would I then switch.