Re: Summary post of online MMA rates
Observation: GMAC's move to 5.25% APY now makes them the 10th on the list to offer 5.24% APY or greater. Of those, four require a very small deposit ($10 or less) to get started, nine have no minimum balance requirements.
At the same time, ING still sits at 4.40% and Emigrant recently dropped from offering 5.15% APY to 5.05%. Prompting me to once again to issue the opinion that the great amount of discussion revolving around these two offerings is much ado about nothing.
On a positive note, I am very glad to see all these opportunites for savings at such worthwhile rates.
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