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Originally Posted by safari
There are a bunch of banks currently offering 5.25% or higher interest rates. If I were you, I'd consider GMAC, AmTrust, Amboy or E-Loan, just because they are all well-established banks and have a lot of positive reviews (E-Loan just started offering saving accounts online, but they've been in online business for years). OneUnited is a dark horse, maybe it's good, but why take a risk when you can get the same or better interest rate from other reputable banks.
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Yeah, I hear you. Thanks for the advice. The reason why I was considering OneUnited is because they are relatively "untalked" about and the general consensus on here is that once a certain online bank gets talked about a lot and receives a lot of new deposits, the rates inevitably drop soon thereafter. I know that's silly thing to think about but I have to admit that I was so upset when ED lowered their rate even though it was not by much. I don't want to have to move my money every few months just to take advantage of a very high, competitive rate.