HSBC & Emigrant at 4.80%; Ing still @ 4.25%?

[JoyJoy]

Thanks Well-Manicured Man for telling us about Emigrant @4.80 now!

Why is Ing dragging its heels? Even GM is a forerunner in paying high yields and they are having major problems!!!

[Ima saver]

What happened to bankunited out of Florida. I thought they were paying 5% but when i clicked on their site, I could not find out what rate they were paying.

[BTC]

I'm glad to see that Emigrant was so quick to match HSBC's increase. I'm sure ING will respond with anywhere from a .005-.1 increase sometime in the next few months.

[BTC]

Originally Posted by Ima saver

What happened to bankunited out of Florida. I thought they were paying 5% but when i clicked on their site, I could not find out what rate they were paying.

I believe they are set up much like Amboy Direct in that the account paying 5.0% isn't accessible, or advertised, via their home page. Try going back to one of the threads that had the sweet deal link and see if that works.

[BTC]

Bank United is actually paying 5.25 percent now. That ain't too shabby. I really need to open an account with them.

http://sweetdeal.bankunited.com/

[sweeps]

Wow, that is a killer rate. BTC, if you open an account with them, can you let us know how they stack up to GMAC, HSBC, etc.?

[BTC]

Originally Posted by Sweepsplayer

Wow, that is a killer rate. BTC, if you open an account with them, can you let us know how they stack up to GMAC, HSBC, etc.?

I will. Although, I don't currently have a GMAC account.

[poundwise]

I posted a link to Bank United's deal myself some time back, but the only problem is, unlike GMAC, OneUnited, etc., you need a minimum balance of $5,000 to obtain the stated APY.

[BTC]

Originally Posted by poundwise

I posted a link to Bank United's deal myself some time back, but the only problem is, unlike GMAC, OneUnited, etc., you need a minimum balance of $5,000 to obtain the stated APY.

I think they may just require a minimum deposit of 5,000 to open the account, but it doesn't seem crystal clear. From their account disclosures

SIGNATURE SAVINGS
Rate Information:
Tier 1 - If your daily balance is more than $0, but less than $2499.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.

Tier 2 - If your daily balance is more than $2500.00 , but less than $9999.99 , the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.

Tier 3 - If your daily balance is more than $10000.00 , but less than $24999.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.

Tier 4 - If your daily balance is more than $25000.00 , but less than $49999.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.

Tier 5 - If your daily balance is more than $50000.00 , but less than $99999.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.

Tier 6 - If your daily balance is more than $100000.00 , but less than $199999.99, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%.

Tier 7 - If your daily balance is more than $500000.00 or more, the interest rate paid on the entire balance in your account will be 5.117% with an annual percentage yield of 5.25%."

[Roupey03]

I am with ING and if ING stays where it is at I might consider switching

[poundwise]

Originally Posted by BTC

I think they may just require a minimum deposit of 5,000 to open the account, but it doesn't seem crystal clear.

From the mice type:

"Internet offer only. Personal accounts only. Offer subject to change without notice. The Annual Percentage Yield (APY) is accurate as of 6/21/06. Rates may change after account is opened. Fees may reduce earnings. Minimum balance required to obtain the stated APY is $5,000."

[Ima saver]

It still sounds pretty good to me.

[poundwise]

Sure. It's fine. I just don't think it compares apples-to-apples with OneUnited or GMAC because it requires $5K minimum to earn the high-rate while they do not.

If the terms are suitable though, of course, get the higher interest.

I do find it a little disconcerting that Bank United, as well as Amboy, do not offer these accounts from their main sites and, from time to time, it is difficult to read the terms. It is as if they are not commited to the account type/offer. That's just my feeling though, not a real, objective comment.

[sweeps]

Originally Posted by poundwise

I do find it a little disconcerting that Bank United, as well as Amboy, do not offer these accounts from their main sites and, from time to time, it is difficult to read the terms. It is as if they are not commited to the account type/offer. That's just my feeling though, not a real, objective comment.

I think this is a valid concern. It makes me think that they're not really serious about offering the account -- like they might pull the offer at any time. Also it makes me wonder if their customer service and operations people are properly trained on the account, since it seems to be a low priority.

[vsjhoc]

Today's deal at GMAC Bank for a money market account: $50 to open. No account fees if average daily balance is at least $500. For balances $500 and higher, the interest rate is 4.69% with an APY of 4.8%. I've had an account for a few years and I think their customer service has improved. Must be the increase in competition.

vsjhoc

[Ima saver]

It also makes me wonder if bank united is commited to paying the highest rates or if this is just a tease, also?

[WellManicuredMan]

Originally Posted by JoyJoy

Thanks Well-Manicured Man for telling us about Emigrant @4.80 now!

Why is Ing dragging its heels? Even GM is a forerunner in paying high yields and they are having major problems!!!

You're welcome

[vsjhoc]

Originally Posted by JoyJoy

Even GM is a forerunner in paying high yields and they are having major problems!!!

What kinds of problems?? Tell me quick, because they've got some of my dollars.

[BTC]

I've had a couple of broken English conversations with some reps at Bank United regarding the contradictory disclosure information associated with their online savings account that they have posted. The first lady I spoke with said the project manager was fuming and was going to speak with the developers immediately to get the situation corrected and that he would return my call. I did have a missed call on my cell phone, but it was a private number and they left no message, so I have no idea if it was them or some anonymous headhunter.

According to the person I spoke with yesterday, if your balance falls below 5,000.00, you receive zero interest, but I'm not convinced that she had any idea what she was talking about.

I certainly don't have a warm, fuzzy feeling after speaking with them directly, but I'm going to try contacting them a few more times before I throw in the towel.

[bigbad614]

ING is at 4.35%.