Online Savings Accounts & Current Rates - Page 14

krayziebone33 · #**261** (**permalink**) 02-25-2007, 06:39 PM

What does ACH stand for?

BTC · #**262** (**permalink**) 02-25-2007, 07:32 PM

Automated Clearing House.

wyett3 · #**263** (**permalink**) 02-26-2007, 06:12 AM

Quote:

Originally Posted by krayziebone33

What does ACH stand for?

Quote:

Originally Posted by BTC

Automated Clearing House.

Yes, other terms here are EFT (Electronic Funds Transfer) and bank wires. Bank wires are instant money transfers (costing $15+ to initiate) and ACH transfers are "virtual checks" (free or small charge to initiate) both are EFT's. The Check 21 (?) system allows banks to process the physical checks you write electronically too.

risknothing · #**264** (**permalink**) 02-28-2007, 04:58 AM

Capital one back up to 5%

poundwise · #**265** (**permalink**) 02-28-2007, 06:00 AM

Quote:

Originally Posted by risknothing

Capital one back up to 5%

Yes, that happened last month. I made that update on January 21st.

Thanks for keeping an eye out though.

poundwise · #**266** (**permalink**) 02-28-2007, 06:04 AM

Reviewed listing today: February 28th

No rate changes

View the first post in this thread to see all the offerings and rates

(Or click the link in my signature)

krayziebone33 · #**267** (**permalink**) 02-28-2007, 08:51 AM

Quote:

Originally Posted by wyett3

Yes, other terms here are EFT (Electronic Funds Transfer) and bank wires. Bank wires are instant money transfers (costing $15+ to initiate) and ACH transfers are "virtual checks" (free or small charge to initiate) both are EFT's. The Check 21 (?) system allows banks to process the physical checks you write electronically too.

Yeah, I remember reading about how clearing houses work and all that. Thank you all for being so informative and helping me out at every turn.

poundwise · #**268** (**permalink**) 03-14-2007, 03:56 PM

Update: Wednesday, March 14th

Ultima Bank rate drops from 5.27% APY to 5.12% APY

Stonebridge Bank updated their web site; link has been updated

poundwise · #**269** (**permalink**) 03-20-2007, 06:46 AM

I reviewed accounts today, March 20th; no changes.

kv968 · #**270** (**permalink**) 03-20-2007, 03:40 PM

GMAC from 5.00% APY to 5.10% APY

#**271** (**permalink**) 03-20-2007, 06:13 PM

egad! PW! how did you miss that?

for shame

kv968 · #**272** (**permalink**) 03-20-2007, 06:17 PM

Quote:

Originally Posted by rexdart

egad! PW! how did you miss that?

for shame

Go easy on PW, she's doing a great job

Actually I'm kinda surprised that it actually went up with what they're going through. Not complaining though

#**273** (**permalink**) 03-21-2007, 12:27 PM

what they're going through? are you kidding? Dad just gave them a billion to clean up their little "take advantage of people who don't know any better" mortgage operation.

poundwise · #**274** (**permalink**) 03-21-2007, 04:24 PM

Ahem... I missed nothing. The change happened after I reviewed rates that morning. So there.

And, PW (aka poundwise) is not a she. Just FYI.

Thanks for the heads-up and the compliments.

kv968 · #**275** (**permalink**) 03-21-2007, 06:34 PM

Quote:

Originally Posted by poundwise

Ahem... I missed nothing. The change happened after I reviewed rates that morning. So there.

And, PW (aka poundwise) is not a she. Just FYI.

Sorry PW, I didn't know. Keep up the good work anyway

poundwise · #**276** (**permalink**) 04-03-2007, 06:34 AM

Update 04/03/07

Citibank down from 4.75% to 4.50% APY

Other account offerings remain the same

m3racer · #**277** (**permalink**) 04-08-2007, 09:16 PM

I just opened an online savings account with FNBO Direct largely based on the positive feedback I read on Getting Green's website, the 4-star rating on bankrate.com, and the 5.25% APY. The sign up process was easy. They appear to have good customer service although they incorrectly told me there was no atm fee. To clarify, there is a $2.50 fee for any atm use including atm's within the bank's network. However, they do allow "3 external linked accounts" and not just 1 as previously mentioned. I'll post an update on this account in the near future when I get a chance to use some of their online features.

poundwise · #**278** (**permalink**) 04-08-2007, 10:18 PM

Quote:

Originally Posted by m3racer

I just opened an online savings account with FNBO Direct largely based on the positive feedback I read on Getting Green's website, the 4-star rating on bankrate.com, and the 5.25% APY. The sign up process was easy. They appear to have good customer service although they incorrectly told me there was no atm fee. To clarify, there is a $2.50 fee for any atm use including atm's within the bank's network. However, they do allow "3 external linked accounts" and not just 1 as previously mentioned. I'll post an update on this account in the near future when I get a chance to use some of their online features.

Great! It's always good to get first-hand feedback.

poundwise · #**279** (**permalink**) 04-09-2007, 10:41 PM

Reviewed 04/09/07

No change in current rate offerings

AmTrust has a newly updated look to their web site

sweeps · #**280** (**permalink**) 04-17-2007, 08:24 PM

No surprise here, but just received an email that HSBC will in fact return to 5.05% after the promotion ends at the end of the month.