Online Savings Accounts & Current Rates

[BTC]

I don't think they've implemented the rate increase logic in their system. Still working out the kinks, and such.

[Broken Arrow]

Originally Posted by BTC

ING is quite the nimble, streamlined organization. Their rate cuts take just a few minutes, as opposed to days, or weeks, for their competitors. I have no idea what the rate was on their checking account yesterday, but it probably went down also. The yield today is 3.15 on balances up to 50K. Repeat after me, Electric Orange, Electric Orange, Electric Orange.

Do you own ING stocks?

I don't dislike ING or anything, but I find the fanatical loyalty towards them a bit perplexing.

[sweeps]

BA, I think BTC was deadpanning. I took the comment as negative towards ING.

[BTC]

I'm glad someone was able to pick up on that.

[Aleta]

Reminds me of the the brick and mortar banks. Even after everyone else is raising their interest rates on savings vehicles, the banks take their sweet old time about implementing the newer rates.

Somehow, those 5% CD rates don't look so bad now to most people who were complaining about them. 5% isn't bad, but anything below that isn't a great rate.

[Broken Arrow]

BA, I think BTC was deadpanning. I took the comment as negative towards ING.

Oh, hehehe. Didn't realize that. My bad.

[m3racer]

Savings Square down to 5.0% apy

[Ima saver]

Without having to read all 24 pages, could some one give me their advice on the internet banks paying 5%?? Which one is the easiest to use? I am not at all good at computers! Which banks are you happy with??

[Pitman]

INGDirect Savings Account is not at 4.10% APY.

[sweeps]

Originally Posted by Pitman

INGDirect Savings Account is not at 4.10% APY.

Yes it is.

[safari]

Originally Posted by Ima saver

Without having to read all 24 pages, could some one give me their advice on the internet banks paying 5%?? Which one is the easiest to use? I am not at all good at computers! Which banks are you happy with??

I am happy with Countrywide Bank's SavingsLink Account, which is currently paying 5.3% on balances greater than $10,000. They are also offering 5.5% rate on 3 and 6-month CD's. Link. Some people speculate that Countrywide might fold because of their credit problems, but as long as you keep under $100,000 there, your money is insured by FDIC.

[BTC]

Originally Posted by Pitman

INGDirect Savings Account is not at 4.10% APY.

Sorry to pile on, but effective 12/13/07 the yield was set to 4.10%.

I'm not sure why, but ING Direct's checking account pays considerably more than their savings account on balances of 50K, or more. The yield is 4.65 on balances of 50K-99,999, and 4.8 on 100K+.

[sweeps]

Originally Posted by BTC

Sorry to pile on, but effective 12/13/07 the yield was set to 4.10%.

After I responded to the poster... I wonder if he meant "now" the yield is 4.10% (instead of "not").

Originally Posted by BTC

I'm not sure why, but ING Direct's checking account pays considerably more than their savings account on balances of 50K, or more. The yield is 4.65 on balances of 50K-99,999, and 4.8 on 100K+.

They probably want people to make them their sole checking account. I'm sure after they have a critical mass of customers, they'll drop the hammer.

[savingtaker]

emigrantdirect just dropped to 4.65

[Aleta]

Emigrant's rate drop was only a matter of time. It is still better than 4.50%

[BTC]

I don't know when it happened, but E-Loan is down to 4.5% APY

[Broken Arrow]

Originally Posted by Ima saver

Without having to read all 24 pages, could some one give me their advice on the internet banks paying 5%?? Which one is the easiest to use? I am not at all good at computers! Which banks are you happy with??

Um, Poundwise updates the list on the beginning of this thread?

[sweeps]

Originally Posted by savingtaker

emigrantdirect just dropped to 4.65

If you speak Spanish, you can get 5.05%.

[Aleta]

That shouldn't be legal. It's discrimination. I guess it's no worse than Bank of America giving credit cards and accounts to people who are illegally here. Right now our country is upside down and the rule of law doesn't seem to mean anything anymore especially to the big corporations.

[safari]

Originally Posted by Aleta

That shouldn't be legal. It's discrimination. I guess it's no worse than Bank of America giving credit cards and accounts to people who are illegally here. Right now our country is upside down and the rule of law doesn't seem to mean anything anymore especially to the big corporations.

Actually, you don't have to speak Spanish to earn 5.05% APY. BancoFortuna has an English site offering the same rate.