Online Savings Accounts & Current Rates

[poundwise]

Originally Posted by jwilly77

Any ideas on a savings account I can open from the use that is denominated in pounds or euros? Possibly an interest bearing?

EverBank: WorldCurrency Access Deposit Account

They also offer WorldCurrency CDs.

[sweeps]

Get ready for an onslaught of interest rate drops... Fed funds rate down to 3.5%.

[savingtaker]

Originally Posted by krayziebone33

Absolutely. I believe that the rates will definitely drop now that BOA is involved.

Countrywide's 6 month CD is 4.75% now. Dropped quite a bit. May drop more since the Fed lowered to 3.5%.

[poundwise]

Originally Posted by sweeps

Get ready for an onslaught of interest rate drops... Fed funds rate down to 3.5%.

Yep.

If, about a year ago, you wondered, "Should I open a 36 month CD?" -- You should have.

[safari]

IndyMac 7 month CD 5.15% APY. Get it while you can. Link.

[savingtaker]

wow, it's at 5.00 now. Didn't last long.

[Aleta]

I must tell you that I ran out in a hurry this morning to grab a 7 mon CD at 5.10 APY before they decide to drop it. Those 5.00% CD's are starting to look pretty good now. I have 2 CD's coming due. One on the 25th of this month and one on Feb 7th so I thought that I'd better not wait. I borrowed the money from another fund until the others come due. One was for 5.60% and the other 5.45%.

[savingtaker]

I tried to do the same thing, but they already dropped it. The rotten scoundrels.

ING and Capital One might break the 4% line with this latest drop.

[sweeps]

Originally Posted by savingtaker

ING and Capital One might break the 4% line with this latest drop.

I'd guarantee it.

[safari]

Originally Posted by sweeps

I'd guarantee it.

The only remaining question is whether that will happen this week or next week.

[BTC]

If I were a betting man, my money would be on ING adjusting their rates tonight.

[Aleta]

I would think that even banks like FNBO won't keep up the 5.05 rates now. I wonder how much these banks will drop? I signed something with my bank's money market for 4.50 APR until March. I'm glad that I did. I'll probably move money back into that account.

[savingtaker]

I think the last round of rate drops were in anticipation of the Fed dropping rates. But, the Fed probably surprised the banks by dropping so much.

There's talk the Fed might drop rates again when they meet at their scheduled time at the end of the month, too.

If the banks follow the Fed, then I guess they'll all drop .75%. So, the 5s become 4.25%. Would at least makes 4.6% CDs look better.

[m3racer]

This sucks!!!

[sweeps]

UmbrellaBank: Down to 4.65%
Ultima: Down to 4.35%
Univest Direct: Down to 3.50%

[poundwise]

Originally Posted by sweeps

UmbrellaBank: Down to 4.65%
Ultima: Down to 4.35%
Univest Direct: Down to 3.50%

Updates made. I would drop Univest from the list, however, I believe they may have more company in the sub-4.00% APY field soon, while the top will likely start to all fall below 5.00% at the same time. (I wonder how long OneUnited will continue to offer 5.30% APY; they have been offering that rate, without wavering up or down, for quite a long time now.)

Also, I wish someone with an account at Presidential would please inform the web master (and I use that term loosely) that the account page title still reads "4.90 Percent Premier Savings" even though the account has not been at that rate for months and now sits at 4.40%.

I also noted that Capital One shows the High-Yield MMA rate at 4.00% APY but lists the Online Savings rate at 4.25%. I couldn't find out more information, however, because the site is not working properly at the present time.

[BTC]

ING Direct dropped their Orange Saving's rate from 4.10% APY to 3.65% APY.

[BTC]

E*Trade Complete Savings is down to 4.4% APY. Bummer.

[poundwise]

Originally Posted by BTC

ING Direct dropped their Orange Saving's rate from 4.10% APY to 3.65% APY.

Originally Posted by BTC

E*Trade Complete Savings is down to 4.4% APY. Bummer.

Updates made.

[BTC]

I'm not sure when they adjusted, but E-LOAN is now at 4.00% APY.