Online Savings Accounts & Current Rates

[negreenfield]

UFBDirect down to 4.50% APY

[m3racer]

savings square down to 4.8%
WT direct down to 4.3%

......and the hits keep coming...

[poundwise]

Updates --

UFBDirect down from 5.00 to 4.50
Savings Square down from 5.00 to 4.80
iGOBanking down from 4.90 to 4.50
ELOAN down from 4.50 to 4.00
M&T Bank down from 4.35 to 4.05
Capital One down from 4.00 to 3.50

[savingtaker]

TD*AMERITRADE - 5.30% annual percentage yield CD from TD*AMERITRADE

TDAmeritrade is having this account opening offer. A 3 month CD at 5.3%. Requires $10k

[m3racer]

Originally Posted by savingtaker

TD*AMERITRADE - 5.30% annual percentage yield CD from TD*AMERITRADE

TDAmeritrade is having this account opening offer. A 3 month CD at 5.3%. Requires $10k

but only for 3 months

[poundwise]

Originally Posted by m3racer

but only for 3 months

Typically a three month CD is for 3 months.

[poundwise]

Update --

Ultima Bank down from 4.35% to 4.05%

[BTC]

GMAC Bank is down from 4.5% APY to 4.25% APY.

[Skooby]

Originally Posted by BTC

GMAC Bank is down from 4.5% APY to 4.25% APY.

NOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!

At least my FNBO is holding up...still at 5.05%.

[negreenfield]

I'm amazed that OneUnited is still at 5.3%. I'm going to wait a couple weeks and see if it stays and jump on it if it continues to be at that rate.

[poundwise]

Originally Posted by BTC

GMAC Bank is down from 4.5% APY to 4.25% APY.

Updated. Thanks.

[savingtaker]

I'm amazed that OneUnited is still at 5.3%. I'm going to wait a couple weeks and see if it stays and jump on it if it continues to be at that rate.

Makes you wonder why they're so desperate for cash that they're willing to pay that much over market rates.

Apple Bank dropped to 4.25%.

[BTC]

I just got an email from FNBO Direct. They are dropping their yield to 4.30%.

[Skooby]

Originally Posted by Skooby

NOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!

At least my FNBO is holding up...still at 5.05%.

Originally Posted by BTC

I just got an email from FNBO Direct. They are dropping their yield to 4.30%.

The bearer of bad news.

[poundwise]

Originally Posted by savingtaker

I'm amazed that OneUnited is still at 5.3%. I'm going to wait a couple weeks and see if it stays and jump on it if it continues to be at that rate.

Makes you wonder why they're so desperate for cash that they're willing to pay that much over market rates.

That's quite assumptive. OneUnited, by all accounts that I am aware of, is a solid institution with no indications of being "desperate for cash."

Perhaps they recognize that paying out 5.3% will keep their current accounts in place and gain them many new accounts as well. Maybe they are simply waiting to see what happens with other rate offerings before lowering theirs. Or perhaps they are just slow to react.

OneUnited has been offering a top rate for quite some time and has held steady at 5.3% even through all the recent drops. I wouldn't count on that holding up much longer, however, simply because they can drop their rate and still be the top offering.

I don't disagree that it is odd for them to hold their rate so comparatively high, I just don't necessarily come to same conclusion that it represents something negative about the bank.

[savingtaker]

I just got an email from FNBO Direct. They are dropping their yield to 4.30%.

According to their website, it's already been dropped.

It was funny, I was on their site, and I literally watched it change from 5.05 to 4.3.

[poundwise]

Originally Posted by savingtaker

Apple Bank dropped to 4.25%.

Updated. Thanks.

[savingtaker]

I don't disagree that it is odd for them to hold their rate so comparatively high, I just don't necessarily come to same conclusion that it represents something negative about the bank.

Quite true. In any case, the deposits are FDIC insured.

[poundwise]

Originally Posted by BTC

I just got an email from FNBO Direct. They are dropping their yield to 4.30%.

Originally Posted by savingtaker

According to their website, it's already been dropped. It was funny, I was on their site, and I literally watched it change from 5.05 to 4.3.

Updated. Thanks.

[BTC]

Sorry. Most of my savings are in an FNBO Direct account. I've been looking for a good reason to move most of it into my E*Trade savings account, where I can then transfer it into my brokerage account, invest it and lose it with just a few clicks of the mouse.