Online Savings Accounts & Current Rates

[krayziebone33]

Originally Posted by BTC

I just got an email from HSBC Direct stating their yield is now 3.55%

Originally Posted by BTC

It appears that OneUnited has lowered their yield from 5.30% APY to 5.15% APY. That's not a very big drop.

Both are correct, BTC.

[MoneyenoM]

HSBC down to 3.55%

Here is the email sent to me

We are writing to inform you that based on the recent drop by the Federal Reserve, HSBC Direct has adjusted your Online Savings Account rate to 3.55% APY*. At 8x the national savings average**, you are still earning one of America’s highest savings rates.

HSBC Direct will continue to evaluate and respond to market changes so we can provide you with competitive rates. And if your rate changes, whether up or down, we are committed to always letting you know.

You can feel confident knowing your savings are with HSBC Direct. We’re part of HSBC Group, one of the largest financial institutions in the world, and have over 140 years of experience helping customers manage their savings.

We sincerely appreciate you saving with HSBC Direct.

[poundwise]

Originally Posted by BTC

I just got an email from HSBC Direct stating their yield is now 3.55%

Originally Posted by BTC

It appears that OneUnited has lowered their yield from 5.30% APY to 5.15% APY. That's not a very big drop.

Yes, thanks. And those are the only two updates for today, February 4th --

OneUnited down from 5.30 to 5.15
HSBC down from 3.80 to 3.55

[poundwise]

Zions Bank returns to the list with a 4.18% APY. Minimum balance to earn this rate is $1K. No fees. link

(Higher APY for balances of $50K+)

[Blue Leader]

I just received an email from AmTrust and they are offering a $50 bonus for enrolling in their smary save-up plan. Here's some of the email:

Save Smart and Earn a $50 Cash Bonus
As an AmtrustDirect.com customer, you know it’s smart to take advantage of our great rates and services. For a limited time, we are making a smart move even better by offering a $50 cash bonus just by using our Smart Save-Up plan1.

Start Saving Today
To begin, set up an automatic transfer of at least $100 per month for a minimum of 3 months, and we will credit your account $50. Our Smart Save-Up feature makes it easy to set-up ongoing deposits into your e-Money Market or e-Savings account at AmtrustDirect.com, and our limited time bonus makes it an even smarter way to enjoy one of the best rates in the country on all of your savings.


Hope this helps someone make $50 bucks.

[spooky187]

I was wondering why countrywide isn't posted on here?
I am new to this site, but i have heard bad things about countrywide lately....thing is people don't know that countrywide mortgage and savings are seperate entities!

IF you have less than $10k which is very unlikely...
You have interest 2.95% APY 3.00%
Over $10k you have
interest rate 4.46% and APY of 4.75%
Min deposit is $1k.

[poundwise]

Originally Posted by spooky187

I was wondering why countrywide isn't posted on here?

Countrywide's 'savingslink' account offering does not appear here due to the parameters established for this listing. If an account requires $10K or more to open or $10K or more to earn a respectable rate of interest, then it does not qualify.

I have visited the site and noted that, while this true of their savings offering, their current money market is offering a rate with terms that qualify and so I will add it to the list today.

[sweeps]

Provident Direct 4.50%

[BTC]

FNBO Direct is down to 3.85% from 4.30%.

[anonymous_saver]

Savings Square: Multiply Your Money
Is now down to 4.25% APY as of 02-07-08.

[Aleta]

BTC; To be exact, FNBO'S APR is 3.78 and the APY IS 3.85. I was surprised when I saw that. I also got a letter from them. Right now until March, my brick and mortar money market is earnng 4.60APY. Who knows what it will be next month. The branch manager said it is at 3.75 now.

[savingtaker]

Looks like ProvidentDirect hasn't changed their rates since 11/07. So it hasn't reflected all the recent rate drops yet.

Personal Account Rate Sheet

[poundwise]

Originally Posted by sweeps

Provident Direct 4.50%

Got it. Added this one today. Thanks sweeps!

Originally Posted by BTC

FNBO Direct is down to 3.85% from 4.30%.

Originally Posted by anonymous_saver

Savings Square... Is now down to 4.25% APY as of 02-07-08.

Thanks. Those changes and many others today:

AmTrust Direct down from 4.60 to 4.10
SavingsSquare down from 4.50 to 4.25
FNBO down from 4.30 to 3.85
Zions Bank down from 4.18 to 4.08 (for accounts $1K-$49K)
Emigrant Direct down from 4.05 to 3.60
Banco Fortuna down from 4.05 to 3.60
GMAC Bank down from 4.00 to 3.50
Countrywide Bank down from 4.00 to 3.75 (for accounts $1K-$49K)
Ultima Bank down from 3.90 to 3.75
Univest Direct down from 3.50 to 3.40




Of course, to see the list with these updates, click "First" in the thread page links.

[BTC]

That's pretty bloody.

[Aleta]

As low as these rates may look; they're better than the bank's rates. You have to take what is there.

[krayziebone33]

Originally Posted by Aleta

As low as these rates may look; they're better than the bank's rates. You have to take what is there.

Thanks for trying to lift our spirits, but I think most of us are still bummed about the drastic decreases in APY.

[poundwise]

Update today --

Key Direct down from 4.00% to 3.50% APY

[krayziebone33]

Originally Posted by poundwise

Update today --

Key Direct down from 4.00% to 3.50% APY

Poundwise, I'm surprised anytime you do an update and HSBC isn't among them.

[BTC]

E*Trade is down to 4.10%. Crap.

[poundwise]

Originally Posted by BTC

E*Trade is down to 4.10%.

Thanks. That update made today, along with several others --

E*TRADE down from 4.40% to 4.10% APY
Apple Bank down from 4.25% to 4.00% APY
iGOBanking down from 4.20% to 4.05% APY
Zion's Bank down from 4.08% to 3.87% APY
M&T Bank down from 4.05% to 3.70%
ELOAN down from 3.75% to 3.50%

As always, see complete, current list on page one.