Online Savings Accounts & Current Rates

[sweeps]

Amboy and WaMu down another quarter point.

[poundwise]

Originally Posted by sweeps

Amboy and WaMu down another quarter point.

Thanks.

Those changes and one other today --

Wamu down from 4.25% to 4.00% APY
Amboy Direct down from 4.00% to 3.75% APY
Ultima Bank down from 3.75% to 3.60% APY

[m3racer]

SS down to 4%

[savingtaker]

SS down to 4%

They just rejected my app too. Good thing, I guess. 4% wouldn't be worth it.

[Aleta]

Is SS State Farm?

[sweeps]

Savings Square, I'm guessing.

[BTC]

4% beats a lot of what's out there.

[Aleta]

I can remember a few years back when 2.50% looked very good compared to below 1% we were getting even at Vanguard.

I've always thought that anything over 5% is a decent interest rate.

[BTC]

OneUnited is down to 4.60%.

[krayziebone33]

Originally Posted by BTC

OneUnited is down to 4.60%.

You beat me to it. Thanks.

[poundwise]

Updates for the week --

OneUnited down from 5.15 to 4.60
Savings Square down from 4.25 to 4.00
AmTrust down from 4.10 to 3.80
iGOBanking down from 4.05 to 3.86
Capital One down from 3.50 to 3.25
CountryWide down to 3.00 (on balances less than $10K)

[sweeps]

Futures markets price in another rate cut this week after central bank chief Ben Bernanke tells lawmakers the health of the economy is his first priority.

Wall Street: 100% for a half-point Fed cut

[sweeps]

Originally Posted by sweeps

Futures markets price in another rate cut this week after central bank chief Ben Bernanke tells lawmakers the health of the economy is his first priority.

Wall Street: 100% for a half-point Fed cut

GMAC and Countrywide must have heard me. GMAC down again to 3.0%. Countrywide >$10K is down to 4.25%.

[BTC]

I kind of liked the song. Personally, I think the Fed should stand pat on rate cuts for a bit. Inflation is starting to become a worry.

[Aleta]

I think that they should stand pat too. I think that it actually puts more fear into the people with the way they are doing this. Personally, I feel alot of concern about our economy. But they say we have stagflation so I don't know how they work with that. The economy isn't growing and yet you're having inflation.

[Ima saver]

Umbrella bank just lowered it's rate, down to 3.9%

[Aleta]

I'm sure that we will get another cut later this month, so get ready for the banks to lowere again.

[sweeps]

Originally Posted by Aleta

I'm sure that we will get another cut later this month, so get ready for the banks to lowere again.

The Fed needs to wake up and stop cutting these rates.

[Aleta]

I so totally agree with you. They need to put the breaks on this stuff. Eventually, the mattress might be safer than the banks with all of the talks about possible future bank failures. Who is going to want to invest in banks and then hope your bank is OK and you'll be able to get your money out in a timely fashion.

I think that when they lower the rates like this, that the interest should not be taxed. What do you think.

[poundwise]

Updates this week --

Umbrella Bank down from 4.02% to 3.90%
AmTrust down from 3.80% to 3.75%
Amboy down from 3.75% to 3.65%
Ultima Bank down from 3.60% to 3.50%
GMAC down 3.50% to 3.00%

See page one for current listing.