Online Savings Accounts & Current Rates

[poundwise]

Originally Posted by Sweepsplayer

Ok, the problem is as new pages get added, you're going to have to keep moving the list -- which causes more work for you and also renders direct links to the list obsolete.

I realized the 'more work' part and didn't mind. But, I failed to consider that people would bookmark the page for reference. I think what I'll do is move the list back to page one and then simply link back to it from update posts. I can also put a link in my signature.

Thanks for the advice.

[sweeps]

Cool. By the way, thanks for all the work to keep this up to date.

FYI. Amboy Direct now offers a $25 bonus ($10 for the referrer) for its Premium Savings. Info

[poundwise]

Originally Posted by Sweepsplayer

Cool. By the way, thanks for all the work to keep this up to date.

FYI. Amboy Direct now offers a $25 bonus ($10 for the referrer) for its Premium Savings. Info

I appreciate the kind words Sweeps.

I was glad to see the Amboy referral program, having recently opened an Amboy Premium account for my parents, however, the stipulation that the referred person has to maintain a minimum balance of $3,000 for 90 days kind of kills my enthusiasm.

[poundwise]

Update: Wednesday, August 30

Capital One (High Yield) MMA rate was lowered from 5.00% APY to 4.80% APY.

Capital One is due to launch a new version of its online banking in September. It may be worth watching to see if they offer a higher rate and/or special offers in conjunction with that launch.

[sweeps]

There is also a Capital One Money Market offered for Costco members. It's probably not eligible for your list but I thought I'd mention it. 5.14% APY. $5K minimum to open, but minimum balance is only $100. Link

[poundwise]

This seemed a little odd to me. Last week UFBDirect jumped to the top of the list by offering a new rate of 5.26% APY. This week, they have already reduced the rate, though not by much, to 5.20% APY. That puts OneUnited back on top, in terms of rate, still offering 5.25% APY.

No other rate changes this update: September 3, 2006

[poundwise]

Update: September 5th

ING rate moves up (a little) from 4.35% to 4.40%

(See link in signature for complete list)

[joseblanco]

Originally Posted by poundwise

Update: September 5th

ING rate moves up (a little) from 4.35% to 4.40%

(See link in signature for complete list)

talk about too little too late!!

[WellManicuredMan]

Originally Posted by poundwise

ING rate moves up (a little) from 4.35% to 4.40%

I wonder how long the execs spent discussing this huge increase decision.

[poundwise]

I expect it is just enough to keep die-hard ING clients thinking that maybe ING is going to start raising the rate.

[sweeps]

AmTrustDirect's MMA is at 5.26%. Minimum initial balance is $1K but there is no ongoing minimum balance requirement. More Info | Direct Link

[Ima saver]

Bringing it to the top!

[LuxLiving]

Originally Posted by Sweepsplayer

AmTrustDirect's MMA is at 5.26%. Minimum initial balance is $1K but there is no ongoing minimum balance requirement. More Info | Direct Link

Check out their product listing as I think their 9 month CD is a little higher.

[poundwise]

Originally Posted by LuxLiving

Check out their product listing as I think their 9 month CD is a little higher.

True, but this is comparing a CD (locked-in) to a MMA (liquid). Not apples to apples.

[poundwise]

Update: Tuesday, September 12th

UFBDirect (High-Yield) is now at 5.27% APY, re-establishing this MMA at the top of the list.


(see link in signature for complete list)

[RJB1180]

Hey, this is a great thread, what about adding the FDIC info for all the banks. I know when first checking out a bank, esppecially newbies, will want to know that info.

[poundwise]

Originally Posted by RJB1180

Hey, this is a great thread, what about adding the FDIC info for all the banks. I know when first checking out a bank, esppecially newbies, will want to know that info.

At the bottom of the first post (in the edit explantion) is a statement which points out that all of these accounts are FDIC insured.

[poundwise]

Update: 09/13/06

The summary post has been altered to include an 'A' list and a 'B' list.

List A is the original list, comprised of online MMA offerings ranked by APY that require less than $1,000 to open, earn interest, and avoid fees.

List B is new. These MMAs require a $1,000 minimum to open and/or earn interest and/or avoid fees. These list was created to accomodate certain offers such as E*TRADE's promotion, which has a $50 bonus and a promo rate of 5.28% APY (stated as 5.15% APR) and AmTrust's 5.26% APY, which requires $1,000 to open but thereafter has no minimum balance requirement.

[poundwise]

Update: 09/13/06

The summary post has been altered to include an 'A' list and a 'B' list.

List A is the original list, comprised of online MMA offerings ranked by APY that require less than $1,000 to open, earn interest, and avoid fees.

List B is new. These MMAs require a $1,000 minimum to open and/or earn interest and/or avoid fees. These list was created to accomodate certain offers such as E*TRADE's promotion, which has a $50 bonus and a promo rate of 5.28% APY (stated as 5.15% APR) and AmTrust's 5.26% APY, which requires $1,000 to open but thereafter has no minimum balance requirement.

[RJB1180]

Amboy now upto 5.25%