Online Savings Accounts & Current Rates

[BTC]

Dollar Savings Direct's yield is down to 2.00%

[BTC]

I know they're no longer on the list, but E*Trade has dropped their yield to .95%

[BTC]

FNBO Direct down to 1.65% APY.

[glock35ipsc]

GMAC Bank is now Ally Bank...

CD Rates, Money Market Account & Saving Account Rates | Ally Bank

[saverbootay]

So, it looks like GMAC Bank just changed their name to Ally Bank?

I guess they're trying to distance themselves from the GM brand

[Jazzmint98]

Shore Bank is down to 2.05% APY, effective May 21, 2009.

[jeffmem]

Dang and I just opened an account there and transferred money.. hmmmm

[BTC]

HSBC Direct's yield is down to 1.55%.

[BTC]

Emigrant Direct is also down to 1.55% APY.

[tradelines]

GMAC now Ally bank. have to change that logo. They are good recommendation.

[saverbootay]

As we all know, M+T bought Provident's accounts.

So, the Provident Online Savings accounts are now M+T E-Money Market accounts, yielding .5%.

[poundwise]

Significant update today with many minor rate adjustments and other changes:

• GMAC Bank name/logo updated to reflect change to Ally

• IndyMac Bank name/logo updated to reflect change to OneWest Bank

• Venture Bank APY fell to 1.43% and off the list

• Capital One High-Yield MMA APY fell to 1.40% and off the list

• A few links updated to reflect site changes, etc.

[weissheit]

Looks like the gig is up, you can't even bank on getting a desparation bump up in interest rates before the FDIC swoops in, I guess it was raising the cost to the insurance fund.

UPDATE 1-U.S. FDIC restricts interest rates at weak banks
Fri May 29, 2009 3:38pm BST Email | Print | Share| Single Page[-] Text [+]
(Adds action on debt program, background)

WASHINGTON, May 29 (Reuters) - U.S. banks that are struggling to stay afloat will not be allowed to aggressively ratchet up interest rates to attract customer money, a top bank regulator said on Friday.

The Federal Deposit Insurance Corp voted to bar a bank with insured deposits from paying interest rates that "significantly exceed" prevailing market rates if the bank is deemed not well capitalized. The new rule better defines what constitutes normal market rates, the FDIC said.

The agency also finalized a rule that expands the FDIC's debt-guarantee program to include mandatory convertible debt. The FDIC passed an interim rule in February to expand the program, which is designed to boost confidence in banks.

The interest-rate rule comes as many smaller regional banks are weighed down by bad loans and credit losses. The FDIC said on Wednesday that the number of banks on its "problem list" grew 21 percent in the first quarter to 305 institutions -- the highest number since 1994.

Some of those institutions will likely be nursed back to health, but others will join the ranks of the 36 U.S. banks that have failed so far this year.

The number of seized banks has been consistently creeping upward, with 25 failed banks in 2008, and only 3 in 2007.

FDIC Chairman Sheila Bair said this week that the number of failed banks will continue to grow. (Reporting by Karey Wutkowski, editing by Gerald E. McCormick and Steve Orlofsky)

[weissheit]

https://www.darby-direct.com/

2.25% APY no minimums

[poundwise]

Originally Posted by weissheit

https://www.darby-direct.com/

2.25% APY no minimums

Georgia residents only.

[Aleta]

1 yr CD 2.49%
Savings 2.05
Money Market 1.90

[Aleta]

Originally Posted by RedThunderBird

A bit better than mine----- but the way things are going a bit goes a long way ---

This is why I think twice before adding on a new account now. They are teaser rates and can change at any time.

[Aleta]

RedThunderBird: Ever so often Jeffrey will have contests. They can be based on i.e. WHAT SAVING HAS TAUGHT YOU. , i.e. WHAT DID YOU DO TO GET OUT OF DEBT. The different people would go on there and vote for the ones that they liked. Jeffrey tries to keep the blogs interesting. I won a book at that time which was very good. Thank you for asking.

Yes, those 5% days looks very good now.

[weissheit]

Ally online account down to 2.05% APY & MMA at 1.9% APY

[weissheit]

GMAC lending arm Ally Bank responds to FDIC and cuts rates - Jun. 11, 2009

Ally Bank bows to FDIC and cuts rates
The banking arm of troubled lender GMAC came under attack for offering above-market rates to savers. FDIC urged Ally to trim costs.