Online Savings Accounts & Current Rates - Page 65

BTC · #**1281** (**permalink**) 09-22-2009, 08:01 AM

The limit upon the number of transfers & withdrawals is a federal regulation, and applies to pretty much all money market and savings accounts.

weissheit · #**1282** (**permalink**) 09-26-2009, 05:06 AM

HSBC Direct down to 1.35% APY.

Discover bank is at 2% for online savings and I recently say an ad giving 25 USD bonus for a 1 yr 2% CD, 2500 minimum, hence making it 3% if you just put in the minimum.

Online Savings Account Overview : Discover Bank

saverbootay · #**1283** (**permalink**) 10-05-2009, 10:08 AM

Well that was fast. Discoverbank is 1.85 now.

Ingdirect has a 12-month CD for 2.10%. That's one of the best rates for a CD I've seen.

msnln · #**1284** (**permalink**) 10-07-2009, 11:02 AM

Does anyone here have reward checking account? I read about them on Kiplingers and opened Majestic Checking Account with Royal Bank of MIssouri. This account offers 4.3% interest on deposits up to 25K (and 1.4% above 25K) and reimburse up to $25 ATM fees but you must meet monthly requirements such as 10 debit card transactions (excluding ATM withdrawal), 1 direct deposit, and estatement. Any month you do not meet the requirement, rate falls to 0.15% and no ATM fee reimbursement. For FDIC insured account, this seems like a great deal. I figure I will use debit cards for small transactions (under $10) for coffee shops, fast food, etc. and do direct deposit of payroll. Let me know if I missed anything.

Royal Banks of Missouri :: Personal Finance :: Checking :: Majestic Checking

wvufan1985 · #**1285** (**permalink**) 10-08-2009, 01:19 PM

ING Direct has a 12 Month CD for 2.25% if you open the CD with money outside of ING.

woodie96 · #**1286** (**permalink**) 10-09-2009, 09:21 AM

I also noticed on my statement from One United that effective in August 09, if your balance isn't 2500, there is a 3.00 monthly maintenance fee.......
Talk about takin away all interest ya earned.....that bites....

saverbootay · #**1287** (**permalink**) 10-09-2009, 11:33 AM

Quote:

ING Direct has a 12 Month CD for 2.25% if you open the CD with money outside of ING.

That's not bad. I wonder if ING is trying to stop the rush of people from draining their accounts.

saverbootay · #**1288** (**permalink**) 10-13-2009, 03:25 PM

American Express®

Looks like American Express is following Discover by opening an online bank. Rate is comparable, 1.85%.

Slee_Stack · #**1289** (**permalink**) 10-22-2009, 06:33 PM

DSD down to 1.60% I've lost count how many times they have dropped interest rates now. Beyond lame.

weissheit · #**1290** (**permalink**) 10-23-2009, 12:40 PM

Dollar Bank in Pittsburgh and Cleveland offers true internet banking services including online checking accounts, savings, certificate of deposit (CDs), online bill payment, consumer & home equity loans, mortgages, credit cards, personal, small busin

This is not DSD by emigrant & they have 2.5% for up to 20k if you also have a checking acct w/ a minimum level of activity. The odd catch is they will not let you open an account if you live outside their "service area". I called to ask for an explanation and outside of stating I was outside their service area she could not answer the question. Any thoughts on why a bank (they are not a credit union) would decide to not take my 20k? I have a physical address in their service area, but as I do not live there any more she said it did not count, but if I had opened the account before I moved they would let me stay. I asked if there was a military exception, and she just started babbling the same "policy" thing which meant "NO"

saverbootay · #**1291** (**permalink**) 10-26-2009, 10:33 AM

This is kind of interesting. Although, most of us have moved on to other banks that pay better.
The Delaware Business Ledger - Newark, DE > News > ING to sell Delaware-based bank by the end of 2013

ING announced they are selling INGDirect in the USA. Their plan is to "divest" it by the end of 2013. It'll be interesting to see who (if anyone) ends up buying the accounts.

BTC · #**1292** (**permalink**) 10-27-2009, 05:49 PM

The American Express savings account appears to be down to 1.70% APY.

I spent a couple of years working at ING. It kind of sucks to see them busting up their business, but I guess you gotta do what you gotta do.

saverbootay · #**1293** (**permalink**) 10-29-2009, 11:20 AM

Quote:

It kind of sucks to see them busting up their business

I read one article that said the EC didn't like the idea of their European tax money being used to prop up ING's American businesses, especially since it's American mortgages that's messing up ING's balance sheet. So, the EC forced ING to get rid of INGDirect.

I wonder how much INGDirect would go for. They say they have $75bn in deposits and $90bn in assets. Although, apprently, a good chunk of their assets are these Alt-A-style mortgages.

This so-called "analyst" name-checks a couple large Canadian banks: TD or RBC.
ING's Fate: From Bank Deposits to Marathons at SmartMoney.com

Quote:

“A large bank would look at not only an opportunity to acquire a profitable business, but also a customer base to cross-sell to,” he says. Potential candidates? Don’t be surprised if some of the large Canadian banks, such as Royal Bank of Canada or TD Bank, express an interest, Shevlin says.

StockTrader6080 · #**1294** (**permalink**) 10-31-2009, 11:42 PM

Quote:

Originally Posted by Ima saver

Thanks I needed that. I want to open a high interest account as soon as I sell my spec house. If you could put up links, I promise to write them all down and not keep asking for them. Thanks again, poundwise!!

The higest interest I saw in the list is 2.15%/yr.

So where are you going to open a HIGH interest rate account?

You could do 10 times that in the stock market, standing on your head.

Ima saver · #**1295** (**permalink**) 11-01-2009, 08:00 AM

I have plenty of money in the stock market and in mutual funds. My husband is a builder and we need to keep a lot of cash to build houses with. We pay cash for the land and all the materials. Actually, I did find a checking account that paid me 3.19 % for an entire year when I sold my spec house. I also opened a jumbo CD that is paying 4% for two years.

Thank you, but I don't need to stand on my head!

StockTrader6080 · #**1296** (**permalink**) 11-01-2009, 09:08 AM

Quote:

Originally Posted by Ima saver

I have plenty of money in the stock market and in mutual funds. My husband is a builder and we need to keep a lot of cash to build houses with. We pay cash for the land and all the materials. Actually, I did find a checking account that paid me 3.19 % for an entire year when I sold my spec house. I also opened a jumbo CD that is paying 4% for two years.

Thank you, but I don't need to stand on my head!

I didn't understand your comment about standing on your head until I read the end of my post. LOL.

You expertise is obviously in home building, a subject I know nothing about. I litterally only buy completed houses because I know so little about building and/or renovating.

I, on the other hand, live and breath the stock market, and do robotic trading, and get steady 8% to 10% returns each month. The stock market is actually nothing but numbers going up and down. People and TV commentators are making the market sound much tougher than it actually is.

The large institutions have proven for years that robotic trading ("program trading") works, and the mutual funds have been proven not to work.

You sound like you are doing very well and are very happy, as am I and my family. That is always great to hear in this crazy world. You should keep doing what is working so well for you.

Cheers!

Ima saver · #**1297** (**permalink**) 11-01-2009, 02:45 PM

Thanks and good luck with your trading!!

ChrisH · #**1298** (**permalink**) 11-02-2009, 01:07 PM

SavingsSquare is now 1.55%

feh · #**1299** (**permalink**) 11-03-2009, 01:16 PM

I just received email indicating the interest my ShoreBank account earns has been reduced to 1.95%, effective tomorrow.

poundwise · #**1300** (**permalink**) 11-06-2009, 07:50 AM

After a hiatus, I returned today to perform a major update to this listing. Most of the rates changed, though some did not, and most of the rates didn't move very much.

Venture Bank is gone, having been absorbed by First Citizens Bank. Amegy Bank is off of the list having dropped below 1.00% APY. One link had to be updated as, apparently, Apple Bank has made some significant changes to their site.