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  #141 (permalink)  
Old 10-09-2006, 07:42 AM
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Default Re: Summary post of online MMA rates

Quote:
Originally Posted by BTC
Bank United raised their yield to 5.35%, but they may not qualify for this list with the $5,000 minimum deposit requirement.
Requiring $5,000 to open the account does not disqualify them from the list, however, they also require maintaining a balance of $5,000 to earn the stated interest and avoid fees. This is why they do not appear in this thread.

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  #142 (permalink)  
Old 10-09-2006, 08:07 AM
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Default Re: Summary post of online MMA rates

Is Bank United an internet bankm or brick and mortar bank?
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  #143 (permalink)  
Old 10-09-2006, 08:15 AM
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Default Re: Summary post of online MMA rates

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Originally Posted by Ima saver
Is Bank United an internet bankm or brick and mortar bank?
They are a bank with "75 full-service branches" based in South Florida offering Internet banking services.

This is, basically, what most of the "Internet banks" are, online arms of established local or regional brick and mortar banks. Of course, I say most, certainly not all.

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  #144 (permalink)  
Old 10-09-2006, 08:45 AM
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Default Re: Summary post of online MMA rates

Thak you poundwise. I think I remember reading that somewhere on this forum.
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  #145 (permalink)  
Old 10-10-2006, 03:43 PM
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Default Re: Summary post of online MMA rates


Update 10/10 --

UFBDirect (High-Yield) rate moves downward (slightly) from 5.27% to 5.26% APY.

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  #146 (permalink)  
Old 10-16-2006, 04:52 AM
RJB1180 RJB1180 is offline
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Default Re: Summary post of online MMA rates

Is anyone worried about Amboy going under??

When Kara Homes filed for bankruptcy this month, Amboy National Bank of Old Bridge was listed as the largest creditor with $58.2 million in loans.

When local real estate mogul Solomon Dwek's $400 million empire was frozen by a judge following charges of bank fraud, Amboy was again the largest creditor — for $49.7 million.

Just as Amboy has been surprised by the loans gone bad, a real estate market in decline could spell financial trouble for other local banks and thrifts that have lent heavily for housing developments and commercial real estate, bank analysts and federal regulators say.

Read all about it at http://www.app.com/apps/pbcs.dll/art...=2006610150396
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  #147 (permalink)  
Old 10-16-2006, 05:00 AM
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Default Re: Summary post of online MMA rates

poundwise: i don't know if it's on the list or not (i haven't seen it): grand yield direct, the online half of apple bank in NY. 5.25% no monthly fees, $1 min balance, and interst compounded daily deposited into the acct monthly.
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  #148 (permalink)  
Old 10-16-2006, 08:00 AM
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Default Re: Summary post of online MMA rates

Quote:
Originally Posted by RJB1180
Is anyone worried about Amboy going under??

When Kara Homes filed for bankruptcy this month, Amboy National Bank of Old Bridge was listed as the largest creditor with $58.2 million in loans.

When local real estate mogul Solomon Dwek's $400 million empire was frozen by a judge following charges of bank fraud, Amboy was again the largest creditor — for $49.7 million.

Just as Amboy has been surprised by the loans gone bad, a real estate market in decline could spell financial trouble for other local banks and thrifts that have lent heavily for housing developments and commercial real estate, bank analysts and federal regulators say.
I wouldn't be concerned. Amboy has been around for 118 years and is sound with total assets of more than $2.6 billion, net income for 2005 was $81.8 million with shareholder's equity of $196 million.

On top of that, each account is FDIC insured.

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  #149 (permalink)  
Old 10-16-2006, 08:01 AM
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Default Re: Summary post of online MMA rates

Quote:
Originally Posted by tinapbeana
poundwise: i don't know if it's on the list or not (i haven't seen it): grand yield direct, the online half of apple bank in NY. 5.25% no monthly fees, $1 min balance, and interst compounded daily deposited into the acct monthly.
Yes, Grand Yield Direct is on the list. It has been consistently near the top for the last 60 days or so by offering 5.25%.

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  #150 (permalink)  
Old 10-17-2006, 05:27 AM
trainedmonkey trainedmonkey is offline
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Default Re: Summary post of online MMA rates

Thank you and a suggestion.

I would like to thank you for keeping this list up to date. Also I'm wondering if there would be someway to place a ranking on these from a rate standpoint from week to week. My first thought was to use a spreadsheet but everyone might not have the ability to view its contents but since you are updating the sticky post an idea of how they stack up week to week or month to month would be nice.

Just a thought and thanks again.
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  #151 (permalink)  
Old 10-17-2006, 06:40 AM
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Default Re: Summary post of online MMA rates

although not complete here is a graph someone put together http://www.pfstuff.com/savings/
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  #152 (permalink)  
Old 10-17-2006, 06:50 AM
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Default Re: Summary post of online MMA rates

Quote:
Originally Posted by trainedmonkey
Thank you and a suggestion.

I would like to thank you for keeping this list up to date. Also I'm wondering if there would be someway to place a ranking on these from a rate standpoint from week to week. My first thought was to use a spreadsheet but everyone might not have the ability to view its contents but since you are updating the sticky post an idea of how they stack up week to week or month to month would be nice.

Just a thought and thanks again.
I'm working a new format, however, as far as rate goes, the item listed first in each list is the top rate and the list descends. Whenever two or more offerings are equal, the one who has offered the rate for the longest period generally gets placed first.

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  #153 (permalink)  
Old 10-17-2006, 06:51 AM
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Default Re: Summary post of online MMA rates

Quote:
Originally Posted by RJB1180
although not complete here is a graph someone put together http://www.pfstuff.com/savings/
I like the charting of historical rates, however, you are correct, it is certainly not a complete listing. The charts are a bit hard to read as well. Still, a nifty idea.

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  #154 (permalink)  
Old 10-17-2006, 09:43 AM
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Default Re: Summary post of online MMA rates

I opened checking and savings accounts with UFB Direct. It's nice to get a high rate of interest, BUT ... they hold on to deposits I send by mail for days before clearing them because, I was told, they are drawn on out of state (Indiana) checks.

AS IF! That excuse worked 20 years ago, but there's no such thing today when everything goes through in a millisecond. My bricks-and-mortar bank (Citibank) pulled the same thing when I had an unusually large (for me, anyway) check to deposit from a mutual fund. Right, like they really have to wait for a check from Ameriprise to clear. I told them the check would clear and be in the bank's coffers before I even walked out the door.

I wonder if I'm losing more during the hold period than I'm gaining in interest ...
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  #155 (permalink)  
Old 10-17-2006, 04:48 PM
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Default Re: Summary post of online MMA rates

Poundwise,

Would you want to add this to the site Bank United is paying 5.50% for a 6 Month CD with a minimum of $5000.00 here is the link http://www.bankunited.com/SweetCD/
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  #156 (permalink)  
Old 10-17-2006, 05:16 PM
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Default Re: Summary post of online MMA rates

Quote:
Originally Posted by gavinmccallister
Poundwise,

Would you want to add this to the site Bank United is paying 5.50% for a 6 Month CD with a minimum of $5000.00 here is the link http://www.bankunited.com/SweetCD/
Thanks for the suggestion but no, the listings I maintain here are for bank MMA/savings, not CD rates.

Just FYI. AmTrust currently offers 5.61% APY on their 6 month CD with a minimum of $1000 to open.

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  #157 (permalink)  
Old 10-17-2006, 06:41 PM
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Default Re: Summary post of online MMA rates

Poundwise, I see your thread got stickied! You da man...
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  #158 (permalink)  
Old 10-17-2006, 07:34 PM
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Default Re: Summary post of online MMA rates

Quote:
Originally Posted by Sweepsplayer
Poundwise, I see your thread got stickied! You da man...
I suppose I could use my points to buy that title...

poundwise
$ Da Man

LOL

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  #159 (permalink)  
Old 10-22-2006, 03:12 PM
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Default Re: Summary post of online MMA rates


Listings checked today - 10/22

No rate changes to report

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  #160 (permalink)  
Old 10-23-2006, 05:07 PM
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Default Re: Summary post of online MMA rates


I have written and posted a review and comment on AmTrust Direct. link

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