Online Savings Accounts & Current Rates

[poundwise]

After maintaining a list of current online savings accounts and rates for nearly four years, I am announcing that I will no longer actively maintain it. Thanks to Jeffrey and Nate for providing this site and assistance to me for this listing.

I have left the list/links of offerings below for future reference. There are, of course, other banks - as well as credit unions, which were not contained on this list - that offer varying levels of rates on various types of accounts. When I began this list, many online banks offered 5% or more. At the present time, it is difficult to say that any bank or credit union really offers a high rate. Some banks do offer a higher rate if you have checking, savings, and use a debit card, etc. as a promotion, so you may want to be on the lookout for such in your area.

Hopefully this listing has been of service to SavingAdvice members and others who have found it by web searches. I wish us all a prosperous future.

Keep saving!
poundwise



Smarty Pig Simple Smart Savings

Redneck Bank Mega Money Market

SCB Ready Saver High Interest Savings

Bank of Internet High Yield Savings

Bank of Internet Money Market Savings

Discover Online Savings

CNB Bank Direct High Yield Savings

Savings Square Square Savings

Nationwide High Yield Money Market

Bank of Internet Advantage Savings

Ultima Bank Savings

AMEX High-Yield Savings

Dollar Savings Direct

Ally Bank Online Savings

Ally Bank Money Market Savings

Apple Bank Grand Yield Direct

FNBO Direct Online Savings

iGOBanking iGOSavings

Union FSB Online Money Market

EmigrantDirect AmericanDream Savings

HSBC Online Savings

ING Direct Orange Savings

[sweeps]

Excellent! Suggestion: May want to add links for convenience.

[poundwise]

Good suggestion. Will do.

[Done! Links added.]

[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!!

[Ima saver]

Thanks so much for the links!!

[JoyJoy]

Yes Poundwise thanks for all the links and the information on each bank. That took a lot of compiling and you did it expertly and neatly too!

Definitely a keeper. Will help with going to the banks individually to see if rates have changed. Again great job!!!

[Ima saver]

It sure was a great job and we all really appreciate it. [Automated by GetSmile]

[Duchesse]

Citibank 5.00%

[Ima saver]

Is citibank paying 5%? Is there a link?

[poundwise]

Originally Posted by Duchesse

Citibank 5.00%

Thanks for bringing this omission to my attention. I've added it now.

I didn't keep them in mind because of the stipulation that you have to have a checking account with them in order to get the savings rate. And, the EZ Checking that they offer has account maint fees unless you have a balance of $1500 or meet some other qualifications. However, it seems that if you have the 'package' of both the EZ Checking and the e-Savings, then you do not have any fees to worry about.

[disneysteve]

Great list. Would you mind if I shared it at another discussion site?

[poundwise]

Originally Posted by disneysteve

Great list. Would you mind if I shared it at another discussion site?

I don't mind at all.

[Ima saver]

I wish more banks would let you use the phone or mail to open an account. I have no idea how to use a printer and mine has no paper or ink in it!

[Ima saver]

I thought I would bring this to the top again, I think it is important!

[Broken Arrow]

I was originally thinking GMAC, but HSBC is looking mighty enticing!

Great job on the list!

[sweeps]

Rumors are that Emigrant will be going up to 5% starting tomorrow (7/4). Source: Bank Deals.

[BTC]

Originally Posted by Ima saver

I wish more banks would let you use the phone or mail to open an account. I have no idea how to use a printer and mine has no paper or ink in it!

I know it's none of my business, but I'm curious how old you are. I'm going to be in Dalton, GA later this week. For a cold glass of lemonade, I would be happy to stop by and show you how to use your computer if you're anywhere in the vicinity. But, you'll have to buy the ink and paper. Unless you have a relatively new printer, you should probably expect a case of sticker shock when you purchase the ink. I hate to see anyone miss out on banking in the 21st century because they're afraid of their PC.

[Ima saver]

What a nice thing to do. My last job was in 1980 and we did not have a computer there. When I moved here, the only job I could get was a waitress job, so that is what I did for a living for a while. My husband has never used a computer either. He bought me one for christmas a year and a half ago and I know nothing about it. (I am over 60) But Dalton is too far away, I am up in the mountains in Blairsville, by the N.C. line. Thanks anyway!!

[poundwise]

I updated the yields today: Saturday, July 8, 2006

[Ima saver]

Thanks so much poundwise, it is really hard to keep track of!!