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Old 07-07-2006, 11:16 AM
jdgay22 jdgay22 is offline
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Default security savings bank 5.40% savings account
does anyone use this savings account. it say only $100 to open. and has the highest yield i have seen. 5.40%

http://www.bankplace.com/
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Old 07-07-2006, 11:17 AM
jdgay22 jdgay22 is offline
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Default Re: security savings bank 5.40% savings account
http://www.bankplace.com/ratesheet.pdf

the rate sheet
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Old 07-07-2006, 11:37 AM
sweeps sweeps is offline
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Default Re: security savings bank 5.40% savings account
Bankdeals has some information on this account. (Link) Security Savings has no online banking, so Banking Guy recommends linking it to another account so you can make ACH transfers. Other than that, seems like a good deal.
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Old 07-07-2006, 04:36 PM
JoyJoy JoyJoy is offline
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Default Re: security savings bank 5.40% savings account
Thanks for alerting us to this jdgay22 and thanks for the research Sweeps! 5.40% is the highest I have seen too.
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Old 07-07-2006, 10:30 PM
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gavinmccallister gavinmccallister is offline
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Default Re: security savings bank 5.40% savings account
Quote:
Originally Posted by jdgay22
does anyone use this savings account. it say only $100 to open. and has the highest yield i have seen. 5.40%

http://www.bankplace.com/
I saw on their website that they compound interest daily but only credit it quarterly, so I take it if you close the account before the quarter you lose your interest. Is it better to have a bank that compounds daily and credits monthly?
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