Online Savings Accounts & Current Rates

[nmboone]

Wow, can't wait to see how low they actually go! Yeah, not really. I put more money in emigrant today and I saw it at 2.5. Still can't believe once it was 5.15. Gotta love it.

[Ima saver]

I closed my Umbrella account yesterday. I can get 3.19 locally, so I might as well stay close to home. My bank is paying 3.19% just on checking accounts with a $1000 balance.

[poundwise]

UPDATES 1/14

Big APY Drops:
OnBank down from 3.15 to 2.60 (.55)
M&T Bank down from 2.75 to 2.25 (.50)

Other Moves Downward:
Union FSB down from 3.60 to 3.30 (.30)
SquareSavings down from 3.60 to 3.30 (.30)
Century Bank Money Market down from 3.57 to 3.32 (.25)
Century Bank Online Savings down from 3.41 to 3.31 (.20)
Nationwide down from 2.97 to 2.79 (.18)

[SacredFaerie]

Yeah they shot me an email. It's not great but it's not bad.

[saverbootay]

The front-page list still shows Square Savings at 3.6%.

Haha, when did Redneck Bank start business?

[srblanco7]

I have a question - I noted that the rate for a 6 mo CD was less than the saving rate for an ING orange savings account. This didn't make sense to me, as I have access to my money with the ING savings account vs. having my money locked up for 6 months in a CD.

Can anyone clarify why the rate is lower for the CD?

[poundwise]

The front-page list still shows Square Savings at 3.6%.

Good catch. I moved it to the proper position on the list but I didn't change the figure. I've corrected that now.

Haha, when did Redneck Bank start business?

I don't know when they went online as Redneck Bank, however, the site states: Redneck Bank® is the Internet Banking Division of Bank of the Wichitas®, a well-respected "country" bank established in 1913, and is insured by the FDIC, like all legitimate banks!

[sweeps]

Redneck Bank -- is that the bank that gives you a rifle when you open an account?

[Aleta]

GMAC online savings now 3.25%
" online money market 2.75%
" online CD - 1 year 3.50%

[poundwise]

GMAC online savings now 3.25%
online money market 2.75%

Yes, that is how those accounts are presently listed.

[Aleta]

Sorry Pundwise.

The rates are now:
GMAC Online savings: 3.00%
" Online Money Market 2.50
" Online CD 1 year 3.50

[poundwise]

Ok, I've made those changes:

GMAC Online Savings down from 3.25 to 3.00
GMAC Money Market down from 2.75 to 2.50


Note: GMAC Online Savings main page still reads 3.25% as of this moment, however, if you click on 'Today's Rates,' that page shows that the current yield is 3.00%.

[scfr]

Amegy's down to 2.40% APY

[saverbootay]

Flagstar is down to 3%. Sheesh, they're dropping like flies.

I wonder how DollarSavings can keep offering 4%. They must've written some pretty bad loans....

[poundwise]

UPDATES TODAY 1/17

APY moves downward
Flagstar down from 3.55 to 3.00 (.25)
Venture down from 3.50 to 3.30 (.20)
Union FSB down from 3.30 to 3.10 (.20)
Amboy down from 2.79 to 2.53 (.26)
Amegy down from 2.50 to 2.40 (.10)

Big APY drops
OnBank down from 2.60 to 1.90 (.70) and off the list
M&T down from 2.25 to 1.75 (.50) and off the list