Online Savings Accounts & Current Rates

[Russell]

Is there a reason why SmartyPig.com is not on the list? They're paying 2.75% APY - there are some conditions like a min $10 monthly auto deposit.

I just opened an account and transferred most of my money from HSBC to them.

[BTC]

HSBC dropped their yield to 1.45% Several of the 2%+ accounts are no longer 2%+.

[Russell]

BTC, I got the email from HSBC too. I felt like replying and saying "Thanks for the heads up I'll be pulling the rest of my money out shortly".

I know it's not all the bank's fault but there aren't many good options left to park your cash anymore.

[poundwise]

List completely updated today, August 13th.

• Multiple rate changes

• With this update, now posting accounts 1.35% APY and higher

• Dropped: Univest Direct, Doral Bank, OneUnited, Amboy Direct

• Added: Bank of Internet Advantage, SmartyPig

• Restored: Venture Bank, ING Direct

Please review the listing. If you find any errors please report them to me. If you know of other accounts, fitting the criteria for listing (see bottom of first post), please post them in this thread so that they may be added at the next update.

[spooky187]

Discovercard savings account

2% APY
$500 min opening account
no min balance.
H-t-t tp / w/ w . w discoverbank(DOT)com/online-savings-account. -ht-m-l

[littlehousevalley]

Thanks for this list. I don't see Capital One on this list, I currently have a Capital One High interest savings account and am getting about 1.7%. I see that other banks are offering slightly more.
thanks again-
Little House

[sk24iam]

How does everyone feel about the Schwab online checking account?

[Scanner]

I have been very satisfied with Charles Schwab checking. Not always the highest yield but competitive and you can use any ATM and they reimburse you the fee.

[weissheit]

Thanks for this list. I don't see Capital One on this list, I currently have a Capital One High interest savings account and am getting about 1.7%. I see that other banks are offering slightly more.
thanks again-
Little House

I think you're referring to the cap one acct that requires 10k minimum balance. The one w/o such a high minimum is 1.2%. Thus neither one meets the current criteria to be listed.

[Aleta]

ING dropped from 1.40 to 1.30

[Aleta]

Emigrant Direct dropped from 1.40 to 1.30%

[reptile411]

Just an FYI. I have accounts at ING as well as HSBC. I just moved all my money to HSBC as there rate is not falling as far as fast as ING. ING went down again to 1.292, HSBC is still at 1.45.

[reptile411]

More FYI Ally Bank is at 1.73APY I just opened an account, no minimum but unfortunately I think they said only 6 withdraws each month. Thats fine with me as I don't plan on taking it out unless it falls below the other banks.

[BTC]

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

[weissheit]

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