Online Savings Accounts & Current Rates

[BTC]

Nevermind.

[jeffmem]

Wow, when she stopped updating this list the thread just died... I hope all of us can maintain it ourselves and update each other about current rates.

I hope poundwise will return, but I think right now the rates are so low that it probably doesn't really even matter. I sort of hope the end of this year will bring some rise in rates, but I am not holding my breath.

[myself]

Is it safe to use internet banks?

Well, it appears that after having an account with an Internet Bank myself for over 3 years, I'd have a tendency to think so. I've also switched my primary checking account to an Internet Bank. The interest I earn on my checking is only 0.25% (until I get above $50k), but my savings is 1.1% right now, which is only about 70x more than what my local bank would pay me for savings. And I have very good control of the monies (plus/minus 3 days for transfers) all to myself. In my case, I work with ING direct, but there are others that are just as valid. Look for the FDIC that they offer, or don't go with them IMHO.

[financebanter]

Re: Online Savings Accounts & Current Rates

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

[ukgaz]

Couple of days late but SmartyPig drops rates from 2.15 to 1.75

[ukgaz]

Increase in ING CD rates today.

12 and 18 Month up from 1.10 to 1.25 APY
24 and 30 Month increase to 1.35 APY
36, 48 and 60 month increase to 1.50 APY

[financebanter]

Re: Online Savings Accounts & Current Rates

Are you sure, Citibank paying 5%? Is there a link?

[feh]

Just received email that Redneck is dropping to 1.75 on 11/18.

[Eric80]

Nice research Poundwise. You find out some awesome ideas to savings. And I hope you are right. I'm feeling interest in your thought. I've to think more to apply it. But please keep continue. Thank you.

[ukgaz]

Big decrease for SmartyPig accounts from 1.75% to 1.35% today

[canada94]

Some great advice on here, a few links would make it more convenient to see.thx

[Frugal]

Thanks for sharing this! Very useful info. here!

[Bluezy]

Long time no see Saving Advice friends! Hope all is well.

I've had the AMEX savings for 6 months with good results. The rate is staying constant at 1.15% and the infamous AMEX Customer Service comes with it.

[poorgradstudent]

Just got an email that smarty pig is lowering rates to 1.1% for balances up to 25k. Man I wish interest rates would start going back up.

[thesmartnickel]

Anyone know the highest interest rate for savings account right now? I believe Discover Online Savings and Capital One are pretty close, around 1.1% and Capital One has some kind of interest bonus, but I may be missing a few.