Online Savings Accounts & Current Rates

[saverbootay]

Savings Square is down to 2.3.

3% use to be the new 4%. Now 2% might become the new 3%.

[kork13]

When do we stop calling these high-yield savings accounts, and instead call them slightly-higher-yield-than-your-average-bank's savings accounts.

LOL! well-said, my good sir... well-said

[BTC]

When do we stop calling these high-yield savings accounts, and instead call them slightly-higher-yield-than-your-average-bank's savings accounts.

Right now, we could call them considerably higher than inflation accounts.

[sweeps]

Right now, we could call them considerably higher than inflation accounts.

Since we're in a deflationary mode right now, under that definition sticking your money under a mattress would be a high yield savings account.

[saverbootay]

HSBC is at 1.85 now. I guess they're following ING downwards.

[Jazzmint98]

Shore Bank is down to 2.80% APY effective 3/10/09.

[aurielle]

HSBC is now down to 1.85%

[dakkars]

Can anyone give a recommendation (or non-recommendation) to Shorebank or redneck Bank. I know shoreBank has dropped to 2.8%.

Anyone with these banks and expereinces??

Thanks and regards

[hmd2009]

looks like redneck bank now has the highest rate in the country, 3.10% with their money market account. Shore is down to 2.8%

So, DollarSavingsDirect has lowered their rate to 2.25%, is it worth the hassle to switch to Redneck for the 3.10% ? I currently have about 27k with DSD.

[swaymonae]

Online savings or online money market?

I'm new to saving all together.. I have online savings accounts with both ING & HSBC, looking for a better rate.

What's the difference between money market and savings?

Are any of these high interest savings accounts or money market accounts a good idea/safe?

[Aleta]

FNBO down to 2.15 APY Down from 2.40APY

[Jazzmint98]

Can anyone give a recommendation (or non-recommendation) to Shorebank or redneck Bank. I know shoreBank has dropped to 2.8%.

Anyone with these banks and expereinces??

Thanks and regards

I have been using ShoreBank for about a year now with no problems. The transfers can take up to 4 days, but overall IMO it is a user-friendly site. I also have accounts at ING & enjoy the speed of the transfers there, but obviously their interest rate is not very appealing at this time.

[poundwise]

Twenty-two different rate changes updated today. Please see page one for the current account listing and rates.

[Maxwell76]

Redneck Bank?!? Now I've seen everthing.

[saverbootay]

The only pet peeve I have with Shorebank is they email you your monthly statements as a PDF. I wish they would just leave them online like everyone else.

The way everyone is dropping, might not be long before Redneck and CNB breaks the 3 barrier.