elyse449 Posted July 31, 2007 Report Share Posted July 31, 2007 Hi,I'm looking to open a savings account. It's for "rainy day" type savings.Anyway, I was wondering if anyone has any recommendations on a good bank (online or traditional, whatever) that has decent interest rates??I tried to look at bankrate.com, but they didn't have a list that I could see. Oh, ok--found a way to look it up...but gosh do our local banks offer CRAPPY interest on their savings!!!Elyse Link to comment Share on other sites More sharing options...
2ndTimeAround Posted July 31, 2007 Report Share Posted July 31, 2007 Hi,I'm looking to open a savings account. It's for "rainy day" type savings.Anyway, I was wondering if anyone has any recommendations on a good bank (online or traditional, whatever) that has decent interest rates??I tried to look at bankrate.com, but they didn't have a list that I could see.ElyseElyseCheck you local credit unions, they have higher rates then many regular saving banks. Going one step further, you could purchase US savings bonds at half the face value. The trick is waiting 7 years for them to mature. Looking past that, you could invest in a conservative mutual fund. This is were it gets alittle (if not alot) risky. To have a good portifio - you want to have money in all of the above... Link to comment Share on other sites More sharing options...
elyse449 Posted July 31, 2007 Author Report Share Posted July 31, 2007 ...thanks 2ndtimearound! I had forgotten about savings bonds! And I will check w/ the credit unions. I never considered using multiple methods, either! Thanks.Elyse Link to comment Share on other sites More sharing options...
Amerikaner83 Posted August 1, 2007 Report Share Posted August 1, 2007 I've heard good things about ING direct. Don't have them myself, but they seem OK. Not sure what rates you're going to get with your local CU's, as you may be in a different part of WA than me (N of seattle about an hour) - check out BECU or Watermark CU - they've been good to me - I had a car loan thru Watermark - going to do a CD with them in 6 months or so. Link to comment Share on other sites More sharing options...
razr Posted August 1, 2007 Report Share Posted August 1, 2007 I've heard good things about ING direct. I've been using ING Direct for some time, about the best rates you can get. No complaints at all.-r Link to comment Share on other sites More sharing options...
chucksnee Posted August 1, 2007 Report Share Posted August 1, 2007 ING direct is the way to go. I have them and love them, It is linked to another bank account you have. Right now there APR is around 4.50%You can also make $25 for signing up with them as long as you are invited......If you want to be invited PM me and we can talk...Chuck Link to comment Share on other sites More sharing options...
Amerikaner83 Posted August 1, 2007 Report Share Posted August 1, 2007 I wanna be a part of the club! Link to comment Share on other sites More sharing options...
chucksnee Posted August 1, 2007 Report Share Posted August 1, 2007 I wanna be a part of the club!PM me, i have several invites left to give out....Chuck Link to comment Share on other sites More sharing options...
niquieg Posted August 11, 2007 Report Share Posted August 11, 2007 My recommendation is Emigrant Direct offers a higher interest than ING Link to comment Share on other sites More sharing options...
jjpc Posted August 11, 2007 Report Share Posted August 11, 2007 I heard about ING through my Home Buying program, it's a great way to put a little away each paycheck:) Link to comment Share on other sites More sharing options...
jq26 Posted August 11, 2007 Report Share Posted August 11, 2007 I think eTrade has an online money market that is higher than ING. Anything over 5% is decent. I have two ING accounts (3 counting my wife's account) and an HSBC account. The yields are so much better than brick and mortar banks. Link to comment Share on other sites More sharing options...
Freak Posted August 12, 2007 Report Share Posted August 12, 2007 5.05% at HSBC. Link to comment Share on other sites More sharing options...
Lyssarene Posted August 19, 2007 Report Share Posted August 19, 2007 zions bank -- it is internet banking, I believe 5.2 or something Link to comment Share on other sites More sharing options...
Master Debator Posted August 21, 2007 Report Share Posted August 21, 2007 the best saving account rate avail is at AmTrust Direct 5.36% i'm about to open one there, they require a minimum of $1,000.00 to open but no minimum balance fees, no monthly service fee, and you can link it up to your current bank accounts, and its FDIC insured Link to comment Share on other sites More sharing options...
Master Debator Posted August 27, 2007 Report Share Posted August 27, 2007 well AmTrust Direct went down to 5.31% since my last post but still the best rate, they also dropped minimum amount to open to $1.00 instead of $1,000.00 Link to comment Share on other sites More sharing options...
jq26 Posted August 27, 2007 Report Share Posted August 27, 2007 One other thing. You can link multiple accounts together electronically. You can chase yields by continually electronically transferring funds from the lower yielding accounts to the highest. That's the best way to keep them from dropping yields! No high yield, no funds. Link to comment Share on other sites More sharing options...
CleverCynic Posted August 27, 2007 Report Share Posted August 27, 2007 I just want to point out that regardless of 5% or higher or lower figures, that it makes absolutely NOOOOOOOOO sense putting ANY money into savings unless your current credit cards are COMPLETELY PAID OFF. It will cost you REAL money in excess of your savings not to put everything you possibly can into those debts. Since your available credit grows, you'll still have your emergency or rainy day wiggle room until the process is complete. Just putting it out there! Link to comment Share on other sites More sharing options...
Guest tigger7588 Posted August 27, 2007 Report Share Posted August 27, 2007 Washington mutual has 4.89 if you signup for your account online Link to comment Share on other sites More sharing options...
klchicago Posted August 28, 2007 Report Share Posted August 28, 2007 Hi Elyse,I've had an ING Orange Savings Account and am very satisfied with it. They have great customer service and easy to use web interface for transferring money etc and also 4.5%. All you need is a B&M bank checking account to link it to. If you have a savings account with them, you can also open an Electric Orange "paperless" checking account. I have one of those as well and its really great for bill pay, etc. For instance, if I send a check online via my current bank, LaSalle, doesn't remove the money from my online statement until the check is cashed (say for my landlord who doesn't take elect. transfer)...the ING Electric Orange removes the amount from your balance and "holds" it so that you wont overdraft etc. The EO also has a high intereste rate...I think around 4% which is good if you want to keep alot of money in your checking account (not me though, just use if for the ease of paying bills). I know HSBC rates are competative as well and there are others out there (some bank out of NY has a great rate but I can't remember there name). They are all so close, I like the customer service of ING so I stick with them. Link to comment Share on other sites More sharing options...
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