high yield savings

[prosper]

How fast are you able to obtain money in the event of an emergency from your online savings account?

[kv968]

Using GMAC, it's as soon as I can hit an ATM machine or write a check.

[sweeps]

Depends on the bank. For accounts that come with an ATM card or check writing, pretty fast. Others could take up to a week if the bank offers s l o w ACH transfers or, in some rare circumstances, no ACH transfers at all.

[skydivingchic]

My emergency fund is in a Wamu online savings account. Currently pays 5% and I have access to that money be either transferring funds into my checking online, using an ATM, or walking into a branch office. So I have pretty instantaneous access.

[puck36]

I have mine with HSBC and it take 3 days for the transfer. If I have an emergency under $1000, I would have the money asap because its at my bank.

[anonymous_saver]

I have Emigrant, and I could get my money in an emergency within 1 business day. I am confident I would be fine in the mean time if it was a true emergency... I could borrow from family, use my credit card (and then pay off immediately when the money is transfered over), plus with most emergencies I would be fine anyways with the money in my checking account.

[Aleta]

I got rid of the HSBC account because of the float time. Because the rates are falling, I'm not going to leave money in accounts that aren't willing to pay me a decent rate. The first one that bit the dust was ING and I immediately transferred my money to EmigrantDirect. I don't really think that it is worth the time and computer paper to keep too many online accounts that take up a lot of time.

It all depends on the rates. If the rates are going up, it's a different game. If the rates are going down, I get rid of the first one that lowers its rates and transfer the money to the next one with a better rate. In a climate of lower rates, it doesn't make sense to spend alot of time with too many online accounts.

[disneysteve]

I have a Paypal money market. I think transfers take 2-3 days. There's no reason I would ever need to get to my money faster than that. I've got my checking account with ATM or debit card access. I have a cash emergency fund for instant need and times when electronic networks are unavailable. And I've got credit cards with nearly $100,000 in total available credit. I think I'm covered.

[Ima saver]

I just keep my money in my local bank. I have a little with ING ($1000) but I just opened it to get the free $25 and I have gotten two referrals since then.

[Hypersion]

Using wire transfer I could have cash in hand at almost any time.

Of course I would have to pay a 15-30 fee but if I some how needed the money right away I could get it.

[MoneyMoney]

immediately since I've got an ATM card and where ATM machines are almost everywhere on where I live.

[watcher6342]

right now i use hsbc and capital one.i have an atm card for hsbc , so it would be pretty quick.

[BTC]

I have several online savings accounts. I'm reluctant to close any of them due to the fact that you never know when someone may offer a promotional rate signficantly higher than what you may currently be earning.