Online Savings Accounts & Current Rates

[poundwise]

Re: Summary post of online MMA rates

Thank you and a suggestion.

I would like to thank you for keeping this list up to date. Also I'm wondering if there would be someway to place a ranking on these from a rate standpoint from week to week. My first thought was to use a spreadsheet but everyone might not have the ability to view its contents but since you are updating the sticky post an idea of how they stack up week to week or month to month would be nice.

Just a thought and thanks again.

I'm working a new format, however, as far as rate goes, the item listed first in each list is the top rate and the list descends. Whenever two or more offerings are equal, the one who has offered the rate for the longest period generally gets placed first.

[poundwise]

Re: Summary post of online MMA rates

although not complete here is a graph someone put together http://www.pfstuff.com/savings/

I like the charting of historical rates, however, you are correct, it is certainly not a complete listing. The charts are a bit hard to read as well. Still, a nifty idea.

[vsjhoc]

Re: Summary post of online MMA rates

I opened checking and savings accounts with UFB Direct. It's nice to get a high rate of interest, BUT ... they hold on to deposits I send by mail for days before clearing them because, I was told, they are drawn on out of state (Indiana) checks.

AS IF! That excuse worked 20 years ago, but there's no such thing today when everything goes through in a millisecond. My bricks-and-mortar bank (Citibank) pulled the same thing when I had an unusually large (for me, anyway) check to deposit from a mutual fund. Right, like they really have to wait for a check from Ameriprise to clear. I told them the check would clear and be in the bank's coffers before I even walked out the door.

I wonder if I'm losing more during the hold period than I'm gaining in interest ...

[gavinmccallister]

Re: Summary post of online MMA rates

Poundwise,

Would you want to add this to the site Bank United is paying 5.50% for a 6 Month CD with a minimum of $5000.00 here is the link http://www.bankunited.com/SweetCD/

[poundwise]

Re: Summary post of online MMA rates

Poundwise,

Would you want to add this to the site Bank United is paying 5.50% for a 6 Month CD with a minimum of $5000.00 here is the link http://www.bankunited.com/SweetCD/

Thanks for the suggestion but no, the listings I maintain here are for bank MMA/savings, not CD rates.

Just FYI. AmTrust currently offers 5.61% APY on their 6 month CD with a minimum of $1000 to open.

[sweeps]

Re: Summary post of online MMA rates

Poundwise, I see your thread got stickied! You da man...

[poundwise]

Re: Summary post of online MMA rates

Poundwise, I see your thread got stickied! You da man...

I suppose I could use my points to buy that title...

poundwise
$ Da Man

LOL

[poundwise]

Re: Summary post of online MMA rates


Listings checked today - 10/22

No rate changes to report

[poundwise]

Re: Summary post of online MMA rates


I have written and posted a review and comment on AmTrust Direct. link

[poundwise]

Re: Summary post of online MMA rates


Update today: 10/24

UFBDirect up from 5.26% APY to 5.28% APY

[risknothing]

Re: Summary post of online MMA rates

Does Amtrust charge you close an account? I decided that GMAC Bank is better.

[poundwise]

Re: Summary post of online MMA rates

Does Amtrust charge you close an account? I decided that GMAC Bank is better.

I'm sure they could tell you if you called them, however, there is no language in their terms that would indicate that they would attempt to charge you a fee for closing your account whenever you'd like.

[wyett3]

Re: Summary post of online MMA rates

The accounts in this list require $1,000 or more to open but require $1,000 or less to earn a high rate of interest and to avoid fees. At the present time, this list will not include any MMA offering less than 5.00% APY.

Presidential savings (now at 5.25%) dropped its $5,000 min balance req a while back although it retains the opener http://www.presidentialbank.com/. Their online checking account on the same page could go down here as an honorable mention as its 4.50% is higher than ING's. And according to their banner they're the the one's who started it all

I'll also bang on my drum to let any interested party know that I have some of those Amboy Premium referals to hand out.

[sweeps]

Re: Summary post of online MMA rates

And according to [Presidential Bank's] banner they're the the one's who started it all

And you can tell they haven't updated their web site since.

[poundwise]

Re: Summary post of online MMA rates


LOL

That's some old school HTML all right.


wyett, I'll add Presidential to the list.