Online Savings Accounts & Current Rates

[sweeps]

Re: Summary post of online MMA rates - Posted June 30

Rumors are that Emigrant will be going up to 5% starting tomorrow (7/4). Source: Bank Deals.

[BTC]

Re: Summary post of online MMA rates - Posted June 30

I wish more banks would let you use the phone or mail to open an account. I have no idea how to use a printer and mine has no paper or ink in it!

I know it's none of my business, but I'm curious how old you are. I'm going to be in Dalton, GA later this week. For a cold glass of lemonade, I would be happy to stop by and show you how to use your computer if you're anywhere in the vicinity. But, you'll have to buy the ink and paper. Unless you have a relatively new printer, you should probably expect a case of sticker shock when you purchase the ink. I hate to see anyone miss out on banking in the 21st century because they're afraid of their PC.

[Ima saver]

Re: Summary post of online MMA rates - Posted June 30

What a nice thing to do. My last job was in 1980 and we did not have a computer there. When I moved here, the only job I could get was a waitress job, so that is what I did for a living for a while. My husband has never used a computer either. He bought me one for christmas a year and a half ago and I know nothing about it. (I am over 60) But Dalton is too far away, I am up in the mountains in Blairsville, by the N.C. line. Thanks anyway!!

[poundwise]

Re: Summary post of online MMA rates - Posted June 30


I updated the yields today: Saturday, July 8, 2006

[Ima saver]

Re: Summary post of online MMA rates - Posted June 30

Thanks so much poundwise, it is really hard to keep track of!!

[Ima saver]

Re: Summary post of online MMA rates - Posted June 30

I am bringing this back to the top for Jamreed to look at. These banks are good places for an emergency fund.

[lrjohnson]

Re: Summary post of online MMA rates - Posted June 30

Poundwise: Very nice, thank you. Excellent list A nice addition would be to note if any of these offer sign up bonuses. (It's what happens when you do excellent work...people offer suggestions.....sorry!!)

[Ima saver]

Re: Summary post of online MMA rates - Posted June 30

Yes, thank you poundwise!!

[sweeps]

Re: Summary post of online MMA rates - Posted June 30

Couple updates:

- Apple Bank offering 5.15% APY. (Source: Bank Deals)

- Emigrant Direct is reportedly going up to 5.15% as of 7/28 (Source: Bank Deals)

[Ima saver]

Re: Summary post of online MMA rates - Posted June 30

Thanks, sweeps!!

[poundwise]

Re: Summary post of online MMA rates - Posted June 30

Couple updates:

- Apple Bank offering 5.15% APY. (Source: Bank Deals)

- Emigrant Direct is reportedly going up to 5.15% as of 7/28 (Source: Bank Deals)

Thanks Sweeps! I made the update to include Apple Bank and will watch for the Emigrant change in the near future.

[poundwise]

Re: Summary post of online MMA rates - Posted June 30


Wow. I was impressed with Apple Bank's 5.15 and then I saw that OneUnited has raised their rate to 5.25 APY!

Very cool.

I hope some of the others follow suit and cross over the 5% mark and upward!

[MarianneJ]

Re: Summary post of online MMA rates - Posted June 30

Please note that OneUnited only compounds and adds interest QUARTERLY, as opposed to AppleBank which compounds daily and adds interest monthly...so you will earn more interest at Apple's 5.15% than you will at OneUnited's 5.25%!

[sweeps]

Re: Summary post of online MMA rates - Posted June 30

The 5.15% and 5.25% figures are the annual percentage yield, correct? If so, then the effects of compounding have already been factored in (assuming you hold the investment for a year).

[MarianneJ]

Re: Summary post of online MMA rates - Posted June 30

Oh silly me! Of course, you are correct, Sweepsplayer!

Thanks for clearing that up!!!