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Online Savings Accounts & Current Rates

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  • #31
    Re: Summary post of online MMA rates - Posted June 30

    just a comment: one united bank is a bank for the african american community, can others bank there as well?

    also, anyone concerned about ED's rating drop?

    also, GMAC is now 5.05

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    • #32
      Re: Summary post of online MMA rates - Posted June 30

      sorry for duplicate info...

      also of note: citi bank apparently has limits on how much you can withdraw per day and per month... also they charge a fee for withdrawal to your linked/external account, right?

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      • #33
        Re: Summary post of online MMA rates - Posted June 30

        Originally posted by fratkid21
        anyone concerned about ED's rating drop?
        I wouldn't be. If the bank really does fall apart, then you can simply transfer your money elsewhere. But I think it's a good reason to have your money in at least 2 different banks.

        In fact I'm looking at Emigrant myself because of the whole 1.4% cash back credit card deal. I'd use my 5% cash back where possible, and use the Emigrant card for everything else.

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        • #34
          Re: Summary post of online MMA rates - Posted June 30

          Originally posted by lrjohnson
          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!!)
          Good suggestion, however, that could be hard to track. That is, many of the institutions that do offer some kind of sign-up bonus, do not do so from their site directly, but through referral links, etc.

          Bankdeals link may be the best place to keep up with current trends and offers in this area.

          I'll stick with maintaining a list of banks and yields.

          Comment


          • #35
            Re: Summary post of online MMA rates - Posted June 30

            Originally posted by fratkid21
            sorry for duplicate info...

            also of note: citi bank apparently has limits on how much you can withdraw per day and per month... also they charge a fee for withdrawal to your linked/external account, right?
            I'm not sure about those specifics, but I did want to comment that the Citibank account seems to be the 'most messy' of all of the accounts/services.

            They have tons of fine print besides that fact that you have to open a checking account too (unless you already have a Citi checking.) With so many other options, I personally don't see why anyone would go through the extra hassle of dealing with Citi.

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            • #36
              Re: Summary post of online MMA rates - Posted June 30

              Originally posted by Sweepsplayer
              Emigrant Direct is reportedly going up to 5.15% as of 7/28 (Source: Bank Deals)
              Is that source pretty reliable? I wonder if the increase will coincide with the launch of their new website.

              Comment


              • #37
                Re: Summary post of online MMA rates - Posted June 30

                Yes, I consider Bank Deals a reliable source for this kind of info. But note he was only reporting what another site was reporting (based on a letter that person received from ED), so we're dealing with 3rd-hand information here.

                This may become a new tactic for the online banks -- advertising a rate hike to be effective sometime in the future, so people don't jump ship as much.

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                • #38
                  Re: Summary post of online MMA rates - Posted June 30

                  Originally posted by poundwise
                  I'm not sure about those specifics, but I did want to comment that the Citibank account seems to be the 'most messy' of all of the accounts/services.

                  They have tons of fine print besides that fact that you have to open a checking account too (unless you already have a Citi checking.) With so many other options, I personally don't see why anyone would go through the extra hassle of dealing with Citi.

                  This may be true, so if you don't have a checking account or another affiliation with Citi, the other banks might be your best bet.

                  I have banked with Citibank for years. Citibank e-account launched only recently and the rate hike is recent. When I signed up two weeks ago because I already had a checking account it took five minutes including funding the account.

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                  • #39
                    Re: Summary post of online MMA rates - Posted June 30

                    Originally posted by BTC
                    Is that source pretty reliable? I wonder if the increase will coincide with the launch of their new website.


                    i got the mailer from ED today that the rate will be 5.15 as of 7/28.

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                    • #40
                      Re: Summary post of online MMA rates - Posted June 30

                      Could this thread be made sticky so that it remains at the top of this section, if would be helpful it is a one-stop place to go to find all the savings rates in one place

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                      • #41
                        Re: Summary post of online MMA rates - Posted June 30

                        Originally posted by fratkid21
                        just a comment: one united bank is a bank for the african american community, can others bank there as well?
                        Here is the response I received via e-mail to just such a question:

                        "Thank you for your recent email inquiry. Our products and services are available to anyone that is interested in opening an account with us. We welcome your business!"


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                        • #42
                          Re: Summary post of online MMA rates


                          I updated the rates today (Capital One up to 5.00%) and received the response (in above post) from OneUnited, in case anyone else was curious.

                          Here's a quick link to the first post with the rates... link

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                          • #43
                            Re: Summary post of online MMA rates

                            I am bumping this to the top, so teeninvestor can see some places he might put his money.

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                            • #44
                              Re: Summary post of online MMA rates

                              Teeninvestor, did you look at these rates for some of your savings vehicles?

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                              • #45
                                Re: Summary post of online MMA rates

                                To the top again!!

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