Online Savings Accounts & Current Rates

[poundwise]

It looks like only a matter of time before OneUnited comes down.

OneUnited has been solid. They have held one of the top two or three slots for well over a year now, I believe. They have been at 5.30% while other offerings have gone south.

You may be right -- it may, in fact, be time for a OneUnited dip -- however, they have shown over time that they are apparently serious about remaining one of the top offerings and being steady with their rate. Since some banks seem to have their rate fluctuate with the wind, that second point is as notable as the first IMO.

[poundwise]

Perhaps ING will go below 4%?

It wouldn't be shocking. ING has proven that they are not interested in offering a top rate. They are content to be able to say that they offer more than your typical, local brick-n-mortar institution. With rates falling, I too wonder if we'll soon see ING offering sub-4%.

[savingtaker]

looks like they hit 4.1. maybe they read this board.

[BTC]

ING is quite the nimble, streamlined organization. Their rate cuts take just a few minutes, as opposed to days, or weeks, for their competitors. I have no idea what the rate was on their checking account yesterday, but it probably went down also. The yield today is 3.15 on balances up to 50K. Repeat after me, Electric Orange, Electric Orange, Electric Orange.

[sweeps]

Their rate cuts are quick... their rate increases are not.

[BTC]

I don't think they've implemented the rate increase logic in their system. Still working out the kinks, and such.

[Broken Arrow]

ING is quite the nimble, streamlined organization. Their rate cuts take just a few minutes, as opposed to days, or weeks, for their competitors. I have no idea what the rate was on their checking account yesterday, but it probably went down also. The yield today is 3.15 on balances up to 50K. Repeat after me, Electric Orange, Electric Orange, Electric Orange.

Do you own ING stocks?

I don't dislike ING or anything, but I find the fanatical loyalty towards them a bit perplexing.

[sweeps]

BA, I think BTC was deadpanning. I took the comment as negative towards ING.

[BTC]

I'm glad someone was able to pick up on that.

[Aleta]

Reminds me of the the brick and mortar banks. Even after everyone else is raising their interest rates on savings vehicles, the banks take their sweet old time about implementing the newer rates.

Somehow, those 5% CD rates don't look so bad now to most people who were complaining about them. 5% isn't bad, but anything below that isn't a great rate.

[Broken Arrow]

BA, I think BTC was deadpanning. I took the comment as negative towards ING.

Oh, hehehe. Didn't realize that. My bad.

[m3racer]

Savings Square down to 5.0% apy

[Ima saver]

Without having to read all 24 pages, could some one give me their advice on the internet banks paying 5%?? Which one is the easiest to use? I am not at all good at computers! Which banks are you happy with??

[Pitman]

INGDirect Savings Account is not at 4.10% APY.

[sweeps]

INGDirect Savings Account is not at 4.10% APY.

Yes it is.