Online Savings Accounts & Current Rates

[poundwise]

Updates --

Amboy Direct down from 4.55 to 4.00
UFB Direct down from 4.50 to 4.00
Emigrant Direct down from 4.30 to 4.05
Banco Fortuna down from 4.30 to 4.05
GMAC down from 4.25 to 4.00

It seems 4 is the new 5.



ShoreBank updated their site and splash page to reflect the new interest rate that was reported. Also, they no longer offer the $25 bonus for new accounts.

[savingtaker]

ShoreBank updated their site and splash page to reflect the new interest rate that was reported. Also, they no longer offer the $25 bonus for new accounts.

Wow, I'm glad I got in just in time.

[Aleta]

After I saw Emigrant's rates, This morning, I transferred everything except $1. My local bank's money market is 4.50 APR/4.60 APY until the middle of March. Who knows what it will be then. I'm going to add my Emigrant money to a CD that has an add on feature. With this climate, you have to make the most of your money. Don't close out your accounts because when the rates go back up, you can just transfer back into that account.

[savingtaker]

Savings Square is holding up well. Might be worth it to check them out.

[Blue Leader]

I use AmTrustDirect for their online savings account. My three month intro rate just expired (5.3%), however, the new rate that they give you after the intro (which they would not let you know in advance as to what it would be) is a decent 4.506%. Hooray for that extra .006!

[poundwise]

Updates --

Ultima Bank down from 4.00 to 3.90 APY
ELOAN down from 4.00 to 3.75 APY

[BTC]

I just logged into my ELOAN account to check the rate, but you were too quick.

[m3racer]

Poundwise....faster than a speeding bullet!!!

[BTC]

It appears that OneUnited has lowered their yield from 5.30% APY to 5.15% APY. That's not a very big drop.

[BTC]

I just got an email from HSBC Direct stating their yield is now 3.55%

[krayziebone33]

I just got an email from HSBC Direct stating their yield is now 3.55%

It appears that OneUnited has lowered their yield from 5.30% APY to 5.15% APY. That's not a very big drop.

Both are correct, BTC.

[MoneyenoM]

HSBC down to 3.55%

Here is the email sent to me

We are writing to inform you that based on the recent drop by the Federal Reserve, HSBC Direct has adjusted your Online Savings Account rate to 3.55% APY*. At 8x the national savings average**, you are still earning one of America’s highest savings rates.

HSBC Direct will continue to evaluate and respond to market changes so we can provide you with competitive rates. And if your rate changes, whether up or down, we are committed to always letting you know.

You can feel confident knowing your savings are with HSBC Direct. We’re part of HSBC Group, one of the largest financial institutions in the world, and have over 140 years of experience helping customers manage their savings.

We sincerely appreciate you saving with HSBC Direct.

[poundwise]

I just got an email from HSBC Direct stating their yield is now 3.55%

It appears that OneUnited has lowered their yield from 5.30% APY to 5.15% APY. That's not a very big drop.

Yes, thanks. And those are the only two updates for today, February 4th --

OneUnited down from 5.30 to 5.15
HSBC down from 3.80 to 3.55

[poundwise]

Zions Bank returns to the list with a 4.18% APY. Minimum balance to earn this rate is $1K. No fees. link

(Higher APY for balances of $50K+)

[Blue Leader]

I just received an email from AmTrust and they are offering a $50 bonus for enrolling in their smary save-up plan. Here's some of the email:

Save Smart and Earn a $50 Cash Bonus
As an AmtrustDirect.com customer, you know it’s smart to take advantage of our great rates and services. For a limited time, we are making a smart move even better by offering a $50 cash bonus just by using our Smart Save-Up plan1.

Start Saving Today
To begin, set up an automatic transfer of at least $100 per month for a minimum of 3 months, and we will credit your account $50. Our Smart Save-Up feature makes it easy to set-up ongoing deposits into your e-Money Market or e-Savings account at AmtrustDirect.com, and our limited time bonus makes it an even smarter way to enjoy one of the best rates in the country on all of your savings.


Hope this helps someone make $50 bucks.