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Online Savings Accounts & Current Rates

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  • Umbrella bank just lowered it's rate, down to 3.9%

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    • I'm sure that we will get another cut later this month, so get ready for the banks to lowere again.

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      • Originally posted by Aleta View Post
        I'm sure that we will get another cut later this month, so get ready for the banks to lowere again.
        The Fed needs to wake up and stop cutting these rates.

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        • I so totally agree with you. They need to put the breaks on this stuff. Eventually, the mattress might be safer than the banks with all of the talks about possible future bank failures. Who is going to want to invest in banks and then hope your bank is OK and you'll be able to get your money out in a timely fashion.

          I think that when they lower the rates like this, that the interest should not be taxed. What do you think.

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          • Updates this week --

            Umbrella Bank down from 4.02% to 3.90%
            AmTrust down from 3.80% to 3.75%
            Amboy down from 3.75% to 3.65%
            Ultima Bank down from 3.60% to 3.50%
            GMAC down 3.50% to 3.00%

            See page one for current listing.

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            • Originally posted by poundwise View Post
              GMAC down 3.50% to 3.00%
              DAMN!

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              • Skooby, GMAC is toast... time to move to another bank.

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                • Originally posted by sweeps View Post
                  Skooby, GMAC is toast... time to move to another bank.
                  Yeah, I'm gonna do that, I still gotta keep $500 though, so I don't get charged no fees.

                  I'll just transfer it to my fnbo account...or maybe there is one out there better than fnbo with a signup bonus. I'll check...

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                  • I have another free $25 application to ING if anyone wants it!

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                    • Originally posted by Ima saver View Post
                      I have another free $25 application to ING if anyone wants it!
                      Hmmm, They are only at 3.4% I was thinking about something higher...but they do have a signup bonus.
                      Last edited by Skooby; 03-06-2008, 08:51 AM.

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                      • EmigrantDirect is down to 3.30% as of today. It was 3.60%.

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                        • E*Trade dropped from 4.10 APY to 3.45 APY.

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                          • One United is now down to 4.00% APY.

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                            • Make room under your mattress, folks...

                              We may see a 100 basis point rate cut from the Fed this month.

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                              • Wow! That's not good news. I think they need to rethink a new Fed Chief before he scares the population into a frenzy.

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