Online Savings Accounts & Current Rates

[Aleta]

Imigrant Direct down to 2.75%.

[sweeps]

Rate Cuts - ING Direct, WaMu, E*Trade, UFB Direct & Others

[scfr]

Wachovia down to 3.00%.
Rates are dropping like lead balloons.

[weissheit]

GMAC Bank actually raised their rates to 3.25% APY, but of course we all know about the issues surrounding their parent GM.

[kork13]

Rate Cuts - ING Direct, WaMu, E*Trade, UFB Direct & Others

about freaking time ING didn't cut it's savings rate after a federal rate cut....

[xplosionplaya15]

great information thanks

[saverbootay]

onbank.com is 3.15% now. citi is 2.5. OneUnited is 3.
Union is 3.6. Flagstar is 3.55. Nationwide is 2.97. Zions is 2.84.
Sheesh.

But, Savings Square says they're 3.6% now.

And, venturebankdirect's website has been down for the past few days.

[Aleta]

As of 12/23, new FNBO savings rate is 2.76 with an APY of 2.80

[poundwise]

LIST UPDATED TODAY

Big APY Losers --
OneUnited down from 3.75 to 3.00
Umbrella down from 3.40 to 2.75
Citi down from 3.15 to 2.50
E-LOAN down from 2.76 to 2.06
Univest down from 2.75 to 2.00

Big APY Gainers --
SavingsSquare up from 3.05 to 3.60
GMAC Bank up from 3.00 to 3.75

Other moves downward --
VentureBank down from 3.80 to 3.50
Union FSB down from 3.75 to 3.60
Flagstar down from 3.65 to 3.55
OnBank down from 3.60 to 3.15
Nationwide down from 3.52 to 2.97
Bank of Internet down from 3.46 to 3.26
Zions down from 3.41 to 2.84
ETRADE down from 3.30 to 3.01
iGOBanking down from 3.28 to 3.08
FNBO down from 3.25 to 2.80
HSBC down from 3.25 to 3.00
M&T Bank down from 3.25 to 3.00
Emigrant Direct down from 3.00 to 2.75
Capital One down from 3.00 to 2.75
AARP down from 3.00 to 2.50

Other moves upward --
Everbank up from 3.41 to 3.42
Apple Grand Yield Direct up from 2.75 to 3.00

SEE LIST ON PAGE ONE FOR FULL LISTING

MERRY CHRISTMAS TO ALL MY FELLOW SAVINGADVICE MEMBERS!

[Aleta]

Merry Christmas to you Poundwise and thank you for all of your dedicated work to this column.

[nmboone]

It really sucks my EF bank Emigrant Direct just went down in interest. I know I'll open up an ING for the $25 they're offering to open one, but they're the same interest rate of 2.75. I can't believe when I first opened an ED account that it was at 5.15%. I hoped it would only go up from there. It's really depressing.

[weissheit]

It really sucks my EF bank Emigrant Direct just went down in interest. I know I'll open up an ING for the $25 they're offering to open one, but they're the same interest rate of 2.75. I can't believe when I first opened an ED account that it was at 5.15%. I hoped it would only go up from there. It's really depressing.

If you've got the 1k USD to meet minimum then go with Dollar Savings Bank, its the same bank, just a different division and they are holding as the market leader at 4% APY.

[Aleta]

Ing 2.50%

[noppenbd]

Provident-direct 3.25%

[kork13]

Ing 2.50%

That's it, ING is officially on my "HATE" list.

I'll still keep some money there, but instead of it holding my entire EF, it's only gonna be the liquid portion (~15% of the total), keeping it in the EF. As they run up, I think my CD's are likely gonna be moving to my regular bank (USAA), which still have somewhat decent rates, and has for a while. Not as high as ING was at the top, but far more steady.