Online Savings Accounts & Current Rates

[weissheit]

Century Direct rate drops:
Checking is now 2.34 % APY
Savings is now 2.74 % APY
MMF is now 2.59 % APY

[Aleta]

ING down to 1.85% APY

[BTC]

What should we do with our money when the rates go negative?

[ea1776]

What should we do with our money when the rates go negative?

[Pitman]

What should we do with our money when the rates go negative?

Don't panic, the rates will go back up. When will the rates go up, on the other hand, is another subject.

[Aleta]

Emigrant Direct rates down to 2.05% APY

[cooliemae]

ING Direct rates down to 1.85%

CD Rates dropped as well

[sweeps]

ING Direct rates down to 1.85%

Ouch. PW may boot ING off the list.

[poundwise]

Ouch. PW may boot ING off the list.

I probably should have, but I didn't. Considering the current rates and current direction of movement, I've moved the floor down to 1.75% APY.

Just in case anyone wonders, yes, I checked those accounts that have been dropped off the list in the last few months; none of them are eligible for a return to the list, even with that lowered threshold.

So, for now, ING stands alone in last place. It was only a matter of time.

[poundwise]

Update: Thursday, February 19th

APY moves downward
CNB down from 3.20 to 3.00 (.20)
Union FSB down from 3.05 to 2.80 (.25)
Century HYS down from 3.04 to 2.74 (.30)
Flagstar down from 3.00 to 2.75 (.25)
Bank of Internet HYS down from 3.00 to 2.80 (.20)
Century MM down from 2.82 to 2.59 (.23)
iGOBanking down from 2.81 to 2.50 (.31)
HSBC down from 2.45 to 2.25 (.20)
Emigrant down from 2.40 to 2.05 (.35)
ING Direct down from 2.20 to 1.85 (.35)


Note:
ClearSky Savings is not currently available so it has been removed from the list

[kork13]

how depressing.... ::sigh:: I really do like ING--something about their site's design/features/simplicity appeal to me. But given that they tend to lead the way in dropping rates (and there are so many other options), I'm becoming more and more tempted to go elsewhere......

[weissheit]

I use my ING Direct account purely as a pass thru account to fund stock purchases for my sharebuilder account. ING acquired sharebuilder a few years ago. But for that I would not even bother with ING. They were a pioneer in online banking but have since capitulated leadership in the market that ironically they more or less created. Very disappointing, but at least they opened the door to a new way to save that give you an APY that is much better than the brick-n-mortar banks.

[BTC]

ING Direct has recently started providing email notification of any debit transactions against my Electric Orange checking account. I think that's a cool feature. They might do the same for their savings account, but I haven't used that account in years.

[weissheit]

Internet threat: Hackers swarm bank accounts - USATODAY.com

FYI, a new evolving virus threat to online banking.

[grand_canyon]

Dollar Savings Direct down from 3.0 to 2.65 (.35)