Comments on: Clear Sky Online Savings Account 3.75% APY

By: .1uscs

.1uscs — Sun, 01 Mar 2009 06:30:11 +0000

The Clear Sky rate just changed March 1st to 2.85 percent from 3.05. Still ahead of DollarSavingsDirect’s 2.65. But for how long? This is worse than Las Vegas.

By: 1uscs

1uscs — Sat, 14 Feb 2009 20:37:35 +0000

Clear Sky emailed me Feb. 13th and advised that due to overwhelming response to their 3.75 online savings account, that they are no longer able to accept any new accounts and that those with accounts already open would not be able to add to those accounts. But those who opened with the 3.75 percent rate would keep it until end of March.

By: 1uscs

1uscs — Wed, 11 Feb 2009 09:53:40 +0000

I see Clear Sky Online is now at 3.05 which is down from 3.15 a week and a half ago. I got locked in at 3.75 till end of March, but will not move bulk of $ from Dollar Direct which is at 3.20. The higher rate from Clear Sky till end of March is probably not worth it to offset the lost Dollar Direct interest for the time it takes to go from Dollar Direct to my bank and then to Clear Sky.

By: Jeff

Jeff — Fri, 30 Jan 2009 21:14:06 +0000

I just got off the phone with a helpful Clear Sky representative. From our conversation, my understanding is that for those who open a Clear Sky account today (Friday) — and *perhaps* through tomorrow (Saturday) or Sunday (February 1st) — the Bank will stand by its currently posted rate (3.75% APY) for the currently posted duration (through March 20, 2009). For those who open their account later, the rate will be 3.15%.

Put otherwise, there is a premium (.60%) on acting promptly. Tempus fugit, people.

Jeff

By: 1uscs

1uscs — Fri, 30 Jan 2009 16:47:34 +0000

For those sitting on the fence whether to open up a Clear Sky 3.75 account, I just did it today, Friday the 30th, however, I was advised the rate will drop to 3.15 percent on Monday, Feb. 2nd. So you have until midnight Sunday, Feb. 1st, to open up online and lock in the 3.75 until end of March. Question is, will the 3.75 drop to 3.15 at that time. Decisions, decisons. I will probably keep bulk of my online money in the 3.50 DollarSavingsDirect I just opened and put other money from Capital One/Costco account which has dropped to, I think 2.6, in this new Clear Sky account to see what happens end of March.

By: Alan Z

Alan Z — Wed, 28 Jan 2009 20:07:42 +0000

what’s to say that their APY doesn’t drop like a rock comes march? all they give you is a variable and a 2 month guarantee on that 3.75% rate. Almost not even worth the trouble…

By: Jeremy

Jeremy — Wed, 28 Jan 2009 18:35:12 +0000

Hah, when I first read that graphic, I thought it said “Brought to you by Cheapskate Bank” not Chesapeake

By: Jim

Jim — Wed, 28 Jan 2009 18:14:24 +0000

Not regular checking accounts, there are a few reward checking accounts that have high rates.

By: Start-Up

Start-Up — Wed, 28 Jan 2009 18:11:38 +0000

I was going to open a DSD savings account even though they dropped the rate to 3.5% because it was still at the top of the list. Now I’ll be looking into Clear Sky Online for not only the savings account, but also the checking account. Are there other checking accounts with high interest rates?