Comments on: Don’t Rate Chase High Yield Savings Accounts

By: saladdin

saladdin — Thu, 13 Mar 2008 18:41:00 +0000

Follow the money limit restrictions and FDIC will cover you.

I love how 3% is called “less than stellar rates” when my first savings account was 0.5%.

saladdin

By: Regor

Regor — Thu, 13 Mar 2008 16:29:40 +0000

I love these savings accounts, I started with ING then switched to Emigrant. Does anyone predict problems with the safety of high yield savings accounts (other than less than stellar rates)…

Does FDIC = bulletproof?

By: Bob

Bob — Sat, 08 Mar 2008 02:40:08 +0000

5.05 – 3.45 = 1.6

By: z3trkrnr

z3trkrnr — Sat, 02 Feb 2008 06:00:27 +0000

The best is to find a High Yield savings account and just park your money.
I love my ING Direct account. It doesn’t have the highest APY but you won’t get better customer service anywhere else. Also, their online interface is just easy and awesome.
I also do still have many referral links left if anyone would like to contact me to receive a link (either for an orange savings account or the electric orange checking/savings account) to sign up for an account. You receive $25 for signing up with a min. of $250 or more. A nice little bonus for nothing! Just shoot me an e-mail @ z3trkrnr@gmail.com and I’ll send the link right back to you!

By: saladdin

saladdin — Thu, 24 Jan 2008 15:57:15 +0000

Try this out Jim, as a rate chase calculator. saladdin link

By: jim

jim — Thu, 24 Jan 2008 05:06:13 +0000

Geeze that was bad, please pretend that never happened.

By: Frank

Frank — Thu, 24 Jan 2008 03:10:30 +0000

5.05 – 4.40 = .65

By: King of Debt

King of Debt — Thu, 24 Jan 2008 03:00:06 +0000

You’re right, these rates are changing way too fast. It would be way too complicated to try and chase the rates.

By: Tim

Tim — Thu, 24 Jan 2008 01:59:41 +0000

yeah, with the way things are, rates are changing too quickly.

By: Job Saver

Job Saver — Thu, 24 Jan 2008 00:30:57 +0000

Good work. I think as the job market begins to squeeze, people will need to save money and this kind of advice is invaluable. Cheers

By: AJ

AJ — Wed, 23 Jan 2008 23:24:54 +0000

One of the reasons I’ve stayed with ING over the years is they have no fees and no minimums. May not have the highest of high rates but their customer service is excellent.

My Current APY @ING: 3.65%

By: Lily

Lily — Wed, 23 Jan 2008 21:09:09 +0000

Great advice!

People should also be careful if they open any accounts with a minimum daily average balance requirement. They may have to pay extra fees if they move all their money out to chase a better rate.

By: SingleGuyMoney

SingleGuyMoney — Wed, 23 Jan 2008 20:37:48 +0000

Right now, seems like the best way to get a great rate of return on your cash is to pay off high interest debt!

By: RacerX

RacerX — Wed, 23 Jan 2008 19:23:39 +0000

Great post.

Rates aren’t going up for awhile. I bet we even have another cut this month at the 29th meeting.