Comments on: Best High Yield Savings Accounts Rates

By: TJ

TJ — Wed, 24 Jun 2009 16:02:45 +0000

Saw an article on Smartmoney on where to find the best rates on CD, Savings and Money market today.

http://www.smartmoney.com/spending/deals/where-to-find-the-best-savings-rates/

One Year CD’s
anmi Bank, Internet bank 2.53% $500
Affinity Bank Online 2.50% 500*
Ally Bank, Midvale, Utah 2.34% No minimum

Savings & Money Market
First Trade Union Bank 2.32% na $2,5000 minimum balance to earn APY
Doral Bank Direct 2.25% na $250 minimum balance to earn APY

By: jepoole17

jepoole17 — Thu, 11 Jun 2009 19:29:57 +0000

I personally am happy with ING but have considered a switch to one of the other services listed to get a better rate. Seems like the last 3+ years ING has steadily decreased their rate. Understanding that there are numerous factors that go into a change like this, it still seems that ING tends to come up short of the other options.

That said, I’ll probably stay put because I like the usability/friendly interface and I’m a pessimist who knows that the minute I move from ING they’ll bump the rate north of whichever option I leave for…

By: Cat

Cat — Mon, 01 Jun 2009 17:41:23 +0000

Does SmartyPig qualify for this list?

By: Jim

Jim — Thu, 28 May 2009 00:57:56 +0000

I think I may just have to!

By: Jason

Jason — Wed, 27 May 2009 21:55:49 +0000

Wow ally (former GMAC) is very impressive. NO penalty CD 2.55! High online yield 2.25 savings. No minimum (your chart lists 500, but there is none) Jim, you should def review ally!

By: Fatubus

Fatubus — Sun, 24 May 2009 18:39:59 +0000

Try a local bank. I get 2.25% for a 1 year CD which allows me 1 withdrawal a year and that withdrawal could be for the whole amount. The interest is calculated daily.

By: James Cessna

James Cessna — Tue, 07 Apr 2009 04:30:31 +0000

Difficult for many retired folks to make money with a decent monthly return from savings. But, inflation is around the corner.

By: Jim

Jim — Wed, 25 Mar 2009 14:04:55 +0000

All the banks dropped their rates, the Federal Reserve’s target interest rate is 0.25%.

By: Mikey

Mikey — Wed, 25 Mar 2009 13:56:24 +0000

I went with Dollar Savings Direct in late January when they were offering 4%. Now it is 2.05% in less than two months. That sounds like a bait&switch to me.

By: Jim

Jim — Sun, 08 Mar 2009 21:29:22 +0000

I did the same thing, I think the promo rate should still be good for three months though.

By: Bryan

Bryan — Sun, 08 Mar 2009 20:18:38 +0000

Have you seen the rates lately?

By: Bryan

Bryan — Sun, 08 Mar 2009 20:16:58 +0000

Are you kidding me? I just jumped through all the hoops and opened a Everbank MM account one week ago. The rates have now dropped! Intro Bonus 3.51% – 2.51% and non intro 2.73% – 2.16%. I have never been worked over like this before.

By: BrewCrewFan

BrewCrewFan — Wed, 04 Mar 2009 18:05:47 +0000

Effective March 3, the interest rate on ING Direct Savings is 1.65% APR

By: Jim

Jim — Wed, 25 Feb 2009 23:38:27 +0000

I don’t think GMAC did it intentionally, rates have always been falling.

By: dave

dave — Wed, 25 Feb 2009 23:32:05 +0000

GMAC did the old bait and switch with me. I understand that the rates are subjet to change but I was lured in with a promise of 3.25% percent. I never saw the 3.25% rate, as soon as I transfered my money in from my Capital One Money Market account(2.00%)they dropped the rate to 2.75%.
Better than what I was getting but if they drop the rates again it will have been a waste of time for me.