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09-26-2006, 01:53 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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5.5% savings account
E-loan has started a new savings account paying 5.5%, $5k minimum.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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09-26-2006, 01:54 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: 5.5% savings account
 Quote:
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Originally Posted by brewer12345
E-loan has started a new savings account paying 5.5%, $5k minimum.
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Not bad........... 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-26-2006, 02:08 PM
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#3
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Re: 5.5% savings account
I see that the WSJ also said that it will also launch CDs with rates between 5.6% and 5.75%.
WSJ also named some other online financial institutions with rates over 5% including:
Amboy Direct, 5.25% savings, 5.26% money market
EverBank, three month promotional rate of 6.01% on money market
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No more lawyer stuff, no more political stuff, so no more CYA
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09-27-2006, 08:48 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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Re: 5.5% savings account
With 5.5% savings account rates, I wonder why we are not seeing 7% and higher long-term CD rates and 8% to 9% mortgage rates.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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09-27-2006, 09:24 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,186
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Re: 5.5% savings account
Because the yield curve is close to flat today?
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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09-27-2006, 10:11 AM
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#6
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Dryer sheet aficionado
Join Date: Oct 2004
Posts: 26
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Re: 5.5% savings account
I guess the catch with eloan is that it's not FDIC insured, is that right?
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09-27-2006, 10:15 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: 5.5% savings account
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Originally Posted by timo
I guess the catch with eloan is that it's not FDIC insured, is that right?
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Incorrect. Deposits are through Banco Popular, which is FDIC insured and IMO a reasonably solidly run bank. Both are owned by Popular Inc. (BPOP), of which I am a sharehlder as well.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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09-27-2006, 10:17 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: 5.5% savings account
If the yield curve goes inverted, it will be an interesting time yet again........... 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-27-2006, 10:18 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: 5.5% savings account
Quote:
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Originally Posted by FinanceDude
If the yield curve goes inverted, it will be an interesting time yet again........... |
Umm, the yield curve IS inverted. Fed funds is 5.25%, 2 year treasury is 4.68%, 10 year is 4.59%.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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09-27-2006, 01:31 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: 5.5% savings account
Quote:
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Originally Posted by brewer12345
Umm, the yield curve IS inverted.* Fed funds is 5.25%, 2 year treasury is 4.68%, 10 year is 4.59%.
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Nice..............that worked out well the last time it went that way............
I guess our boy Bernanke's going to have an interesting first 12 months in the chair.............. 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-27-2006, 01:44 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: 5.5% savings account
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Originally Posted by FinanceDude
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Actually the markets are up ~7-8% since the last yield inversion.
Yield inversions have accurately predicted 7 of the last 3 recessions. : 
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09-27-2006, 01:52 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Re: 5.5% savings account
7 of the last 3. Did I miss a few? 
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Vietnam Veteran, CW4 USA, Retired 1979
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09-27-2006, 02:49 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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Re: 5.5% savings account
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Originally Posted by justin
Yield inversions have accurately predicted 7 of the last 3 recessions.* *: |
But only 5 out of every 4 economists would agree with you.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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01-17-2007, 07:03 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Re: 5.5% savings account
looks like some of the online savings accounts are lowering rates...
Eloan has a listed Rate of 5.12% but my account still says 5.24% when I login....
__________________
- Hurry! to the cliffs of insanity!
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01-17-2007, 08:53 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: 5.5% savings account
guess they reached their deposit target ... still, that's 5.25% APY... AmTrust is still at 5.3% APY and Vanguard MMP is at 5.23% APY
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01-17-2007, 11:31 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Re: 5.5% savings account
Yep, it is APY 5.38% and rate of 5.24% for my existing account...I hope they keep it at this rate for existing accounts for awhile...finally got 70k stuffed into it 
__________________
- Hurry! to the cliffs of insanity!
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01-17-2007, 12:36 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: 5.5% savings account
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it is APY 5.38% and rate of 5.24% for my existing account
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give'm time to update!
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01-17-2007, 06:49 PM
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#18
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Dryer sheet aficionado
Join Date: Aug 2006
Posts: 39
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Re: 5.5% savings account
Zions Bank Internet Money Market Account (FDIC insured) currently pays 5.3% APY for $1K minimum.
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