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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)
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Join Date: Mar 2003
Posts: 13,842
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5.5% savings account
E-loan has started a new savings account paying 5.5%, $5k minimum.
__________________
"To be a man means that you are brave, loyal and true. When you are in the wrong, you own up and take your punishment. You don't take advantage of women. As a husband, you support and protect your wife and children. You are gracious in victory and a good sport in defeat. Your word is your bond. Your handshake is as good as your word... When the ship goes down, you put the women and children into the lifeboats and wave good-bye with a smile." C Murray
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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: 12,332
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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: 13,196
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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: 2,668
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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: 7,801
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Re: 5.5% savings account
Because the yield curve is close to flat today?
__________________
"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: 13,842
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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.
__________________
"To be a man means that you are brave, loyal and true. When you are in the wrong, you own up and take your punishment. You don't take advantage of women. As a husband, you support and protect your wife and children. You are gracious in victory and a good sport in defeat. Your word is your bond. Your handshake is as good as your word... When the ship goes down, you put the women and children into the lifeboats and wave good-bye with a smile." C Murray
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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: 12,332
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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: 13,842
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Re: 5.5% savings account
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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%.
__________________
"To be a man means that you are brave, loyal and true. When you are in the wrong, you own up and take your punishment. You don't take advantage of women. As a husband, you support and protect your wife and children. You are gracious in victory and a good sport in defeat. Your word is your bond. Your handshake is as good as your word... When the ship goes down, you put the women and children into the lifeboats and wave good-bye with a smile." C Murray
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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: 12,332
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Re: 5.5% savings account
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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: 4,009
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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: Dublin, Ohio
Posts: 2,451
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Re: 5.5% savings account
7 of the last 3. Did I miss a few? 
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Proud Vietnam Veteran: Cu Chi 66, 1 Bde, 25ID & Pleiku 66-67 41st Sig Bn 1st STRATCOM - Army Retired Jun 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: 2,668
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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: 1,484
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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: 1,484
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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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