Online savings rates drop....what to do?
well, I've got a substantial amount of $$ on hand in an online savings thru Amtrust. It yielded about 5.4 APR for the last 9 months or so Ive had it. allthewhile, my ING acct sat idle as their rate had been in the 4's.
Amtrust just dropped to 4.7 or so (based on my calculations...i didnt actually see it advertised on their site...ill have to look @ my statement).
Who's offering 5+% rates, even if introductory for 6 months+? I usually goto Bankrate, but am wondering if anyone uses other sites?
I wish I'd pulled the trigger on the PenFed 6% Cd...I should've done it with at least half.