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whats the best savings
Old 07-30-2005, 09:09 PM   #1
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whats the best savings

if i wanted to place money into an account to draw the most interest what would it be, and with who it would be with
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Re: whats the best savings
Old 07-30-2005, 09:41 PM   #2
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Re: whats the best savings

Try EmigrantDirect. They're currently paying 3.50% on savings account

http://www.emigrant-direct.com/
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Re: whats the best savings
Old 07-31-2005, 10:18 PM   #3
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Re: whats the best savings

Quote:
Originally Posted by MJ
Try EmigrantDirect. They're currently paying 3.50% on savings account

http://www.emigrant-direct.com/
Agree with Emigrant Direct but also consider US I bonds if you do not need the interest payments now and can lock up the funds for at least a year. (currently 4.8% and secure as secure can be)
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Re: whats the best savings
Old 07-31-2005, 11:25 PM   #4
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Re: whats the best savings

Agreed, Emigrant Direct is offering the highest yield right now for MM accounts. I normally look at bankrate.com for the best yield. Go to www.bankrate.com , then click on checking/savings, Then MMA/Savings accounts, then Search by 100 highest yield, or if you prefer by state. Then it shows a list of the top yield as well as minimum balance, etc.

Good luck!
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Re: whats the best savings
Old 07-31-2005, 11:31 PM   #5
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Re: whats the best savings

Quote:
Originally Posted by Olav23
I normally look at bankrate.com for the best yield.
Many times I found that my local banks offer better rates than what I find on bankrate.com.

When I am ready to buy a CD, I just research the rates of a dozen or so local banks and they usually have a special that beats the bankrate rates.
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Re: whats the best savings
Old 08-01-2005, 05:05 AM   #6
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Re: whats the best savings

Quote:
Originally Posted by retire@40
Many times I found that my local banks offer better rates than what I find on bankrate.com.

When I am ready to buy a CD, I just research the rates of a dozen or so local banks and they usually have a special that beats the bankrate rates.
This has been my experience as well. I check bankrate.com but have never
failed to meet or beat their "BEST" rates on CDs and MMs within
my
local area.

JG
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Re: whats the best savings
Old 08-01-2005, 09:49 AM   #7
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Re: whats the best savings

A question - it seems to me that 28-day t-bills are paying more than our local banks, and for smalller increments.

If this is true, why choose a CD?

Or do I just have bad rates at my local banks?
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Re: whats the best savings
Old 08-01-2005, 10:14 AM   #8
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Re: whats the best savings

Quote:
Originally Posted by Sheryl
A question -* *it seems to me that 28-day t-bills are paying more than our local banks, and for smalller increments.*

If this is true, why choose a CD?

Or do I just have bad rates at my local banks?
Bad banks.

Perhaps credit unions in your area will offer a better deal, or any of the popular online accounts mentioned here. Your local CUs want your money-- Oahu alone has 97 different CUs and I'm eligible for membership in at least a dozen of them just by being a state resident. Even the ones catering to the military will frequently welcome you if you have a military relative or make a donation to a military charity. The rules are on their membership pages.

Then there's Pentagon FCU, Corus, & ING. Search for those terms among the old threads (or check their membership requirements) and choose one that makes you comfortable.
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Re: whats the best savings
Old 08-01-2005, 11:01 AM   #9
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Re: whats the best savings

Are there any other catches to those US gov't Series I-bonds? I looked into them, and other than having to lock it up for a year, and having to pay a 3-month penalty if you redeem it within 5 years, it seems like a good deal. I currently have some money at Emigrant, but thought about putting some into some I-bonds. Only down-side is that I like being able to have easy access to the Emigrant account, even if I never touch it. And so far, I've been a good boy...haven't touched it yet, except to add more money!
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Re: whats the best savings
Old 08-01-2005, 11:05 AM   #10
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Re: whats the best savings

Quote:
Originally Posted by Andre1969
Are there any other catches to those US gov't Series I-bonds?* I looked into them, and other than having to lock it up for a year, and having to pay a 3-month penalty if you redeem it within 5 years, it seems like a good deal.* I currently have some money at Emigrant, but thought about putting some into some I-bonds.* Only down-side is that I like being able to have easy access to the Emigrant account, even if I never touch it.* And so far, I've been a good boy...haven't touched it yet, except to add more money!*
I bonds are good. CDs have been yielding more in our tax bracket but I wouldn't hesitate to jump on an I bond if the yield was right.
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Re: whats the best savings
Old 08-02-2005, 03:02 PM   #11
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Re: whats the best savings

Corus bank has their 12 month CD up to 4.31 effective 8/2/05.
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Re: whats the best savings
Old 08-05-2005, 12:42 PM   #12
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Re: whats the best savings

I found 4% on a m.m. from a credit union in Neenah, WI but its a 70k min (I think)..

-m
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Re: whats the best savings
Old 08-05-2005, 01:21 PM   #13
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Re: whats the best savings

I found 4% on a m.m. from a credit union in Neenah, WI but its a 70k min (I think)..

-m

It's $75,000 min. and you have to have an active checking account with them. (communityfirstcu.com)
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