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Old 10-07-2017, 02:12 PM   #61
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So I just went online to my Barclays account and set up a transfer of a small amount to my checking account at another bank. Looks like it will happen within 24 hours.
Doubtful IMHO.
More likely they will initiate the transfer on Monday, the next business day.
Check in when the money actually hits your other bank account. Depending on the bank, it may not be immediately available there, but just tracking the time from when you make the transfer request to when it hits the other bank will give you a good feeling for how efficient it is.

When I make transfers to/from an online savings account, the actual total time involved is typically 5-6 business days. Occasionally less, but generally in that range.
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Old 10-07-2017, 02:16 PM   #62
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American Express FSB is the quickest in terms of doing the transfers compared to my other high yield savings accounts. Often it is shown as available the second business day after the scheduled transfer. Sometimes the third. This 2 or three days seems to depend on the receiving account.

Similarly received transfers are credited super quickly - usually by the second business day.
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Old 10-08-2017, 12:51 PM   #63
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I have noticed these days that almost all my ACH transfers the money is at the receiving bank the next day. According to my old notes, some of them used to take 3 days, but now it's 1 day.
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Old 10-08-2017, 01:36 PM   #64
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When I said second business day, I meant next business day.
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Old 10-16-2017, 12:28 PM   #65
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Barclays savings account changed their rate from 1.20% to 1.30%
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Old 10-16-2017, 02:44 PM   #66
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My Discover Bank account is now 1.25%
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Old 10-16-2017, 05:28 PM   #67
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My Discover Bank account is now 1.25%
Weird! I opened my account last week and it was 1.15% at that time. I logged on today and it was 1.20%. After seeing your post I checked and it was still 1.20%. Maybe there are higher rates for higher balances?
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Old 10-16-2017, 07:16 PM   #68
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To follow up on my earlier email about online transfers from my Barclays savings account, the transfer I initiated on Saturday, Oct 7 showed up in my checking account 2 business days later, Oct. 11. (Oct 9 was a holiday.)

As someone mentioned, Barclays just raised its rate to 1.30%.
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Old 10-16-2017, 09:44 PM   #69
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My Discover Bank account is now 1.25%
They are still quoting 1.20%
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Old 10-16-2017, 10:55 PM   #70
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Barclays Online Savings is paying 1.30% and has usually been a little higher than American Express. I've had money there for about 2 years with no complaints, but haven't seen it mentioned here. Comments?
You make a great post !!!
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Old 10-17-2017, 07:05 AM   #71
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Weird! I opened my account last week and it was 1.15% at that time. I logged on today and it was 1.20%. After seeing your post I checked and it was still 1.20%. Maybe there are higher rates for higher balances?
I opened my Discover account seven years ago as a member of AAII. That has always given me .05% above the published rate. AFAIK, AAII members can still open that type account.
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Old 10-17-2017, 07:39 AM   #72
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I opened my Discover account seven years ago as a member of AAII. That has always given me .05% above the published rate. AFAIK, AAII members can still open that type account.
Ahah! Essential detail!
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Old 10-17-2017, 07:47 AM   #73
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I opened my Discover account seven years ago as a member of AAII. That has always given me .05% above the published rate. AFAIK, AAII members can still open that type account.
Gotcha -- makes sense. Too late for me since my account is already open, but I can live with the 0.05% delta.
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Old 10-31-2017, 07:53 AM   #74
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OK - looks like Ally finally got up to 1.25% on their high yield savings account.

Must have just happened because my 10/15 statement still says 1.20%
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Old 10-31-2017, 07:58 AM   #75
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CIT Bank's Premiere High Yield Savings is paying 1.35%

https://www.bankoncit.com/
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Old 10-31-2017, 08:12 AM   #76
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Hmmm - maybe Synchrony will raise theirs to catch up.
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Old 11-03-2017, 05:21 AM   #77
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OK - looks like Ally finally got up to 1.25% on their high yield savings account.

Must have just happened because my 10/15 statement still says 1.20%
Yes, my email says it is effective 10/30.
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Old 11-03-2017, 07:41 AM   #78
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DollarSavingsDirect is now at 1.5% !
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Old 11-03-2017, 05:12 PM   #79
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CapitalOne at 1.30%. I'm regretting buying 9 and 12 month CDs at 1.25 and 1.3%. Won't make that mistake again.
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Old 11-03-2017, 05:20 PM   #80
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CapitalOne at 1.30%. I'm regretting buying 9 and 12 month CDs at 1.25 and 1.3%. Won't make that mistake again.
Yeah, that is why I liked the "No-Penalty" 11 month CDs from Ally. They are running at 1.5% now and you can drop it at any time after the first 6 days with no penalty. With all the movement lately in the savings rates I hope/expect the CD rates at these online institutions should be feeling some upward pressure now.
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