Useful Links

Goonie · 09-25-2007, 02:18 PM

Quote:

Originally Posted by Fireup2025

Also chase the savings acct's that offer $100 after a year. Currently doing the Ameritrade MM acct that Suze O (bleah!) marketed - that I heard about on this site

Quote:

Originally Posted by Sue J

I'm also doing the TD Ameritrade promo offered by Suze Orman. And I got my son to sign up for that one too. Suze's Save Yourself Plan

I think that is about the easiest $100 I'll ever make....plus the account is paying 4.59%. I finally opened my account about 2 weeks ago with $50, and auto-deposit $50 a month for 12 months.

I'd forgotten about it until one day I was browsing in a local bookstore and saw Orman's book. Then it dawned on me...."Hey.....I need to look in the book for the promo code!" I looked, found it, wrote it down, and came home and opened the account. (BTW.....didn't buy the book, but I did read the page with the code #

)

baldeagle · 09-25-2007, 07:34 PM

Internet Money Market Account at Zionsbank.com.

5.3% APY. So far, hasn't changed with fed dropping their rate.

armor99 · 09-26-2007, 09:20 AM

I have been using HSBC for slightly under a year now. It was a bit of a pain to get it set up, but that is only because of their security. In the long run it is a good thing that they are that scure considering it is YOUR money.

HSBC has been at 5.05% for over a year now I think. When I looked into the online banking I really looked into the possible disadvantages. They have no "brick and mortor" locations, so that could be a problem. I have spoken with them on the phone before, and I have never had a problem with any transaction so far. The online bank is linked with a real "brick and mortor" bank of your choosing, and you electronically transfer funds back and forth (and with my bank there is no fee for this). The transaction can take up to 3 business days to arrive. However, is there really any emergency type situation you could be in where you would need a huge influx of cash that could not wait 3 business days? I could not think of one. I could have done CD's for a bit higher interest rate, but then my money is truly "locked up" for a year or more. And if I did need to access that money early I would have to pay a penalty. Any of the online banks are protected by FDIC just like a normal bank account would be as well. I just could not find any disadvantage that was large enought to say I should not do it. If your money is just sitting around at the moment anyway would you rather .2% interest in a regular bank or 5.05% in an online bank? Seemed like a no-brainer to me.

maddythebeagle · 09-26-2007, 11:07 AM

HSBC and GMAC have dropped their rate....(no surprise)....looks like FNBO has theirs at 5.05% after the 6% promo is over...

Aaron · 09-26-2007, 01:42 PM

I've used Emigrant for about a year and have been very happy. I've transferred money in and out and didn't notice any major delays. I also have a portion of the paycheck direct deposited and that always appears immediately on the date I'm paid.

In-control · 09-26-2007, 02:02 PM

I use Bank of the Internet for checking - free checks(unlimited Qty.)/ATM/Debit card(re-imbursed bank use fees)/postage paid deposit evelopes. I keep a set amount in the account and top it up from my e-loan savings account, which gets funded annually. The checking account get's 3.49% and the savings account is 5%. Both banks have good CD rates so my 3-4 years of living expenses move smoothly and I am not moving $ chaising rates as much.

I like this because I have no limits on the checking account, # transactions/month, $limits etc. and both banks are very easy to work with. In addition the ATM card is a debit card so I can use it to track my expenses and budget.

KB · 09-26-2007, 04:16 PM

I use Emigrant Direct and have for a couple of years. As others, I switched from ING when their rates fell behind. I do have a MM at Vanguard too, but don't touch that money.

I keep the money for the current year in Emigrant Direct and transfer monthly to my credit union checking acct.

Buckeye · 09-26-2007, 11:29 PM

I have had an INGDirect savings account for three years (my mortgage is with them also) and an Emigrant Direct savings account for about a year. I have transferred virtually everything to Emigrant because ING is down to 4.3% while Emigrant has remained at 5.05% APY. I think ING dropped their rate before the Fed actually completed their statement about the rate cut. The reduction was definitely in place by the next morning.

OAG · 09-27-2007, 06:48 AM

Kind of off topic but CD rates at PENFED CU just changed today 9/27 and they are offering 6% APY for 3 to 7 year CD's (daily compounding).

ChemEng · 09-30-2007, 03:10 PM

I have used NetBank for a few years, but recently moved everything to eTrade. No complaints so far (plus good rate on savings account 5.05%APY).

cantlogin · 09-30-2007, 06:01 PM

Emigrant has worked very well for me. Quick transfers and no surprises.
Stay away from FNBO.

Eyerishgold · 10-01-2007, 09:18 AM

I hear NetBank is pretty good...........

Sue J · 10-01-2007, 11:55 AM

I was just about to move money from FNBO since the 6% rate ended on 9/28 and I noticed that Emigrant Direct has dropped from 5.05% to 4.75%. FNBO's new rate is 5.05%.

OAG · 10-01-2007, 01:09 PM

Eyerishgold: Your kidding right? NetBank is gone........ Go to the web site and you will find the successor institution ING.

bright eyed · 10-01-2007, 01:16 PM

my hsbc just lowered to 4.5 i think (or 4.75?)...

their account features are nice since i have their credit card too i can pay one with the other (convenient for all of us huh!)...and you can see both at once.

the transfers do take a few days, but i see that more as a safety mechanism...i have a bofa savings that i can tap immediately if needed.