61 replies to this topic

[scottjm]

WFB bumps up to 3.68/3.75. Not a lot, but more pressure on ING?

[doglar]

WFB bumps up to 3.68/3.75. Not a lot,  but more pressure on ING?

I don't believe this puts any added pressure on ING. WFB was already higher than ING at 3.55%. WFB has been higher than ING for at least the year 2005. I think the only pressure ING feels is from Banks higher than itself:
Washington Mutual Bank
World Savings Bank, FSB
Citibank (West), FSB
Sovereign Bank

and ING easily beats their rate (2.25 - 2.5%) with the 3.4%.

[scottjm]

ING bumps up to 3.5%, Not much but enough to keep me there awhile longer. Is still a better rate than what I can get from most local banks, Including large banks like BOA or Citizens. Am looking at opening an interesting new account with Salem Five bank. It's called the Platinum Cash account. Rate is tied to the 1-month Libor rate that is posted on the first of every month in the Wall street Journal. Has unlimited check writing and withdrawals, Free worldwide ATM and bunch of other perks. Does have a $200,000 Min but it is currently paying 4.17% and Libor rate moves pretty much with our FED rate so could simplify the process of chasing rates. And since they have DIF you are covered for any amount

[mje]

ING just went to 3.5%

[mje]

The CapitalOne MM rate for Costco members has increased to 3.95%

http://www.capitalon...s/offers/costco

Mark

[scottjm]

Found this nice deal at a local Cooperative Bank.
They are offering a Passbook saving account at 4.07% with 25K Min. Rate guaranteed till 05/01/2006. Might only be good as a local deal, Located just North of Boston, as I don't know if you must go in for a Passbook account. Also offering a 8 month CD at 4.5%. Another plus is they have SIF which covers any amount over FDIC, Might now be time to take some $$ out of ING to open with them
http://www.equitable...com/intsav2.htm

[Jay Shaw]

I checked the rates for my HSBC online savings account today, and it looks like they bumped the rate up from 3.75% to 4.0%. Looks like HSBC is starting to give EmigrantDirect a run for its money (won't matter for me until my 4.5% introductory APY with Everbank runs out in January anyway, though).


--Jay

[scottjm]

WFB bumps again to 4%. Making ING's .10% bump up look pretty sad

[mje]

The CapitalOne MM rate for Costco members has increased to 3.95%

http://www.capitalon...s/offers/costco

Mark

New CapitalOne MM rate for Costco members is 4.02%

Mark

[scottjm]

WFB moves up to 4.25%

[markber]

Thanks scottjm, mje and Jay Shaw! I have updated the rates.

Mark

[Jay Shaw]

The HSBC Online Savings Account seems to be up to 4.25% now.


--Jay

[MacBanker]

Found this nice deal at a local Cooperative Bank.
They are offering a Passbook saving account at 4.07% with 25K Min. Rate guaranteed till 05/01/2006. Might only be good as a local deal, Located just North of Boston, as I don't know if you must go in for a Passbook account. Also offering a 8 month CD at 4.5%. Another plus is they have SIF which covers any amount over FDIC, Might now be time to take some $$ out of ING to open with them
http://www.equitable...com/intsav2.htm

Hi scottjm.

I also opened Everbank FreeNet Checking few weeks ago.
Many products that noone arround has (Currency CD's Gold and S&P CD's) but aI noticed several saviungs issues.

1. Incoming transfers triggered by Everbank take 4 days. example transfer was issued on Monday, funds dissapeared on the other account on Tuesday and appeared on Everbank Account on Friday.
2. They have strange way of calculating the Average Balance. The account was funded by check on 11/28 with 5K and on the statement says I have 3 interest bearing days but the Average balance for those 3 days is only $1,666.00. The counted 0 for 28th and 29th and full ammount of 5 K only for 30th ?!?

Have you noticedsimilar issues on your side. Have you tried ach initiated from external account ? How fast is it ?

Thanks

[jrr7]

www.amboydirect.com

4.00% regular APY for $30,000-$250,000 balances

But they have a special on for a 5% rate for 3 months for balances $30,000-$100,000

[mje]

The CapitalOne MM rate for Costco members has increased to 3.95%

http://www.capitalon...s/offers/costco

Mark

CapitalOne MM rate for Costco members is at 4.26%

ING just recently went to 3.8%

Mark