Elliott Back's Blog - Latest Comments in Best High Interest Yield Online Savings Accounts

Re: Best High Interest Yield Online Savings Accounts

JosephSBK — Thu, 18 Sep 2008 12:35:06 -0000

ShoreBank, the bank that I represent, has a High Yield Online Savings Account that offers a competitive 3.50 APY with a $1 minimum balance. There's no need to open a checking account, there's 24 hour online accessibility, it allows you to link up to six of your accounts for electronic transfer, and is FDIC insured. For more information about this account please visit http://www.shorebankdirect.sbk.com.

Re: Best High Interest Yield Online Savings Accounts

Savings Toolbox — Wed, 13 Aug 2008 11:47:06 -0000

ING Direct does offer full outbound and inbound ACH Transfers... I transfer money from their website in and out all the time...

Re: Best High Interest Yield Online Savings Accounts

Tool — Sun, 10 Aug 2008 17:17:09 -0000

It's interesting that a lot of financial bloggers focus on the high-yield savings accounts and money market accounts, but very few discuss other options such as short-term bonds and cash-management accounts offered by investment firms. I've been a big fan of ING Direct for years. Not necessarily the highest interest rates, but the difference amounts to pennies anyway.

Re: Best High Interest Yield Online Savings Accounts

jarrad — Wed, 06 Aug 2008 08:46:22 -0000

Dont forget about Citibanks Ultimate Savings Accoun. Its only at 2.25% right now, but you dont need a checking account and they let you do free money transfers between banks. You also dont have any minimum balance requirements. Another one to check out on the local side (if you live in the New England states) is M&T Bank's Money Market Savings Account. There is no minimum and money can be transferred between accounts with them. I use both and I have had no issues.

Re: Best High Interest Yield Online Savings Accounts

Cameron — Wed, 06 Aug 2008 00:32:24 -0000

Every time I see a blog discuss WaMu's savings account, bloggers add the caveat that you must also open a checking account with them--as if this is a major ordeal. It's not. I have $1 in my WaMu checking account. It's the $1 I opened the account with. In fact they let you name the accounts and I literally named the checking account "One Dollar."

I've been with WaMu for about a year now (obviously not for the checking), and I've been very satisfied with the saving account. Just because you have another checking account doesn't mean you have to use it!

Re: Best High Interest Yield Online Savings Accounts

Craig Mullins — Mon, 04 Aug 2008 01:30:30 -0000

Man, I miss the 5% I was getting with ingdirect & emigrantdirect. I sure hope these small rates go up soon.