(Deprecated) Where To Put Your Money If It's Just Sitting In a Checking Account

Citibank has an "Ultimate MM Account" that pays over 5% (I think it's 5.25%.)

The Dime Savings Bank has a teaser rate of 6% for a MM for three months.
 
Citibank has an "Ultimate MM Account" that pays over 5% (I think it's 5.25%.)
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4.5%
HSBC just lowered their rate again to 4.25%
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Yes, they did. According to the letter that they send it's not "them", it's federal reserve.
 
ingDirect is down to 4.1% as of Dec 13th.
 
Anyone tried ING orangeElectric

Electric Orange.

America's first all-electronic, paperless checking account is going to change the way you do your banking. Earn a great rate, with online Free Bill Pay, easy access to cash, an Electric Orange MasterCard® Debit Card and more - it provides the access and convenience of checking with the earning power of savings.

they are running a $25 and $10 referral program
 
Electric Orange is good, especially if you have a Savings Account through ING already as they are linked together and you can easily instantly transfer money between the accounts and schedule transfers as well. Plus they give you a $1000 overage cushion on it, free Mastercard Debit (free no ATM fees at many places including most Target/CVS/Costco ATM machines or places that have ALLpoint network). They also provide ways to send electric checks to others that have ING accounts, or if you give them name/address they will send a physical check to anyone.

Plus you get interest (not as much as the savings) on anything in your checking account.
 
Wow, what a drop in rates (at least from ING and I'm assuming most places).
Anyone still getting anything decent.
 
7.00% APY US First Credit Union- Local San Mateo,CA Rate Only!

US First Credit Union is doing a promotional rate between February 13-15th of this month. Get 7.00% APY on a new certificate opened at their Laurelwood Shopping Center Branch.

www.usfirstcu.com
Phone 1-800-488-3300

There are some qualifications on how/who can open an account and join their credit union. Basically, you can either work or live (and i think also if you go to school) in either SF, Marin, or San Mateo County to qualify! The other qualification is if you have a family member that is already part of that Credit Union or if you work for one of the listed companies that are part of it (many private firms on there).

Min. 500 dollar deposit.
Max is 1000 dollars

12 month term.
New money only.

Address: 1328 W. Hillsdale Blvd., San Mateo, CA 94403
 
my 5.50% WAmu cd is ending in february :cries:

anyone know when CD APYs will increase? not for a while since the fed cut rates?
 
First Banking Center is offering a checking account with 6.01% APY on balances under $25,000 with no ATM fees, no minimum balances, and no service charges.

This is a much higher interest rate than most CD's and other high interest checking and savings accounts offered by ING, Charles Schwab, and CountryWide.

http://www.firstbankingcenterrewards.com/


* No minimum balance requirement
* No monthly service charges
* Unlimited check writing with no per check fees
* Free check safekeeping required
* Interest is credited to the account monthly, based on the following tiers:
On balances from $0 - 25,000
On balances from $25,001 and over
OR base rate for all balances if requirements are not met
* To earn the higher interest rate(s) and free ATMs nationwide, perform the following each qualifying cycle**:
- Make at least 10 Check-Mate Card purchases (excluding ATM
transactions)
- Receive a monthly electronic statement
- One direct deposit or ACH auto debit
* $1 minimum initial opening deposit
* Check-Mate card available*
* 24-hour account access via Internet available
* 24-hour account access via telephone available
* Overdraft Privilege program attached
* Direct Deposit available
 
Spoofee said:
Thanks for doing this. I just switched to Emmigrant Direct from ING Direct. I hope they have a good answer.
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I am also a member with ING Direct. I am locked in at 5.15% six month CD maturing in April. What does immagrant direct have listed for their six month CD. Thank you. Brian
 
starsweet said:
Anyone like to comment on which is the best overall online bank?

I opened ING a couple of months ago and really like them but their rate is lower than all these banks that were just posted, which disappoints me. What is the real difference between MM and savings account? Why are most of you going with HSBC?

Thanks! :)
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I have been with ING Direct for the last seven years or since they opened. They give like 25.00 everytime you get a friend to sign up. I locked in a 5.15%apy interest rate almost five months ago. The CD will mature in April. It would be nice if they just left the rate and money alone and rolled it into another six or 12 month CD but I know they couldnt offer the same rate.
 
For those who are purchasing a house, you can get the same amount of interest ON your money as the interest rate on your house by paying extra on your principal.

Granted this is not cash in the bank, and the payout dates aren't until after you finish paying off your home loan (which will be significantly early doing this), it will save you X.X% (equal to your home loan APR) on the amount you invest - over the period remaining on your loan (not just over the period until you get it paid off - early).

This can easily be tens of thousands on even the smaller home loans if you have many years left on your loan.
 
elgrangus said:
I tried to open a oneUnited account unsuccesfully.
I tried to call them, i was on hold forever,
tried emailing them, no email back
sounds fishy
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Email has never worked out well for me either. When I called, I called about 8:30 am PST and got through without much hold time.
 
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