topic Re: Who offers best Savings account?? in General Credit Topics

Who offers best Savings account??

Creditaddict — Tue, 10 Mar 2009 18:29:30 GMT

Who offers best savings account with highest yield?

I wasn't sure where to post this, sorry if this is wrong spot.

Re: Who offers best Savings account??

Anonymous — Tue, 10 Mar 2009 18:36:42 GMT

Hardly anybody is offering a decent rate, but you can check Bankrate.com.

Re: Who offers best Savings account??

Creditaddict — Tue, 10 Mar 2009 18:51:07 GMT

2.15 through FNBO Direct is best I can find?

Re: Who offers best Savings account??

timber — Tue, 10 Mar 2009 18:59:27 GMT

Join Alliant CU if you can... they are currently offering 2.75% on checking and 3.00% for savings with no minimum balance requirements. This is the best I've found anywhere today. They're affiliated with a number of organizations to allow membership. I got in via Lifetime Fitness.

Re: Who offers best Savings account??

Scamp — Tue, 10 Mar 2009 20:01:59 GMT

CA, if you haven't already seen this article, it might be helpful:

http://articles.moneycentral.msn.com/Banking/BetterBanking/banks-offer-big-perks-to-lure-savers.aspx

Re: Who offers best Savings account??

Anonymous — Tue, 10 Mar 2009 20:06:46 GMT

Wachovia is offering a descent 1 year savings account. 5% interest on the first year with no fees up to them paying $300 max. After year one it reverts to 2% and a $5 fee per month.

Re: Who offers best Savings account??

Creditaddict — Tue, 10 Mar 2009 21:13:02 GMT

@Scamp wrote:
CA, if you haven't already seen this article, it might be helpful:

http://articles.moneycentral.msn.com/Banking/BetterBanking/banks-offer-big-perks-to-lure-savers.aspx
THANK YOU GMAC 2.65% no min.

Re: Who offers best Savings account??

Creditaddict — Tue, 10 Mar 2009 21:18:15 GMT

Actually I think the Wachovia is better.... Or someone that is really good with math which would be better, 5% for first year and 2% thereafter or just 2.65 for all 3 years?

assuming the 2.65 does not change for the next 3 years.

the wachovia offer is currently guaranteed by the looks of it.

Re: Who offers best Savings account??

Anonymous — Wed, 11 Mar 2009 15:41:43 GMT

I use www.ingdirect.com

Re: Who offers best Savings account??

Anonymous — Thu, 12 Mar 2009 20:40:25 GMT

I have an ING direct account and I love the ease of use. Also Customer service that I dealt with was great.

I was thinking of moving to GMAC's 2.65 APY. Anyone have insight on GMAC and their services? This account will not be touched, I don't use the money on this account.

Re: Who offers best Savings account??

Anonymous — Thu, 12 Mar 2009 23:34:22 GMT

My philosophy is go with whomever has the highest APY and most importantly is FDIC insured. I signed up with Dollar Savings Bank, which began high and is now down to 2.25%

It's kind of a crappy time, but oh well.

Re: Who offers best Savings account??

Creditaddict — Fri, 13 Mar 2009 01:39:20 GMT

I went with Wachovia for the 5% and then year 2 and 3 are 2%

Re: Who offers best Savings account??

Anonymous — Fri, 13 Mar 2009 02:09:22 GMT

@timber wrote:
Join Alliant CU if you can... they are currently offering 2.75% on checking and 3.00% for savings with no minimum balance requirements. This is the best I've found anywhere today. They're affiliated with a number of organizations to allow membership. I got in via Lifetime Fitness.

Agreed. I have not been able to do better than Alliant either. I joined several months back when savings rate was 3.70% and while it has been declining I haven't found anyone that can beat their current rates.

Re: Who offers best Savings account??

Anonymous — Fri, 13 Mar 2009 02:11:56 GMT

@Creditaddict wrote:
I went with Wachovia for the 5% and then year 2 and 3 are 2%

Isn't that capped for $300 for the year though? If so, you'd be better off going somewhere else. I'm making about $90-95 a month with my alliant account. So if you have enough in the account to where you'd make the capped interest at $300 in a short period of time, you wouldn't benefit to go with the Wachovia account.

Re: Who offers best Savings account??

Anonymous — Sun, 29 Mar 2009 13:24:09 GMT

Lately it has been hard to find a decent rate at any bank. The rates have been fluctuating quite a bit. UFB Direct currently has a rate of 3.5% which is the best I have seen in quite a while. I would recommend using a site like http://www.depositaccounts.com/savings/ to help you. Ultimately many of the rates are going to depend on the type of account you choose.

Message Edited by sjjensrud on 03-29-2009 06:24 AM

Re: Who offers best Savings account??

llecs — Sun, 29 Mar 2009 13:28:36 GMT

bankrate.com is another great resource.

Re: Who offers best Savings account??

Anonymous — Sun, 05 Apr 2009 22:28:47 GMT

I don't know if there is one bank that really sticks out in my mind. The rates have been all over the place lately, so one day it's one bank and the next it's another. If you're looking for a bank that consistenly offers a good rate, why not go for a CD? Your rate is typically locked in for the term so there's no worry about signing up for a good rate and then losing it down the road. A site that might help answer your question is http://www.depositaccounts.com/savings/. If you do a little watching of the rates, you might find a bank that consistently offers a good rate.

Re: Who offers best Savings account??

brother7 — Mon, 06 Apr 2009 01:21:01 GMT

Bank rates change like the weather. One day, Bank X is top. Next day, Bank Y has the best rate. If one is going to jump from bank to bank to bank chasing the best rate, after a while, you'll have a zillion accounts open leading to complex financial life.

Instead of rate hunting, I've chosen to settle on one online savings account that'll give me a good rate, is easy to use and has good customer service. My search is still going on but I'm leaning towards INGDirect and their Orange Savings account, combined with their Orange CDs. It may not be the best at the moment, but it's not bad and it's easy to maintain. I also plan on setting up a CD ladder, as explained in this article and video on Bargaineering.com.