If you have over $2,500, you can start earning upwards of 5.2% interest with this hard-to-find Bank of America money market account. [My Money Blog]
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BUT....I can get 5.3% at GMAC Bank and it means staying away from the evil BoA
I can't get to mymoneyblog.com. :( I have a BofA account so it will be easy to switch over. I know they aren't popular around here, but we've banked with them for years and have never had a problem.
@flconsumer: yep, been doing that for over a year now.
Big deal...5.25% at Ing Direct for new money. No fines or minimums that I'm aware of.
Be careful signing up for this deal. Many people are reporting getting 0.5% and not 5% as they were promised. It's apparently a quite complicated affair, and few branches and CSRs know what is going on at this moment.
"You need $1,000 to open, and a minimum daily balance of $2,500 to avoid a $12 monthly maintenance fee."
bleh I'll stick with 5.05 with no fines or minimums (hsbc). Paying even one of boa's fines would more than make up for the difference in rates, so no thanks. I know there was a 6 floating around somewhere, if you're into fines and minimums and whatnot.