Consumerist
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hsbc
HSBC Extends 3.5% APY Online Savings To Sept 15
HSBC sent around a big cheery email to let everyone know that they've extended the promotional 3.5% rate on their online savings account until September 15th.
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money
Some Online Savings Yields Jump Upwards, Others Decline
After several depressing months of steadily declining rates, the yields on a few online savings accounts rates rose a tad. With .45 percentage points, HSBC Direct had the biggest jump and at 3.5% reclaims the title as the highest yielding online savings account from a big-name bank with no minimum balance. However, this is only a promotional rate through August 15. Tricky like a rock rhythm. (I found the big red "DEPOSIT MORE NOW" button in the announcement email HSBC sent out especially amusing). You might instead want to look at the online savings account offered by Provident Bank at 3.5%. That's down from 3.75 but the cut was tracked to the decrease in the federal interest rates. So with the Feds saying we're done with cuts for the near future, it's probably decent bet the Provident Bank rate will hold. Here's a good number of the rates that have gone up, and those that have stayed the same or decreased since the last time we posted this info. More » -
money
Latest And Best Online Savings Accounts Rates
Now that interest rates have fallen, online savings accounts aren't offering the same kind of return as before, but you can still stay liquid and get more than what you get in a brick and mortar bank. Here's some online saving accounts offered by FDIC-insured banks ranked by the interest they pay out:
OneUnited: 3.6% APY (min of $1000)
GCFBank.com: - 3.34% (only for 90 days)
WT Direct: 3.31% (min of $10k)
FNBO Direct: 3.25% (no min)
Savings Square: 3.25% (no min)
HSBC: 3.05% APY (no min)
E-Loan: 3.01% APY (no min)
Erade: 3.01% (no min)
ING Direct: 3.0% APY (no min)
Umbrella Bank: 2.75~3.25% APY (min of $100)
Emigrant Direct: 2.75% APY (no min)
Citibank e-Savings: 2.70% APY (no min)Hey if it's just sitting in your account doing nothing, why not make it work for you a bit?
[via Spoofee]
(Photo: Getty)
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A roundup of some of the most popular banks for high-yield online savings accounts. [Five Cent Nickel]
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Oh how the mighty have fallen. HSBC Direct's online savings rate is now a paltry 3.55%. There just ain't the same money in saving money as there used to be.
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HSBC Direct lowered its online savings account rate to 3.8%. Now my bet in moving all my money to E*TRADE, currently running at 4.4%, has paid off.
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rate chasers
E*TRADE Drops Online Savings Account Rates To 4.4%
So, of course, one day after I post about how great E*TRADE's 5.05% savings rate is, it drops to 4.4%. Truth be told, that was kind of unsustainable with the federal interest rate at 3.5%. It will still probably be higher than the rates offered by the other players which have like HSBC Direct (currently 4.25%), ING Direct (currently 3.6%), and Emigrant Direct (currently 4.55%). Tears, tears. -
rate chasers
Swapped Cash From HSBC Direct To E*TRADE
Today's interest rate cut means online savings accounts lovers will once again experience heartbreak as their high-interest accounts become even less so. There is still one company offering rates from the what now must be seen as halcyon days; E*TRADE's online savings accounts give you 5.05%, though it's not without caveats... More » -
personal finance
E*Trade Raises Rates On Online Savings Accounts, CDs
E*Trade increased the rates on a variety of banking products this week in an effort to woo back depositors spooked by their recent troubles. Here's how they're looking:
Complete Savings Accounts: 5.05%
6-Month CD: 5.25%
1-Year CD: 5.15%Those are competitive rates, considering that as of last week, the national average for a 1-year CD was 3.5%, 3.31% for a 6-month, and the rates for the higher of the high-interest online savings accounts is 4.5%.
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Verify Funky Online Banks
So you just found some awesome interest rate at an online bank. Only problem is, you've never heard of the place before. How do you know if your money is secure?
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online savings accounts
New York, 1:53 PM
Mon Dec 1
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