High Yield Savings accounts revisited
 

I included the rates of the popular names as well as some I found with better rates. Surprisingly, many are U.S. based (although with UIGEA I wonder if that's a good thing). Anyone have experience with these or know of others with better rates?


5.36% - Amtrust Bank (Ohio) - 1K minimum - http://www.amtrustdirect.com/

5.25% - Eloan.com - https://www.eloan.com/savings

5.20% - http://www.directhuntington.com/onli...gs-account.htm

5.07% - New Dominion Bank - Out of Charlotte, NC. $5K minimum. Supposedly free checkwriting is included. - https://www.newdominionbank.com/Offer.asp

5.05% - HSBCDirect (very popular foreign bank) - 6% teaser rate to start - http://www.hsbcdirect.com/1/2/1/

5.05% - Emigrant Direct - https://www.emigrantdirect.com/Emigr...tWeb/index.jsp

Re: High Yield Savings accounts revisited
 

I don't know of any better, but E*Trade has 5.05 right now--very convenient if you have a brokerage account with them as well.

Re: High Yield Savings accounts revisited
 

Amboy direct link pays 5.25% APY for balances under $20,000 and 5.35% for balances $20,000 and over.

Fund transfers in and out of the account are very fast. For me, it's usually next business day or even same day.

Unfortunately, you can only link one checking account to the savings account.

Re: High Yield Savings accounts revisited
 

Countrywide offers 5.4% on large balances.

Re: High Yield Savings accounts revisited
 

[ QUOTE ]
Countrywide offers 5.4% on large balances.

[/ QUOTE ]

50k?

Re: High Yield Savings accounts revisited
 

Electric Orange just cannot be beat.

Its like 4% or something but it is a checking account as well. Debit card, they will mail checks for you from the website etc etc. Very awesome service.

Obviously if you want to have straight savings where you maximise the return, add HSBC or one of the others, but ING should be the checking account of choice IMO

Re: High Yield Savings accounts revisited
 

[ QUOTE ]
Electric Orange just cannot be beat.

Its like 4% or something but it is a checking account as well. Debit card, they will mail checks for you from the website etc etc. Very awesome service.

Obviously if you want to have straight savings where you maximise the return, add HSBC or one of the others, but ING should be the checking account of choice IMO

[/ QUOTE ]

Thanks,
20 minutes after reading this I was linking my bank account.

Once I clear my next credit card payment, all of my money will be in either Etrade savings or electric orange checking.

Re: High Yield Savings accounts revisited
 

Tax free money funds are a good deal now for residents of NY, California, and especially NYC, provided that you are in a high marginal bracket and are AMT-exempt. We're currently getting a pre-tax yield of 6.7%, which is as high a risk-free yield you can find anywhere.

Re: High Yield Savings accounts revisited
 

[ QUOTE ]
Electric Orange just cannot be beat.

Its like 4% or something but it is a checking account as well. Debit card, they will mail checks for you from the website etc etc. Very awesome service.

Obviously if you want to have straight savings where you maximise the return, add HSBC or one of the others, but ING should be the checking account of choice IMO

[/ QUOTE ]

Link?

Re: High Yield Savings accounts revisited
 

[ QUOTE ]
Amboy direct link pays 5.25% APY for balances under $20,000 and 5.35% for balances $20,000 and over.

Fund transfers in and out of the account are very fast. For me, it's usually next business day or even same day.

Unfortunately, you can only link one checking account to the savings account.

[/ QUOTE ]

I have an account with Amboy premium and have been very happy. They have historically been at the high end of the High Yield Savings acounts.

It is true that you can only link one account, but their transfers to and from these accounts have always been really fast (under 48 hours).

They also offer a "refer a friend" deal where if you deposit $3000 + they will give you a $25 bonus (sort of like the old poker bonus whoring days [img]/images/graemlins/smile.gif[/img])

If you want a referral send me a PM.