Internet banking suggestions

[econophile]

i was looking at the site for citi's e-savings account and it says you also have to open a checking account to qualify. is this standard at the other online banks? and are there fees if you go below a minimum balance?

thanks

[econophile]

anyone? i'm willing to do referral bonus for good info.

[mattnxtc]

are these savings accounts just more liquid than a cd? That seems to be the only real difference. CDs tend to make a bit more yearly

[mattnxtc]

was just lookin at 1 year CD's I found a few offering 5.75% APR...but i still think at 5.15% i would be getting a better deal in terms of the liquidity of the Emigrant account would yall agree?

[wrschultz]

It just depends on if you you will need the money within 1 year.... Liquidity only matters if you need it, or if you believe the interest rates will change drastically over the next year...

[wiz_apprentice]

econ tim,

Sorry, I haven't had time to reply to your questions. On the Citibank account, typically you have to have a checking account with Citi or apply online for their e-savings account to get that requirement waived. You just need to look up the esavings account for the details:

http://www.citibank.com/us/d.htm

I'd personally suggest the money market account from Capital One:

http://www.capitalone.com/indexa.php

Just click on the Money Market link on their site for more details. However, Capital One does NOT require that you set up a checking account to qualify for their money market account. You can also link the account to your current checking account with another bank, if you need the funds. Let me know if you need more info.

[econophile]

wiz, thanks for the information. i actually just set up an emigrant account yesterday. the sign up process what pretty simple.