D.Pham5GLTE (>60GB)

Well, I had been using HSBC for a while but their rates kept droping, i think it is at 0.40% now. AMEX i saw has 0.90%. What bank are you guys using for savings account?

X

Bank of Mattress.

Ranger

www.dollarsavingsdirect.com has .70% and they often have the best rate.

sigh.

DVD Polizei

$1,000 minimum? Why not just get a 1 year CD. You'd probably get 50% more back for that year...

The Bus

Most of the banks here offer 4–5%. As long as you're OK with a little currency fluctuation...

Vibiana

To the OP: you might look for a credit union rather than a bank. Many share accounts offer better interest rates than a standard passbook savings account.

ZakVTA

Ally

Switched there from HSBC

DirkUSA

Stop saving! You need to spend your money! The economy needs your spending! Stop saving!

Thank You!

Jules Winfield

The best savings account to use is one that has money in it. If a savings account doesn't have money, what are you gonna use it for, you dingus?!

TGM

I think ING is ~0.8%.

superdeluxe

Ally Bank has a Savings rate of .95% and no minimum or fees.

I have local savings account through Boeing Credit Union, First 600$ has a savings rate of 5%

Manco

I use ING their at .80%. I'm considering going to CIT Bank they have a 1.05% rate BUT you must have at least $25.000.

Matt925

I use a local credit union for 1%. Still remember the glory days when etrade offered 5.05.

Timber

Loved the way you slipped the big time move in here...

Heat

I use mutual funds for longer term savings, and a safe deposit box for short term savings (money for property taxes / insurance). Sure, it has no interest, but at 0.4% interest I would be looking at less than a couple of bucks in interest per year.

tbone

Why a safety deposit box vs a savings at the same bank you have the box??? IF you're not concerned about the rate, you still have better liquidity/access to the savings.

Heat

There are two accounts I could use at my bank (US Bank) - one has a $300 minimum, the other requires a $25 transfer from checking each month. It wouldn't kill me to open a savings account again, but all of my longer term savings is sent to a mutual fund company and my stuff I know that I'll need within the year works fine in the safe deposit box. I am only adding something to the box maybe once every two or three months.

D.Pham5GLTE (>60GB)

do they have fdic insurance (or whatever the equiv is called)?

D.Pham5GLTE (>60GB)

how reliable is CIT?

JTH182

Mitt Romney's

The Bus

Up to AU$250K. The question is: Is Australia in a mining bubble or is this a "new" normal?

Personally I want to see a 90% devaluing of the AUD until I leave. Shit is too expensive here.

OldBoy

i get $20/month in interest added to savings, but not sure what rate and if this is good or not.