Best savings account to use?
#1
DVD Talk Hero
Thread Starter
Best savings account to use?
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?
#3
DVD Talk Legend
Re: Best savings account to use?
#4
Re: Best savings account to use?
$1,000 minimum? Why not just get a 1 year CD. You'd probably get 50% more back for that year...
#9
DVD Talk Legend
Join Date: Jul 2000
Location: wandering the earth like Caine in the Kung-Fu
Posts: 19,937
Likes: 0
Received 13 Likes
on
5 Posts
Re: Best savings account to use?
The best savings account to use is one that has money in it. If a savings account doesn't have money, what are you gonna use it for, you dingus?!
#11
DVD Talk Legend
Re: Best savings account to use?
I have local savings account through Boeing Credit Union, First 600$ has a savings rate of 5%
#12
DVD Talk Special Edition
Join Date: Jul 1999
Location: Pittsburgh,PA
Posts: 1,145
Likes: 0
Received 0 Likes
on
0 Posts
Re: Best savings account to use?
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.
#14
DVD Talk Legend
#15
DVD Talk Legend
Re: Best savings account to use?
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.
#16
Senior Member
Join Date: Mar 2000
Location: Somewhere over there
Posts: 620
Likes: 0
Received 0 Likes
on
0 Posts
Re: Best savings account to use?
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.
#17
DVD Talk Legend
Re: Best savings account to use?
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.
#18
DVD Talk Hero
Thread Starter
#19
DVD Talk Hero
Thread Starter
#21
DVD Talk Godfather
Re: Best savings account to use?