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Best savings account to use?

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Best savings account to use?

Old 09-04-12, 10:53 PM
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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?
Old 09-04-12, 11:22 PM
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Re: Best savings account to use?

Bank of Mattress.
Old 09-04-12, 11:56 PM
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Re: Best savings account to use?

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

sigh.
Old 09-05-12, 12:12 AM
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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...
Old 09-05-12, 07:32 AM
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Re: Best savings account to use?

Most of the banks here offer 4–5%. As long as you're OK with a little currency fluctuation...
Old 09-05-12, 08:30 AM
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Re: Best savings account to use?

Originally Posted by X View Post
Bank of Mattress.


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.
Old 09-05-12, 09:12 AM
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Re: Best savings account to use?

Ally

Switched there from HSBC
Old 09-05-12, 10:51 AM
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Re: Best savings account to use?

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

Thank You!
Old 09-05-12, 12:51 PM
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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?!
Old 09-05-12, 12:58 PM
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Re: Best savings account to use?

I think ING is ~0.8%.
Old 09-05-12, 01:02 PM
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Re: Best savings account to use?

Originally Posted by D.Pham00 View Post
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?
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%
Old 09-05-12, 04:51 PM
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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.
Old 09-05-12, 05:10 PM
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Re: Best savings account to use?

I use a local credit union for 1%. Still remember the glory days when etrade offered 5.05.
Old 09-05-12, 05:22 PM
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Re: Best savings account to use?

Originally Posted by Manco View Post
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.
Loved the way you slipped the big time move in here...
Old 09-05-12, 07:07 PM
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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.
Old 09-05-12, 07:39 PM
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Re: Best savings account to use?

Originally Posted by Heat View Post
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.
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.
Old 09-05-12, 11:17 PM
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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.
Old 09-05-12, 11:53 PM
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Re: Best savings account to use?

Originally Posted by The Bus View Post
Most of the banks here offer 45%. As long as you're OK with a little currency fluctuation...
do they have fdic insurance (or whatever the equiv is called)?
Old 09-05-12, 11:59 PM
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Re: Best savings account to use?

Originally Posted by Manco View Post
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.
how reliable is CIT?
Old 09-06-12, 01:26 AM
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Re: Best savings account to use?

Mitt Romney's
Old 09-06-12, 04:15 AM
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Re: Best savings account to use?

Originally Posted by D.Pham00 View Post
do they have fdic insurance (or whatever the equiv is called)?
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.
Old 09-06-12, 12:50 PM
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Re: Best savings account to use?

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

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