EmigrantDirect just dropped the rate on its AmericanDream Savings Account from 5.15% to 5.05% APY. The rate had been at 5.15% APY since July 28th.
This makes its rate equal to the HSBC Online Savings Account.
Topping the best interest rate list at the end of September is E-Loan at 5.50% with a minimum opening deposit of $5,000 but with a minimum daily balance of only $500. A possible drawback is that you can link your savings account to only one external account. There is no sign-up bonus at this time.
There is also the relatively new 5.27% APY Grand Yield Direct account offered by The Apple Bank For Savings. Check the sidebar for links to more information about this account.
This entry was posted
on October 1st, 2006 at 1:45 am
and last modified on February 7th, 2007 at 3:18 am, and is filed under Promotions.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Leave a Reply
Money Market Deposit Accounts (MMDAs)
These accounts invest your balance in short-term debt such as commercial paper, Treasury Bills, or CDs. The rates they offer tend to be slightly higher than those on interest-bearing checking accounts, but they usually require a higher minimum balance to start earning interest. These accounts provide only limited check writing privileges (three transfers by check, and six total transfers, per month), and often impose a service fee if your balance falls below a certain level.
