Which institution has the highest yield interest rates for savings/money market accounts and also has a nice online interface? I am considering capital one but interested in others if they are better.
2006-06-19 13:11:42 · 11 answers · asked by Danno_D_Manno 4 in Business & Finance ➔ Personal Finance
ING Direct (www.INGdirect.com) has high rates for savings accounts. You can also check www.bankrate.com to search for the highest rates available.
2006-06-19 13:34:20 · answer #1 · answered by fpar1810 1 · 0⤊ 0⤋
I've heard of advertised rates of around 4% from different institutions. It's probably not going to make much of a difference for you, however. Savings accounts typically are a little below inflation, so that whatever you earn is going to be worth a little less when you spend it.
Typically, you're going to want to put about three to six months savings in a savings account and money market account, and then start putting money away into better instruments: bonds, stocks, mutual funds, real estate. What you choose and how you invest will depend on what are your goals and where you are most comfortable.
Good luck
2006-06-19 13:17:30 · answer #2 · answered by Geni100 3 · 0⤊ 0⤋
I doubt anywhere is paying over 3% for a saving account - especially not for only $100 - you might get 1/2% if you're lucky maybe not even cd's - the rates have dropped a lot in the last year - CD's usually have a $250 or $500 minimum
2016-05-20 03:28:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I just signed up for Capital One's high yield money market fund. I like it because it can tie all my checking accounts together, it has a pretty good interest rate, it's FDIC insured, and $1 is all you need to open an account.
2006-06-19 13:15:19 · answer #4 · answered by Robert B 3 · 0⤊ 0⤋
ING Direct, like one of the other poster wrote. In addition to the rate, it has an excellent online interface that is easy to use. The security features are some of the best I have seen.
2006-06-19 15:16:45 · answer #5 · answered by atmjay 3 · 0⤊ 0⤋
Check out money market accounts at Vanguard Funds. You get check-writing privileges for free, but I think the minimum check you can write is for $250. After all, it is suppose to be a savings account.
2006-06-19 13:18:55 · answer #6 · answered by ps2754 5 · 0⤊ 0⤋
There's a large portfolio for investments. Just remember that is like when betting.... the higher the risk, the better revenue. I think FOREX is a good option. It consists on the changes between some currencies of the economy. Try out.
2006-06-19 13:17:48 · answer #7 · answered by 10_JaVo 2 · 0⤊ 0⤋
Paypal!
Yep..you read it right. They are currently paying 4.75% with absolutely no strings, no minimums and no CD limitations. You link it to your regular checking account to transfer money back and forth. They'll send you a mastercard debit card. If you use it as a credit card, they kick back 1 1/2% of the purchase back to you.
I love it. Long-term CD rates with no strings.
And Capital one Sucks. Trust me on that one.
2006-06-19 13:53:03 · answer #8 · answered by Lori A 6 · 0⤊ 0⤋
HSBC also has an APY of 4.65%. Interface is servicable (not great, but not un-usable).
Transfers with non-HSBC accounts take 3-4 days.
2006-06-19 13:19:42 · answer #9 · answered by Joe T 2 · 0⤊ 0⤋
check at bankrate.com for a survey of rates from different financial institutions
2006-06-19 14:02:07 · answer #10 · answered by Norman 7 · 0⤊ 0⤋