With WTDirect, HSBCDirect, EmigrantDirect, and INGDirect at 5%, is there any banks with a higher yield?

Question

I know with:

WTDirect at 5.26% yield, but you have to have more than $10,000 in the bank
HSBCDirect and EmigrantDirect at 5.05% yield with no minimum deposit
INGDirect at 4.95% with no minimum deposit

Does anyone know of any other banks that give similar interest rates or even higher interest rates than these online banks?

Answer 1

Those are all good banks. To find other banks with great rates and star ratings check:

http://www.bankrate.com/brm/rate/mmmf_highratehome.asp?web=brm¶ms=US,416&prodtype=chksav&market=416&product=33&state=US&sort=3

Good luck!

Answer 2

If you have over $10K, I'd go with WTDirect. I was with ING, but got fed up with the low rate (BTW, they're only at 4.50%), so I opened a WTDirect account (mid-size bank, good rate and good customer service). If you have under $10K, HSBC and Emigrant are good choices. Also, check out Citi. They have an OK account, but watch out for their transfer limits. Oh, and you have to open a checking account with Citi.

The smaller banks tend to offer high rates only temporarily, then drop, and the big guys don't tend to have the best rates.

My $0.02

Answer 3

It's not a bank but my Patpal account pays 5.3% no minimum