I'm saving up for a house down payment and would like to know that my money is in the best place it can be for the time being. I do not like the idea of a CD because I don't want to be restricted in when I can withdraw this money, as it may be needed at short notice.
What is the highest-yielding savings account (or alternative, non-fishy investment method) that you are aware of and can suggest? I am currently with EmigrantDirect, at 5.05% APY, and haven't really been able to find anything higher that isn't a CD or is somehow not skeevy.
2007-01-24 14:55:47 · 5 answers · asked by murzun 3 in Business & Finance ➔ Investing
emigrant direct that you already have is the best all around.
1 The ease of use
2 the lack of fees and mins are a plus.
3 Emigrant Direct has a 24hr turn around on transfers while some of the other can take 3 days.
there are a few with a 0.1 or 0.2% higher rate but all the above issues make them not worth it.
2007-01-24 16:10:00 · answer #1 · answered by hogie0101 4 · 0⤊ 0⤋
Bank rate.com is a good resource for looking for the best rates for savings, CD's and mortgages that I have found. I just searched and it shows some banks paying 5.3 APY on savings, so you are doing pretty good with what you have if you are happy with the services and convenience of the bank you are using.
2007-01-24 23:41:26 · answer #2 · answered by smussehl 1 · 0⤊ 0⤋
If you want over 5.05% go to a 5 yr CD
2007-01-25 00:19:06 · answer #3 · answered by traderb550 3 · 0⤊ 0⤋
Check out E-trade bank, I think they are giving a very good rate on MM accounts. Also HSBC bank.
You can go to www.bankrate.com to compare all the best MM rates all over the USA.
2007-01-25 01:17:03 · answer #4 · answered by InspectorBudget 7 · 0⤊ 0⤋
24% Annually.
Top 4 Answerer.
2007-01-25 03:28:44 · answer #5 · answered by Anonymous · 0⤊ 1⤋