Such as ING Direct. Which one would you prefere? Are there some that pay higher than 5% interest.
2007-09-29 19:34:44 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Right now, the best offer going is Countrywide at 5.50% if you can deposit over $10k.
If not, check out bankrate.com. You should find a couple paying 5.30% with low or no minimum deposits required.
ING Direct is way behind the curve right now, paying about 1% less then the leaders.
2007-09-29 20:23:47 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
If you're looking for a savings account with higher interest, try a Money Market account through your bank, or a CD account. Regular savings accounts are not paying over 5% interest right now.
2007-09-30 02:56:35 · answer #2 · answered by darylsgirl1114 4 · 0⤊ 1⤋
i would stick with ing because at the moment they are the best for this type of banking but its not which bank it is.its how you do it. most of them will lock you in for a year at a fix interest rate but if the interest rates rise throughout that year you will be in trouble.do it for three months and renew it every three months that way you will benefit.
2007-09-30 09:14:07 · answer #3 · answered by quatro 1 · 0⤊ 0⤋
all savings accounts generate interest -- rates change some times monthly so you just have to shop around!!!
2007-10-03 21:00:46 · answer #4 · answered by mister ed 7 · 0⤊ 0⤋
I don't think so since the fed lowered rates........
2007-09-30 02:49:39 · answer #5 · answered by richard t 7 · 0⤊ 1⤋