Online Banks Raising Rates Across the Board
Something’s up, my last post disappeared. Anyways, I’ll check on it later. Quickly, some banks raised rates recently on their accounts (others too, but I only have accounts at these three):
ING Direct: now at 3.15% APY
Emigrant Direct: now at 3.50% APY
Virtual Bank: now at 3.25% APY
Previously: Presidential Bank Premier Savings at 3.75% APY. (This is where most of my cash is, but please note that it is not a “no-minimum no-fees” savings account.)
July 26th, 2005 at 5:29 am
that APY for Premier Savings looks good, but if you have over $35,000 you only get 2.5% not 3.75%
July 26th, 2005 at 5:43 am
sorry, noticed from other posts you knew this and spilt the funds, but that is annoying knowing they charge borrowers 6+% on mortgages when getting $100,000+ loans
August 4th, 2005 at 10:13 am
that’s why you don’t borrow from Prez. Lend high, borrow low.