Comments on: Top Online Banks For High Interest Savings and Checking

By: Jim

Jim — Mon, 20 Jul 2009 17:33:51 +0000

These are pretty good suggestions. I use the ING direct and really enjoy it; however, their apy is always adjusting so they arent always the best rate available. I like that i can add money to my AccountNow prepaid debit card with my ING account. This makes it easier since my money direct deposited to my account already

By: Chris

Chris — Sat, 30 May 2009 05:25:07 +0000

Looking at Ally Bank…no doubt…it’s one of the, if not the best bank right now offering the best rates and impressive bank products like no penalty CD’s. 1 year classic CD’s are 2.80%, online savings accounts are 2.25%, and free checking money market accounts are 1.90 % APY. Definitely worth a review!

By: Perch

Perch — Tue, 26 May 2009 04:51:17 +0000

Also, forgot to mention, I recommend checking out Ally Bank’s new no penalty CD deposit accounts. They are different from old traditional classic certificate of deposits in that they impose no penalty fees or charges when you withdraw your CD funds prematurely prior to maturity. Apparently it’s a new online banking gimmick or something that Ally is working on. Worth checking out.

By: Perch

Perch — Tue, 26 May 2009 04:49:14 +0000

Hey all,

GMAC has changed its name and website visits are being redirected to the new Ally Bank website.

Ally Bank, formerly known as GMAC Financial Bank is being marketed pretty heavily…you may have noticed their TV commercials on CNBC and other places online as well. GMAC Bank is working hard to improve its old damaged auto maker image by changing name and branding itself into the new and improved Ally Bank. But the savings account rates and CD rates with Ally Bank are still the same high interest rate offers we’ve come to expect from the old GMAC. Hopefully, market conditions permitting, high yield savings account promotions and CD deposit accounts with Ally (GMAC) will continue to offer the best rates for months and years to come.

By: foglifter

foglifter — Thu, 07 May 2009 17:53:08 +0000

Mac,

I’d really suggest going with GMAC. I just got a letter from EverBank about fee hikes. I had a few bucks left there as I no longer use EverBank. I immediately called and closed my account.
Here’s what I use right now:
checking – Patelco (local bank, use it for deposits and for my HSA account)
checking – Fidelity mySmart Cash account (free ATM/billpay/checks, FDIC core)
savings – GMAC Online Savings and GMAC MMA (with checks)

By: Mac

Mac — Thu, 07 May 2009 13:40:28 +0000

I have a checking and savings account with Bank of America. Been looking at online rates these days. They are not all that great but at least they offer me solid FDIC limit protection from loss. I want a reliable interest rate driven Internet savings account for high yield interest. Looks like Everbank is a good pick. Dollar Savings Direct looks pretty good too. Any other banking account ideas for savings? If not, I play to sign up and see how they go. I’ll report on my experiences!

By: TrueRates

TrueRates — Mon, 20 Apr 2009 14:16:06 +0000

Oh I should mention that my portfolio for the savings account is targeted at the $90,000 + rates. There are some teaser 3.5 or 4 % rates out there but they are only good up to $25,000 limit. Good for some I suppose..

By: TrueRates

TrueRates — Mon, 20 Apr 2009 14:13:24 +0000

Well as of April 20th 2009 all these rates listed as the “top” APY’s are all wrong, most of them by over 50% lower. I keep an eye on all the big names, right now 1.6-2.0% are the normal. I have stuck with GMAC I opened it at 2.5% and its holding at 2.25% which is about the highest I have found for banks out there. Saving accounts.

By: foglifter

foglifter — Mon, 02 Feb 2009 07:39:59 +0000

One more thing about GMAC – 4-star rating at bankrate is important at these days.

By: looey

looey — Sun, 01 Feb 2009 17:23:20 +0000

Actually, now that i am looking for a new online savings account, all of the rates that have been recommended by the users on this forum have dropped. looks like GMAC pays 3%, Emigrant pays 3.5 and Venture pays 3.3 as of Feb 1.

By: looey

looey — Sun, 01 Feb 2009 17:17:02 +0000

Foglifter,
Thanks for pointing that out, it seems the “high yield” I was promised back in Sept when I opened the account has fallen almost 50%. I’m changing accounts today!

By: foglifter

foglifter — Sun, 01 Feb 2009 04:34:13 +0000

looey,

Where did you get this rate for Capital One? Their rates have been pretty low compared to others over the last few months a few months ago. Current rates are 2% for MMA and 1.5% (2.65% for 10K+) for Online Savings… Probably a bit higher for Costco customers.

By: looey

looey — Sun, 01 Feb 2009 03:21:01 +0000

What do you think about the Capital One High Yield Money Market account? I get about 3% APY and no min balance or fees. I changed to that from ING because it’s a little higher interest, also has a check-writing feature.

By: ratechaser

ratechaser — Tue, 13 Jan 2009 23:25:58 +0000

The company that issues my prepaid reloadable Visa debit card, NetSpend Corporation, offer a 5% APY savings program tied to the card. You just load money on your card, and then go to their online account center and move any amount across to the savings program. When you need it you just move it back on to the card. From what I can see on the site there are no minimum or maximum balance requirements or limitations.

By: D

Tue, 13 Jan 2009 17:12:43 +0000

Ray,

This article is a perfect example of what I have been looking for. However, it is out of date.

I would urge you post the rates on you homepage in a left or right of middle column like a tracker index.