Answers
trying to save this year.
I really like guaranty bank. They have online checking and it is a free checking account.
www.ingdirect.ca For over a decade, ING DIRECTs been helping Canadians save their money and our shorter Clients deserve the same full-sized ...
I need to start saving my money better, and I think a savings account will help me out alot! Which bank should I go with?
Preferrably a bank with..
*Low/no minimum daily balance
*Low/no monthly service or maintenance fees
*High interest rates, so my money will add up QUICK
*Free online banking
I put a portion of my savings in an online-only bank. They typically have better interest rates, but none are too great right now. To find them, look at www.bankrate.com.
For safety, I only put mine in banks with 3 stars or more. It should only be opened in an FDIC bank.
I am looking at some of the APY's now, and they are generally from 1.50 to 1.70. I see minimum opening balances from $0 to $2500 and up. You can I have withdrawals transferred directly from checking to savings, and that is the easiest way to save.
Monthly fees on the majority of these is $0.
Which online savings account should I open that has no minimums or fees? I have a statement savings with wamu already, and a checking...but I don't like how they charge you when your go under the minimum. Which bank would be best at maximizing my savings over the next 12 or so months?
HSBC is ok yet has fees as well now Wachovia (dont know if they have it there) has virtually no fees
I bank with a small local bank who doesn't do anything like "Save the change" - I was just wondering if bank of america is WORTH the switch? I get free checking - free online banking - no minimum balance - stuff like that. But transfering the change to a savings account just to save up some extra money for rainy days is intriguing. Any info would be helpful - thk you.
It is not worth it. You would do better to set up a regular deposit into a savings account yourself.
I want to open a savings account but I don't know which one to choose. Each bank has a variety of options all with interest rates well under 2 percent. But then there's always a type of account with no minimum balance, no fees, and an interest rate of 3 percent. I don't get it. What's the catch? And how is an online savings different than a regular savings? And what's even the purpose of a money market account now with so many savings accounts offering higher rates? Are these all effects of the U.S.'s dwindling economy? I know I ask a lot of questions but if anyone has all the answers, It'll be greatly appreciated.
Funny you mention that because I'm with Citibank and I they were considering selling themselves on Friday. I'm looking to move to another bank, but do you think it's still safe even with the federal regulations increasing deposit insurance from 100K to 250K?
My bank (in Canada) offers online saving account too at higher interest rate. The catch: No client card: that means you need to have another saving/checking account to transfer your money to/from. The transfer is free though if it's from the same bank. I haven't checked by I guess I can't withdraw $ from ATM either. So if you don't have an account with Bank A, you need to open a regular account with Bank A first in order to open a high interest online saving account.
Why do banks offer such accounts? Bottom line: to attract more customers and bring in more money.
E-Loan Online Savings Account Rates
E-Loan is a subsidiary bank of Banco Popular North America, which is a New York chartered bank that has FDIC insurance. It is a very large national bank that holds over $12 billion in assets. E-Loan is the branch of the larger bank that handles most of their online savings accounts and their associated rates. Because of the online nature of their business they have less paperwork for you to fill out and the strictest privacy policy in the banking industry.
When you are looking for the rates on an E-Loan online savings account, you will typically run across two different rates. The first is the rate for the basic online savings account. This account requires a $10,000 minimum balance and had an annual interest yield of 1.1%, as of February 12th 2010.
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