posted: Mar. 22, 2003 @ 2:46a
This thread is no longer updated.
Please see the new thread Here which is updated.
The purpose of this thread is very narrow: To keep an up to date listing of the best online bank interest rates out there. I will keep the top posting updated when someone adds a posting to this thread of a change. The banks are posted in no particular order.
The only posts that should be in here are notices of changes in interest rates, new accounts that should be included, and bumps to keep it current. NO TEASER OR SPECIAL PROMO RATES PLEASE. Also, please take a look at the best rates going before you post. Posts that are not at least very close to the top rates will not be included.
ALSO, IF YOU WANT TO KNOW MORE ABOUT ONE OF THE BANKS LISTED HERE OR HAVE QUESTIONS ABOUT THEIR TERMS I SUGGEST YOU LOOK HERE Online Banking Discussion Group
I also suggest you check out the exellent site put together by our own Markber, which is often updated quicker than this thread. ibankdesign.com
2.75% Checking (on first $25,000) $1,000 min balance. Direct deposit required. (was 3.00%, 7/4/03)
2.05% on balance over $2,500 in saving account, $100 min balance, must also have free checking for online access (was 2.25% 3/04)
Bank of Internet
2.11% Money Market (on first $25,000) $1,500 min (was 2.35% 4/15; 2.22 8/11; 2.21 1/19/04)
1.5% Boomer checking No min balance (Must be over 40 years old) (was 1.9% 4/15) (was 1.75% 4/15)
1.75% Senor Checking No min Balance (must be over 50 years old) (was 2.0% 4/15) (was 1.9% 4/30)
Union Federal Bank
2.15% High Yield Money Market Savings, $0.00 min Balance (was 2.36 % 6/03, 2.2% 3/04; 2.1% 9/1/04 )
2.21% eMoney Market (was 2.3% 4/30, 2.2% 11/4/03; 2.1% 1/30/04; 2.15% 11/18/04)
2.25% Saving $1 min balance (Was 2.3% 4/03; 2.2% 5/03; 2.1% 6/03; 2.00% 7/03; 1.8% 8/11/03; 2.0% 6/04; 2.1% 8/04; 2.20 11/18/04)
2.15% APY on at least $5,000 (2.15% 6/30/03; 2.10 8/11/03; 2.01 9/1/04; 2.10 9/10/04)
2.10% High Yield Money Market Savings, $0.00 min balance (was 2.31% 4/30; 2.13% 8/11)
American Bank of the North
2.02% APY Regular Savings ($50 bal. to avoid fee)
2.02% APY Super NOW Account ($1000 bal. to avoid fee)
2.02% APY NOW Account ($500 bal. to avoid fee)
(Saving and Super were 2.52%, NOW 2.02 8/11/03)
Capital One High Yield Savings 2.2% APY, no min bal (2.0 9/1/04; 2.1 10/04; 2.15 11/04)
2.33% Savings $1000 min balance (was 2.3% 4/9; 2.19% 4/17/03; 2.09% 6/15/03; 2.02% 8/11; 1.92% 3/04; 1.99 8/04; 2.02 9/1/04, 2.13 11/04)
Tennessee Commerce Bank
2.0% Saving up to $100k, $250 min balance, one withdrawal per month
PC Banker (American Bank)
1.75% Checking $1,000 min bal (was 1.75% 6/8/03, 1.5% 10/2004)
1.50% Checking: No min balance (Must have a direct deposit and four check card transactions per month to earn interest) Was 2.05% 5/11/03
1.75% MM $1,00 min balance (was 2.10% 8/11/03)
First Internet Bank of Indiana
1.06% Checking $500 min bal (Was 1.31 6/30/03)
1.95% Money Market $4,000 min bal, lim. # of trans(was 2.04% 6/03, 1.86% 3/04)
1.30% Energized Checking ($2,500 min balance) (was 1.5% 6/3/03)
1.00% Checking No min balance (was 1.51% 8/03; 1.4% 11/03; 1.3% 1/04; 1.2 3/04)
2.1% Money Market $500 min balance, limited # of transactions (was 2.0% 1/04; 1.85% 3/04; 1.75% 11/04; 1.95% 12/04)
This thread is NOT for debating the pros and cons of the banks listed herein. It is for FDIC insured accounts ONLY. No CD rates, only checking, saving, and money market accounts. No teaser rates and no accounts with minimum balance requirements over a few thousand dollars.
If there is another bank you want me to add to this thread, or you learn of a rate change, please post in the same format as above so I can just cut and paste. Please only accounts that are open to the general public in most of the United States via an online interface. The bank on the corner does not qualify unless it has online banking and will let someone on the other side of the country open an account there. Same for credit unions.
If the there is a dramatic rate change (CNBT's recent drop in half for example) I encourage you to post a new thread so the casual observer will see it. Just please also post it here.
One more thing. If you are going to flame this thread and say this topic is already posted elsewhere... You are wrong, and your mother does not love you. Same if you are going to post to pat me on the back and say tell me what a great guy I am. I would prefer if you just send money.
If I slack from updating the thread post a bump here. Every post in this thread automaticaly sends me a PM, so I will get it. I will not update the thread daily, but I will check it regularly. I have a life so sorry if this thread is not the most important thing in my life, but I will keep it up as my own little gift to the community.
3/25 - add Presidential requires direct deposit and highligt posting guidelnes)
3/26/03 to add Pentagon FCU, Statefarm Bank, and update netbank MM
3/28/03 Add Ascencia Bank
3/30 Add Boeing Employees FCU
4/2/03 Add zions and virtual, deteted some lower returns, update ING
4/6/03 Add CharterOne, rearange posting so rates are up front.
4/7/03 Add National Interbank, change CharterOne rate so it reflects true rate after promo.
4/9/03 Rate drop at Zions. Thanks Sloppy1
4/10/03 Made thread a FAQ. "You like me, you really really like me."
4/15/03 rate drop at Bank of Internet Thanks MarkM
4/17/03 Zions down to 2.09 from 2.19, thanks Sloppy1
5/2/03 ING down to 2.1 from 2.2, add nexity and GMAC MM
5/11/03 Added Bank of Internet MM
5/12/03 CNBT down to 1.5% from 2.05% I apoloigize to anyone who signed up there.
6/8/03 ING down to 2.0, PC banker down to 1.5%
6/12/03 added MetLife Bank, american bank of the north, netbank MM down to 2.15%
6/15/03 Zions drop to 2.02%
6/30/03 Updated various after fed rate cut.
8/12/03 Updated various after travel and vacation
11/5/03 Virtual bank drop from 2.2% to 2.1%
1/19/04 Bank of Internet MM drop from 2.21% to 2.11%, Netbank 1.3% to 1.2%
4/6/04 Overdue update of Union Federal, Netbank, Nitany, FIB MM, and Zions Thanks all.
6/2/04 ING up to 2.1% from 2.0%
8/3/04 ING up to 2.2% from 2.1%, zions up, added Capital One
9/1/04 Rate increases for metlife, capone, zions, and union fed. Thanks Sloppy + CH
11/15/04 Rate increases at Zions, capone and netbank.
11/18/04 Rate increases at ING and virtual Bank
12/22/04 Rate increases at FirstIB, NetBank, and Zions MM accounts