AugustFour said:ohtrap said:Another satisfied customer , I have oppened an account , very smooth process and I didn't loose a single days interest.
Also in HSBC you loose somewhere between 2 to 4 days of interest ( there is a thread which talks about how to optimized in HSBC) ...

Where's the thread at?

Thanks!

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Does anyone know the routing number of the amboy esavings bank ?
I called the CSR , she told me that I can't do ACH in other than from my linked account.
Anyone successfull in doing ACH in from external account other than the checking account linked with Amboy Direct?

Great! I have been touting this bank all the time, seems it doesn't aquire enough attention....


stfs said:Just received the monthly statement and get a pleasant surprise. It turns out that it's 5% interest rate but 5.12% APY so the account is 1.12% not 1.00% APY more than those with 4.00% APY. With the super speedy account open process and linked account established at the same time to boot, the argument on jumping thru hoops to chase high yield doesn't seem to be applicable here since there's virtually no hoop(ie. time to open the account or loosing interest) and the yield is pretty good considering! 3 months totally liquid fund for 5.12%.

ohtrap said:ohtrap said:I tried again today , got a new CSR ..
She said yes in-cooming ACH from non-linked account should work.
Routing number is 021204416

I tried to link it from HSBC .. according to HSBC Amboy has refused to accept the small desposite ( HSBC verification) so it seems we can't link the HSBC abd AmboyDirect.

I called again , initially they told me that it should work .. but then the Maneger told me no for MMM account its not possible.

Can't you do it in the other direction, i.e. link the HSBC account from the AmboyDirect account?
For existing customers, how many external accounts does AmboyDirect allow to be linked ? (e.g. ING has a limit of max 3 external accounts)

ohtrap said:Amboy only allow you to link one checking account where you need to send a void check.

( HSBC savings is not an option)
Most probably I will link the HSBC checking as soon as my checking account is opened in HSBC.

From the description of the opening procedure for the MoneyMarketMaximizer: an account can be opened by Internet making an initial deposit and then verifying the two small deposits in your checking account. Do you still need to physically send a voided check? I interpret this description as an Internet-exclusive procedure, so using an HSBC savings should work (since it has a routing number). When ING was allowing linking external accounts online, they also describe in words that only checking accounts could be linked, but people had no problem linking HSBC savings accounts.

ohtrap said:You can do that only with when you are opening the account ( I did that and linked my ing account) but now I want to change as I want to transfer from my HSBC savings account.
The problem is not in HSBC site , its that Amboy direct MMA doesn't accept incoming ACH if it is not linked account.
Even I asked for direct deposite from payroll they will not accept that also.

Got it. Thanks, ohtrap!

I call that 'common sense'

So this is basicly the same 3 month deal as everbank.

Which should I go with ?

Yeah, I have more than $30k right now. Lots more.

Cant find stocks Im comfortable with.

Bought one REIT thats up about 20% in a few months and still yields about 6%.

But, cant find others with multiple significant insider buys so Im stuck trying to maximize my cash.

Oh, and I also have $93k out on 0% credit card offers.

crix2001 said:fw201 said:So this is basicly the same 3 month deal as everbank.

Which should I go with ?

I assume you have over 30K to deposit? Then Amboy might be better, since they have a higher rate after the 3 month promotional period...

Yeah, but the hassel factor is worth something. Thats why I was so disapointed with ING not staying competitive after I get comfortable with them.

Boiler said:crix2001 said:fw201 said:So this is basicly the same 3 month deal as everbank.

Which should I go with ?

I assume you have over 30K to deposit? Then Amboy might be better, since they have a higher rate after the 3 month promotional period...

After 3 months, go to Everbank, or whoever has higher teaser rate...