Quicksummary has been updated.

Please note, I have bumped the minimum rate to 5% as the general "cutoff" for discussion in the current rate environment.

Just opened a savingslink at Countrywide. Pretty smooth process. Decided not to wait until external accounts were added and fed-exed a check on Thursday. It was signed for yesterday and shows in the account this morning. Trial deposits haven't even appeared yet in linked accounts so I'm glad we funded by mail.

It seems as if this bank is winning the rate war for now, though I hope my other banks will follow.

scott1961 said:didYOUsearch said:Quicksummary has been updated.

Looks like you you need another update, Patelco up to 5.56% APY. Beating my Libor account

yowser

good time to be in cash. Got my first 6%+ CD yesterday. 12 month 6.10%

WHERE?

QuickSummary updated - 6% rates now available!!!!!

If I read it correctly, it's 1% regular rate so this would be good for 3 months only (but hey, another way to look at it is a guaranteed rate for 3 months). What concerns me is that Dime is not exactly very straightforward about their account offerings (on their website).

True, I just noticed. But as far as I'm concerned, that thread never went anywhere. For the mailing list promotion that was available a few months ago for 6%, I don't know if many people actually got an offer (maybe locally targeted?). I didn't see many (or any?) posts in that thread about people receiving an offer code from the list. That made me a little suspicious/paranoid about their offers. Of course, we may have just misused/misunderstood the offer in the first place.

mariojm said:True, I just noticed. But as far as I'm concerned, that thread never went anywhere. For the mailing list promotion that was available a few months ago for 6%, I don't know if many people actually got an offer (maybe locally targeted?). I didn't see many (or any?) posts in that thread about people receiving an offer code from the list. That made me a little suspicious/paranoid about their offers. Of course, we may have just misused/misunderstood the offer in the first place.I never received a promo code.

The thing is that you no longer NEED a promo code. I signed up for my account today and funded it with $20K. Another $80K will follow as soon as they've completed the initial funding.

DaveHanson said:Would USAA's MM account meet your requirements, OP? It's up to 5.01% for >$50K, plus an additional percent for 6 months for new accounts...

Of course, this isn't a very timely post, as it closed a week ago to new non-military members....sorry about that! But then again, lots of FW members are already customers, and may not realize what excellent rates can be had there.sure !

CleverNickname said:Tennesse Commerce Bank, Investor's Money Fund, $250,000 minumum, 5.75% APY--tied to the 6 month T-Bill!

1 withdraw per month, ACH, check, wire all available

linky

Get the same deal except 5.22% for $10,000.

Note that for the following folks, it generally may make more sense to directly invest in the T-bills as compared to the $250k account: (this is valid for current yields)

1. if you itemize federal taxes, and your state tax rate is > 6.4%
2. if you don't itemize, and are in 15% bracket, and your state tax rate is > 5.4%
3. if you don't itemize, and are in 25% bracket, and your state tax rate is > 4.8%
4. if you don't itemize, and are in 28% bracket, and your state tax rate is > 4.6%
5. if you don't itemize, and are in 33% bracket, and your state tax rate is > 4.3%
6. if you don't itemize, and are in 35% bracket, and your state tax rate is > 4.1%
7. if you believe the fed will keep raising the fed funds rate

Another interesting side note is that the bankdeals guy was told that the rate is the same if the minimum is not met, so presumably you could fund the account with $250k and then go below in the future.