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Sick of the restrictions placed on the Best current APY/APRs: The Daughter of The Mother - Checking, Saving, and Money Market: All Liquid Accnt Interest Rates! ?

Minimal restrictions:
1) Only nationally available liquid accounts

Message edited by: mhesidence on 2008-04-26 18:07:22 CDT
Moderator Comment: At the request of the finance community, this thread is now replacing Best current APY/APRs: The Daughter of The Mother - Checking, Saving, and Money Market: All Liquid Accnt Interest Rates! --VBMcGB — Apr. 28, 2008 @ 6:14am

WSJ Prime Rate: 3.25% - Difference from best liquid account: 0.15%
Next FOMC meeting: April 29 2009
Fed Funds Rate: 0.25% - 0%
Fed Funds Rate Prediction

MMA = Money Market (Savings) Account
OSA = Online Savings Account
HYS = High Yield Savings (Account)
SA = Savings Account

Savings, Checking, and Money Market Accounts:

Hard Debit ACH
APY Eff. Bank/CU/Other Min Inq. Checks Card Orig/Target FW link Notes
2.30% 06/09 Tenn Commerce Bank Svgs $250 ? ? ? ?/? 1.50% > $100k
2.25% 06/08 Wilshire SB eLink Savings$500 ? N Y Y/Y Requires checking acct. $5/mth if <$500. $30 if closed w/in 180 days.
2.25% 06/30 Delta Community CU MMA $100k ? N ? ?/? 2.1% > 50k, 2% > 25k, 1.75% > 10k, 1.5% > 1k
2.17% 05/20 Corus Bank Ultimate MMA $10K N Y A N/Y $100 open. $10K avoid $25/mo
2.06% 06/28 FTUB High & Mighty Savings$10 ? N N $2.5k to open, 0.5% < $2.5k, $2.50 monthly fee if <$250
2.06% 05/18 Bank of Internet HYS $0 N N Y N/Y fw link $100 to open, no fees
2.05% 05/21 ShoreBank OSA $1 N N N Y/? fw link
2.05% 04/16 Danvers Bank $1 N/Y Online Savings account. $1 min to open
2.00% 07/01 Alliant CU Savings $5 Y N A Y/Y fw link If<$100,0% APY; deposit scanned checks with eDepositPlus
2.00% 06/27 Union FSB Money Market $1 N N N Y/Y fw link
2.00% 06/19 Ally Bank Online Savings $0 N N N Y/Y fw link Paper statements OR online statements. (new GMAC Bank name)
2.00% 06/08 Nationwide Bank MMA 1K N Y Y Y/Y
2.00% 06/14 CNB Bank Direct OSA $0 Y N N Y/Y fw link $1 min to open
2.00% 06/04 Flagstar Express MMA $0 Y Y Y Y/Y fw link
2.00% 06/01 Savings Square SA $1 N N N Y/Y fw link
2.00% 04/27 DollarSavingsDirect SA $1K N N N Y/N* fw link 1% < $1K, no fees, no ACH pull
2.00% 04/25 OneUnited Bank E-Savings $1K N N Y Y/Y fw link Int. quarterly.
2.00% 04/22 Evantage Bank Mega MMA $0 N N D Y/Y 3.10% up to $35k. Remainder 1.00%.
2.00% 04/22 AmericaNet Bank Mega MMA $0 N N Y Y/Y 3.10% up to $35k. Remainder 1.00%.
2.00% 04/22 Redneck Bank Mega MMA $0 N N Y Y/Y 3.10% up to $35k. Remainder 1.00%. Not accepting new accounts.
2.00% 06/16 AMEX HYS $0 ? ? ? ?/?
1.95% 06/28 Chesapeake Bank OSA $1 N N N Y/Y fw link 50K wthdrw/100K dpst /day. Not currently opening new accts
1.95% 05/20 Amegy Bank MMA $1K N N Y N/Y $12/fee<$1K, 1.90%,1K-10K, 2.10%,10K - <100K, 2.15% >100K
1.91% 06/28 IGObanking Savings $1 N N N Y/Y fw link
1.90% 06/08 Umbrella Bank SA $100 Y N N Y/? fw link 2.10% > 25K 2.15% > $75K
1.90% 06/08 Umbrella Bank MMA $1K Y Y Y Y/? fw link 2.10% $10K-$50K, 2.15% > $50k
1.87% 06/15 Zions Internet MMA $2500 N Y Y Y/Y fw link
1.85% 06/12 Ally Bank Money Market $0 N Y D Y/Y fw link (new GMAC Bank name)
1.80% 06/16 Newtown Bank U-Sweep $0 N N N Y/Y mail/fax application
1.80% 06/05 Capital One Costco SA $10K N N N Y/Y fw link $5K to open, no fees, no minimum balance, $20 or $60 bonus
1.80% 06/08 Apple Bank Grand Yield $1 N N N Y/Y fw link $2500 to open
1.79% 03/31 Century Bank Savings $100 N N N N/Y fw link Only 3 free withdrawals/month
1.76% 06/08 Giant Bank MMA $1K ? Y N Y/Y Min. 1K to open, < 1K = 0%
1.76% 04/02 WT Direct Savings $10K N N N Y/Y 0.50% < $10K, no fees
1.75% 07/01 Alliant High Rate Checking $1 Y Y D Y/Y fw link Scanned check deposits available with eDepositPlus
1.75% 07/01 PNC Virtual Wallet - Growth$0 N Y Y Y/Y 1.75% up to $25k. >$25k .50%. Must open with package
1.75% 06/05 Capital One SA $10K N N N Y/Y fw link $1 to open, no fees, no minimum balance
1.75% 05/30 Presidential Bank SA $0 Y Y Y Y/Y fw link $5K to open, >$35K = 1.5%
1.70% 03/23 Bank of Internet MM $1 ? Y Y N/Y fw link $100 to open, no fees
1.69% 03/31 Century Bank Direct MMA $1K N Y Y N/Y fw link only 3 free withdrawals/month
1.65% 04/06 Everbank YieldPledgeMMA $1.5k N N N Y/Y fw link Intro. 2.51%, $4.95/mo < AVG $1.5K
1.6% 06/28 Doral Bank Direct $1K ? ? ? ?/? fw link Limited by region.
1.60% 06/05 Capital One Costco MMA $100 N Y Y Y/Y fw link $1K to open, no fees, no minimum balance, $20 or $60 bonus
1.60% 06/05 Countrywide SavingsLink $50K N N N Y/Y fw link <$10K 1.05%, $10K-$50K 1.50%
1.56% 06/19 E-Loan Savings Plus $100K N N N Y/? fw link $5K open. no min. $100/mo deposit
1.55% 05/19 Emigrant Direct $1 N N N Y/N* fw link No ACH pull
1.55% 05/15 HSBC Direct OSA $1 N N D Y/Y fw Link
1.51% 04/02 Amboy Direct Savings $1 N N N Y/N* fw link No ACH pull; $5 monthly fee if balance <$100
1.5% 06/28 Indymac E-MMA/OneWest $100K N N N Y/Y fw link $7 fee < $1K, 0.75% < $10k, 1.25% $10k-$25k, 1.5% $25k-$50k, 2% $50k
1.50% 06/22 FNBO Direct OSA $1 N N D Y/Y fw link
1.50% 03/28 Salem Five eOne Checking $0 N Y Y N/Y fw link 50K to <100K = 1.60%
1.40% 07/03 ING Direct SA $1 ? N N Y/N fw link
1.50% 03/28 AmTrust Direct e-savings $1 Y N N Y/Y fw link
1.50% 06/17 Citi Ultimate Money $0 N N N Y/Y fw link Must have Citi checking
1.45% 03/31 Century Bank Checking $100 N Y Y N/Y fw link 5 ATM surcharges rebated per month
1.43% 06/08 Venture Bank Direct SA $0 N N N Y/Y fw link
1.40% 06/17 Citi Ultimate Savings $0 N N D Y/Y fw link
1.40% 05/06 Capital One HiYield MMA $1 N Y Y Y/Y fw link $1 to open, no fees, no minimum balance
1.35% 04/29 Schwab Investor HYS $1 ? N Y Y/Y fw link ATM Refunds, free ACH by phone (not online). No brokerage req'd.
1.20% 03/28 SECU Advantage MM $25K N Y D N/Y fw link
1.05% 03/06 UFB Direct Traveler Svng $500 Y N A N/Y fw link 500 AA miles; up to $4.50/stmt ATM reimb
1.02% 03/06 EverBank FreeNet Checking $1 Y Y D Y/Y Higher rates $10K ; introductory 3-month rate 3.76% 10K and up 2.01%
1.01% 03/26 Virtual Bank $1 N N N Y/Y $10k-<$25k 1.66%, $25K-<$50K 1.87%, $50K-<$100k 2.12%, >100K 2.28%
1.00% 03/28 Sovereign Bank MM $0 N Y N N/Y 10K to <25K=1.50%, 25k to <75K=1.75%, >75k=2.00%, $10 to open
1.00% 03/06 BankMutualDirect $25K Y N N Y/Y $125/mo if bal < $25K!
0.95% 05/11 E*Trade Complete Savings $1 N N N Y/Y fw link
0.75% 04/29 Schwab Checking $0 Y* Y Y Y/Y fw link 2nd hard inq. w/ margin
0.75% 03/28 E*Trade MaxRate Checking 5K Y Y Y Y/Y fw link 0.05% < $5K, $100 to open 5K minimum to avoid $15/mo fee
0.75% 03/13 WaMu Online Savings $1 N N N Y/Y fw link Run by JP Morgan Chase since 9/25/08
0.50% 05/07 OnBank MM Savings $1 N N N Y/Y
0.50% 04/17 Provident Direct $1 N N A Y/Y fw link limits on transfers. see thread.
0.25% 03/28 ING Elec Orange CH $1 N? Y D Y/Y fw link 50K to <100K 1.60%; $100k up 1.65%
0.20% 04/27 Fidelity mySmartCash $0 N Y Y Y/Y fw link Higher APY with FSLXX, ATM rebates
0.02% 03/28 Wachovia MMA $1K Y? N N Y/Y $2.5K to avoid $10/month fee. Rate@10K varies by Zip

 

Reward Checking Accounts:

Most Reward Checking accounts have a cap on the balance that earns their high yield. Any balance above that cap will earn a much lower yield, typically 1.01% APY. They also have stringent requirements that must be met during each statement cycle, such as 10 debit card transactions, 1 direct deposit or other ACH transaction, receiving e-statements, and logging into on-line banking at least once. Not meeting the requirements for a statement cycle usually nullifies other features that might apply, such as ATM rebates, and drops the yield drastically, typically to 0.25% APY. Click on a link below or on Reward Checking Accounts (High Yield and Available to All) for details regarding a specific account.



APY Eff Bank/CU/Other Min HInq HY Cap Debits ACH FW link Notes

4.04% 07/01 Coulee Bank $0 ? 25K 10 ? fw link 25K , .51% APY
4.02% 04/15 Heartland Community Bank $0 ? 30K 10 T fw link 30K , 1.31% APY
4.01% 05/01 Charter Bank $0 N 25K 13 T fw link 25K , 1.01% APY
4.01% 04/01 Provident CU $0 ? 25K 10 T fw link 25K , 1.01% APY
4.00% 05/06 AmericaNet Bank $0 N 10K 10 0 fw link 10K , 1.00% APY
4.00% 05/06 Evantage Bank $0 N 10K 10 0 fw link 10K , 1.00% APY
4.00% 05/06 Redneck Bank $0 N 10K 10 0 fw link 10K , 1.00% APY
3.65% 05/01 First New England FCU $0 Y 20K 12 T fw link 20K , 1.25% APY
3.51% 07/20 Connexus CU $0 ? 25K 10 T fw link 25K , 0.75% APY
3.50% 04/02 The Bank of Fayetteville ? ? 50K 10 T fw link 50K , 1.01% APY
3.01% 03/20 State Bank of Toledo $0 ? 70K 10 T fw link 70K , 2.21% APY
2.01% 04/21 West Texas National Bank $0 ? 25K 10 T fw link 25K , 0.85% APY

?.??% 02/05 1st Arkansas Bank & Trust $0 N 50K 10 O/T fw link 50K , 1.76% APY
?.??% 00/00 Coastal Federal CU $0 N 50K 12 T fw link 50K , 0.60% APY

Accounts not insured by the FDIC or NCUA:


Hard Debit ACH
APY Eff. Product Min Inq. Checks Card Orig./Target FW link Notes

2.99% 06/01 Ford Interest Adv Note $1000 N Y N Y/Y CCC /B3 ratings, 3.14%/3.30% avaliable for larger balances
2.38% 05/10 GE Interest Plus Note $500 N Y N Y/Y AA /Aa2 ratings, $25 bonus, 2.53%/2.68% avaliable for larger balances
2.28% 05/18 Cat Fin Power Investment $250 N Y N N/N A/A2 ratings, 2.43%/2.58% avaliable for larger balances
0.76% 05/23 Fidelity Select MMF $2.5K N N N NA/NA FSLXX; Min. at Fidelity
0.67% 05/23 Fidelity Cash Resrv MMF $2.5K N N N NA/NA FDRXX; Min. at Fidelity
0.53% 05/22 Vanguard Tax-Exempt MMF $3.0K N N N NA/NA VMSXX; Fed Tax-exempt.
0.44% 05/22 Vanguard Prime MMF $3.0K N N N NA/NA VMMXX
0.39% 05/22 Vanguard Federal MMF $3.0K N N N NA/NA VMFXX
0.34% 05/23 Fidelity Municipal MMF $2.5K N N N NA/NA FTEXX; Fed Tax-exempt.
0.26% 05/22 Russell MMF $1 N N N NA/NA RMMXX

You can invest in a Money Market Fund (designated with MMF on this list) through various brokers, including on-line discount brokers. Use this APY calculator to convert the MMF's 7-day Yield to an APY based on daily compounding for comparison with other products in this Quick Summary. The MMF APY is converted from the 7-day Yield in the ticker link in the notes column. A Tax-exempt fund is one for which proceeds are not considered taxable income by the IRS. To convert a tax-exempt yield to it's comparative taxable yield, use this calculator.


[Mod Note: This newer thread is replacing this previous one. This is the only link to the old thread that should be in the QS. Please do not add a duplicate link. Thank you.]

Message edited by: cashguy12 on 2009-07-03 07:50:38 CDT

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should be APY

EDIT: fixed.

Message edited by: lhendricks92 on 2008-08-04 13:08:42 CDT
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Let the revolution begin.

Salem Five's top tier checking account is still 5.1% but requires $100K. But anything goes, right?


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asdf9876 said:Let the revolution begin.

Salem Five's top tier checking account is still 5.1% but requires $100K. But anything goes, right?

Doesn't even have to be FDIC insured, but that should probably be noted.


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I added Fidelity's new bank product. The interesting aspect it offers is the ability to buy Fidelity's money market mutual funds in the account. It will automatically sells shares to cover a withdrawal.


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UFB Direct 5.31%

I'd add this, but I have to scroll left and right in the QS and I don't want to mess around and edit/change it, if that's how you want it.


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I like the QS layout; much easier to glance than its other relative threads.


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To whomever added the WAMU savings account, this thread is for liquid accounts, not accounts with a maximum number of monthly transactions and no check writing capabilities. There is another topic with savings accounts with high APYs.
edit: looking at these, many of the links are for online savings accounts. Is this a thread for high yield checking accounts or savings accounts? to me, a 'liquid account' is one that allows more than 6 monthly transactions.

Message edited by: theman2 on 2007-11-21 01:33:42 CST
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theman2 said:To whomever added the WAMU savings account, this thread is for liquid accounts, not accounts with a maximum number of monthly transactions and no check writing capabilities. There is another topic with savings accounts with high APYs.

All "savings" accounts are limited to 6 withdrawals/months (as in WAMU, FNBO Direct, Emgrant Direct, ING direct, and Apple Grand Yield all listed above). They are still considered "liquid" unlike say CD's which don't allow any withdrawals unless you break the CD and pay a penality or the term ends.


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Ive always thought of a liquid account as ANY MM, checking, savings, liquid CD etc that allows deposits and WDs. They can cap the max # of transactions and still be liquid


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can the quick Summary be edited to include a "Date last edited" column so we know how up to date the numbers and notes are?


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SUCKISSTAPLES said:Ive always thought of a liquid account as ANY MM, checking, savings, liquid CD etc that allows deposits and WDs. They can cap the max # of transactions and still be liquidFair enough. I'm still enamored with the fidelity mycash account since I don't have to worry about exceeding my 6 monthly transactions or maintaining the balance in my checking account. If you have the time and energy to deal with a higher yield savings account and a linked checking account, more power to you.


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What happened to ELOAN?


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Patelco Treasury Income Account $25,000.00 5.19% 5.09% Could be included and noted as no FDIC/NCUA


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scott1961 said:Patelco Treasury Income Account $25,000.00 5.19% 5.09% Could be included and noted as no FDIC/NCUA

That doesn't look very liquid. semi-liquid? FW disscution of Treasury Income Account here.


You must notify us six months in advance if you want to withdraw funds from this account or to close it, or the withdrawal or closure will be subject to penalty. You have ten days after the date you schedule for a withdrawal to make the withdrawal without penalty. If you do not withdraw your funds within 10 days of the scheduled withdrawal date, you must give us a new six-months’ notice. Only one notice can be in effect at a time. Withdrawals without notice will result in the following penalties: (a) if funds are withdrawn within six days after you open the account or add to it or make a withdrawal from it, the penalty will be seven days’ dividends on the entire balance; (b) if funds are withdrawn after more than six days but prior to any noticed withdrawal date, the penalty will equal the dividends earned, up to six months dividends, on the amount withdrawn. The stated APY assumes dividends will remain in the account for at least six months. Earlier withdrawal will reduce earnings. Early withdrawal penalties are waived in certain circumstances (see Early Withdrawal Penalties; 8 Waiver of Penalties above).

You can schedule authorized monthly payments out of this account to you, either in the form of a check payable to you and mailed to you or a transfer to your Tiered Savings Account. The monthly payment cannot equal more than 1/6 of the balance in the account. You can change the amount of the monthly payment only twice a year.


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4.5% for HSBC Direct


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kbiekert said:4.5% for HSBC Direct

Added HSBC Direct and also Courus Bank's Ultimate Money Market Account as seen on bank guy's blog here.


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Salem Five also offers 4.70% for accounts less than 100K, FYI, with the same other features


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SECU Advantage Money Market Savings

For tiered rates, how should we post in the QS? A separate line for each tier (maybe key tiers?) or just add a note to the end?


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