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Minimal restrictions:
1) Only nationally available liquid accounts

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
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What is the Melrose CU interest rate for savings?

pattyB (Aug. 30, 2014 @ 6:51p) |

No. Melrose's 1.15% rate is for a 1-year CD, which is quite a bit different from a liquid savings account.

The Melrose sa... (more)

iLoveTahoe (Aug. 30, 2014 @ 7:18p) |

GE Capital HYS is showing 0.95% as of August 31, 2014.

gmayer (Aug. 31, 2014 @ 9:15a) |

SJ Prime Rate : 3.25% - Difference from best liquid account: 2.25%
Next FOMC meeting : January 29-30, 2014
Fed Funds Rate : 0.25% - 0%
Fed Funds Rate Prediction 
Broker Call Rate : The current Broker Call Rate is 2.00%

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

D = Debit Card
A = ATM Card

Savings, Checking, and Money Market Accounts:
APY Eff Bank/CU/Other Min Hard Inq Checks Debit Card ACH Orig/Dest FW Link Notes
1.01% 01/15/14 SFGI Direct Savings  $500 N N N Y/Y - $500 min to open. Only 1 external account
1.00% 03/20/14 SalemFiveDirect eOne Svgs  $100 Y N N ?/Y - -
1.00% 01/15/14 Smarty Pig  $0 N N N Y/N fw link  -
1.00% 06/02/14 NBA Savings Account  $25 ? ? ? ? - requires checking account as well
0.95% 05/14/14 Synchrony Bank (as of Jun 14) HYS (formerly "GE Capital Retail Bank"/"MetLife Bank"  $50 ? N ? ?/? - $50 minimum balance to avoid a $5 monthly service charge
0.85% 08/10/14 First Trade Union Bank HYS  $2,500 - - - - - -
0.95% 02/07/14 Incredible Money Market  $0 Y N N Y/Y fw link  0.25%>$250K; $10 fee if balance < $2.5k
0.95% 01/15/14 CIT Bank  $25K N N N Y/Y - 0.90% under $25K, free outgoing wires (only to linked ACH accounts)
0.90% 01/15/14 IGObanking Money Market  $100k N N Y Y/Y - -
0.90% 01/15/14 Evantage Mega MMA  $1 ? Y Y Y/Y - 0.90% only up to $35K, 0.50% on any balance over...
0.90% 01/15/14 Redneck Mega MMA  $1 ? Y Y Y/Y - same product as Evantage, different bank and FDIC id (but same owners)
0.90% 01/15/14 AmericaNet Mega MMA  $1 ? Y Y Y/Y - same product as Evantage, different bank and FDIC id (but same owners)
0.90% 01/15/14 GE Capital HYS  $1 ? N N Y/Y - $1 to open
0.85% 05/02/14 Union FSB MMA  $1 ? N N Y/Y - $2,500 minimum to open
0.90% 01/15/14 Barclays Online Savings  $0 N N N Y/Y fw link  1099-INT available online but a paper copy is always sent in the mail.
0.90% 01/15/14 Sallie Mae MMA  $0 N Y N Y/Y   Sallie Mae FAQs 
0.90% 01/15/14 Bank5 Connect HYS  $10 ? Y Y ?/Y - -
0.87% 01/15/14 Ally Bank Online Savings  $0 N N N - fw link  1099-INT available online but a paper copy is always sent in the mail.
0.85% 01/15/14 Mutual of Omaha Online MMA  $5K N ? ? ?/? - Balances $500,000.01 to $1 million earn 0.38% APY
0.80% 01/15/14 American Express HYS  $0 N N N Y/Y fw link  -
0.85% 01/18/14 FNBO Direct OSA  $1 N N D Y/Y fw link  -
0.85% 01/18/14 Capital One 360 Checking  $100K ? Y Y Y/Y - <$50K 0.2% <100K 0.8% 100K+ 0.85%
0.85% 01/18/14 GE Capital MMA  $25K - - - - - -
0.85% 01/18/14 Colorado FSB OSA  $2.5K - - - - - -
0.85% 01/18/14 Discover Bank OSA  $0 N N N Y/Y fw link  $500 min to open
0.80% 01/18/14 Sallie Mae HYS  $0 N N N - - can link to Upromise w/ 10% Upromise transfer bonus (FAQs )
0.80% 01/18/14 AmTrust Direct MMA  $5K Y** - - - - $5000 to open. A service of New York Community Bank
0.80% 01/18/14 MyBankingDirect MMA  $5K Y** - - - - $5000 to open. A service of New York Community Bank
0.80% 07/30/12 First Internet Bank MMA  $100 ? ? ? Y/Y - $4000 min, else $5/mo
0.80% 01/18/14 Able Banking MMA  $250 - - - - - -
0.76% 03/27/13 Nationwide Bank MMA  1K N Y Y Y/Y - -
0.75% 01/18/14 Capital One 360 Savings  $1 ? N N Y/Y fw link  -
0.75% 09/04/10 Bank of Internet MM  $1 ? Y Y N/Y fw link  $100 to open, no fees
0.75% 03/01/11 Ally Interest Checking  $15k ? Y Y Y/Y fw link  0.40% APY for balances < $15k
0.74% 09/28/11 Century Bank Direct MMA  $1K N Y Y N/Y fw link  only 3 free withdrawals/month
0.71% 05/28/13 Bank of Internet HYC  $1 ? Y Y Y/Y - $500 to open, $5000 minimum balance to avoid $7.50/mo fee
0.70% 02/06/13 Alliant CU Savings  $5 Y N A Y/Y fw link  If<$100,0% APY; deposit scanned checks witheDepositPlus 
0.70% 01/18/14 Clear Sky SA  $1 - - - - - -
0.66% 08/07/13 Incredible Checking  $0 Y N Y Y/Y fw link  0.25%>$250K; $300 minimum else $5/mo
0.65% 06/13/12 Amboy Direct Savings  $100 N N N Y/N* fw link  No ACH pull; $5 monthly fee if balance <$100, $300 min to earn interest
0.65% 02/06/13 Alliant High Rate Checking  $1 Y Y D Y/Y fw link  Rate requires paper statements opt-out & 1 monthly electronic deposit.
0.65% 03/27/13 One United  $25K N N Y Y/Y fw link  Int. quarterly. $25K+ 0.65%,$1k-24,999.99 earns 0.6%
0.65% 06/12/13 State Farm MMA  - - - - - - $100K
0.61% 08/01/14 Everbank YieldPledge MMA  $1500 Y N N Y/Y fw link  1.01% first year APY for new accts
0.61% 05/28/13 Bank of Internet HYS  $0 N N Y N/Y fw link  -
0.60% 09/06/13 Bank X SA  $1 ?** Y** - N/N - $100 min to open, no ACH in or out, but can use free BankX checking acct to do ACH through
0.55% 06/13/13 Savings Square SA  $1 N N N Y/Y fw link  -
0.55% 01/18/14 Dollar Savings Direct  $1K N N N - fw link  1% < $1K, no fees, no ACH pull
0.55% 07/30/12 First Internet Bank Check  $500 ? Y D Y/Y - $10/mo under $500
0.54% 01/18/14 Century Bank Direct Checking  $100 N Y Y N/Y fw link  5 ATM surcharges rebated per month
0.50% 01/18/14 TIAA-CREF Money Market  $0 ? Y ? ?/? fw link  No new accounts accepted, max $5000/day ach out
0.50% 01/18/14 Presidential Bank SA  $0 Y Y Y Y/Y fw link  $5K to open, >$35K = 0.25%
0.50% 01/18/14 CalFirst Bank MM  $5K ? Y A N/Y - $20/mo fee if bal < $5K or no charge if balance >$5K on all CalFirst accounts
0.50% 12/12/12 Emigrant Direct  $1 N N N Y/N* fw link  No ACH pull
0.45% 06/18/13 Zions Bank  $2500 N Y Y Y/Y fw link  -
0.40% 01/18/14 TIAA-CREF Savings  $0 ? ? ? ?/? fw link  No new accounts accepted
0.40% 01/18/14 eloan Savings  $100K N N N Y/? fw link  $5K open. no min. $100/mo deposit
0.25% 01/18/14 State Farm Int. Checking  $2500 - - - - - -
0.25% 01/18/14 Salem Five eOne Checking  $0 N Y Y N/Y fw link  -
0.20% 01/18/14 Delta Community CU MMA  $1k ? N A ?/? - 0.28% > 25k, 0.30% > 50k, 0.33% > 100K. Free ATM card.
0.25% 01/18/14 IGObanking Savings  $1 N N N Y/Y fw link  -
0.20% 01/18/14 UFB Direct MM  $0 N N N N/Y fw link  Remote deposit using PC/Scanner

**When creating the table, it was unclear what column this went in, so I defaulted to the first. 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
3.00% 02/02/13 First Financial Bank  $0 ? 15K 12 T fw link  15K , 0.61% APY ( We are currently not accepting applications outside of our existing market area )
2.55% 06/03/11 Coulee Bank  $0 N 15K 10 T fw link  0.30% APY (only for applicants residing in Wisconsin, Minnosota and Iowa)
1.5% 01/15/13 AmericaNet Bank  $0 N 10K 10 0 fw link  0.75% APY
1.5% 01/15/13 Redneck Bank  $0 N 10K 10 0   10K , 0.75% APY
1.5% 01/15/13 Evantage Bank  $0 N 10K 10 0 fw link  10K , 0.75% APY
1.75% 06/03/11 Connexus CU  $0 ? 25K 10 T fw link  25K , 0.50% APY
1.746% 1/01/13 Provident CU  $0 ? 25K 10 T fw link  25K , 0.31% APY
1.520% 1/15/13 First New England FCU  $0 Y 15K 12 T fw link  0.25% APY (2.539% rate with auto loan or mortgage)
1.51% 06/03/11 State Bank of Toledo  $0 ? 25K 10 T fw link  25K , 0.50% APY
1.26% 06/03/11 https://www.wtnb.com/  $0 ? 25K 10 T fw link  25K , 0.25% APY

Accounts not insured by the FDIC or NCUA:
Hard APY   Debit Eff   ACH Product   Min Inq. Checks Card Orig./Target  FW link Notes
1.11% 8/13/12 Duke Energy PremierNotes  $1000 N Y N Y/Y - BBB+ /Baa2 ratings, <$10K 1.11%, $10K - $50K 1.31% >$50K 1.51%
1.06% 11/21/11 Ford Interest Adv Note  $1000 N Y N Y/Y - CCC /B3 ratings, <$15K 1.06%, $15K - $50K 1.16% >$50K 1.26%
1.00% 11/21/11 GE Interest Plus Note  $500 N Y N Y/Y - AA /Aa2 ratings, $25 bonus, <$15K 1.0, $15K - $50K 1.11, >$50K 1.05
0.90% 07/24/10 Cat Fin Power Investment  $250 N Y N N/N - A/A2 ratings,1.00%/1.15% avaliable for larger balances
0.01% 01/18/14 Fidelity Select MMF  $2.5K N N N NA/NA fw link  Min. at Fidelity

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.]

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should be APY

EDIT: fixed.

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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.

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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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Green for the fixed width font QS.

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lhendricks92 said: 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?


Let's treat each tier as its own line.

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mhesidence said: 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.


There's a limited number of withdrawals per month with WAMU? I just checked their website and I couldn't find anything limiting the number of transactions.

WaMu Online Savings Information

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asdf9876 said: lhendricks92 said: 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?


Let's treat each tier as its own line.


I could see two or three teirs, but SECU has six tiers. $500K+, that's just silly.

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Jobowoo said: mhesidence said: 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.


There's a limited number of withdrawals per month with WAMU? I just checked their website and I couldn't find anything limiting the number of transactions.

WaMu Online Savings Information


If you go deep enough into the application process you'll see it in the terms and conditions. Its a federal regulation. See here.

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you can get around the 6 rule, by doing transfers at a WAMU atm, or using a teller, because those are exempt from the "6 rule"...

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craig10x said: you can get around the 6 rule, by doing transfers at a WAMU atm, or using a teller, because those are exempt from the "6 rule"...Are you sure? What's the difference if I use the ATM, teller, or the website?

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scripta said: craig10x said: you can get around the 6 rule, by doing transfers at a WAMU atm, or using a teller, because those are exempt from the "6 rule"...Are you sure? What's the difference if I use the ATM, teller, or the website?

because those (atm transfers or teller transfers) are exempt from the federal rule..if you do the transfer online or on the phone, it is subject to the 6 rule...i'm sure they mention it in the fine print somewhere...probably the electronic funds disclosure section...

That applies to ALL SAVINGS and MONEY MARKET ACCOUNTS with ANY BANK or CU....the federal rule does not apply to Money Market Funds (which are not fdic insured).....

Of course, some banks will impose their own additional set of rules on an account...i think BOA is very tight on how many savings accounts transfers/withdrawals you can do each month (no matter how they are done)but that's BOA.. BOA does allow the normal "fed" rule for their money market accounts, though...i know WAMU doesn't do that (add extra restrictions) because i use to bank with them...

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Hmm, you mean your accounts actually LIMIT how and how often you can get at your money? And they don't pay the highest rate in the land to hold on to your money? That's very strange.

Of course, to earn the highest rate in the land, my bank forces me to make 10 debit card transactions every month, so I suppose yours can limit how often you get at your money in exchange for paying you less. Why do they make banking so complicated?

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Decided to add SECU Advantage MM as one line with a note. 100K+ has an APY of 5.1%.

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lhendricks92 said: Decided to add SECU Advantage MM as one line with a note. 100K+ has an APY of 5.1%.
You can request one free box of checks per year for Advantage Money Market Accounts.

Also, it is very important to note that for this account, balances under 25K earn NO interest.

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Added e-trade.

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mhesidence said: Added e-trade.Did you notice the $2.5 billion capital infusion from Citadel Investment Group here? Would you still say they have liquidity problems?

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ThursdaysChild said: mhesidence said: Added e-trade.Did you notice the $2.5 billion capital infusion from Citadel Investment Group here? Would you still say they have liquidity problems?

Removed the link to the liquidity problem topic and added note of $25 account opening bonus.

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decent investment for etrade

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Added UFB Direct. New rate leader after SBoT lowers it rates? UFB hasn't lower its rate since the Fed started dropping rates.

	
 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	 Debit 	  	  ACH	
APY 	  Bank 	  	  	  	  	  	  	  	  	  	  	 Min 	  Checks 	 Card 	 Orig./Target FW link 	 Notes	
5.31% UFB Direct 	  	  	  	  	  	  	  	  $1 	  	  	 no 	  	 yes 	  	  no/yes 	  	 fw link

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mhesidence said: Added UFB Direct. New rate leader after SBoT lowers it rates? UFB hasn't lower its rate since the Fed started dropping rates.

                                              Debit     ACH
APY   Bank                      Min   Checks  Card  Orig./Target FW link  Notes
5.31% UFB Direct                 $1      no    yes     no/yes    fw link
The rate lowering at SBoT is still in its rumour stages ... but even the rumoured rate change is higher than this for the first $70,000, right?

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DavidScubadiver said: mhesidence said: Added UFB Direct. New rate leader after SBoT lowers it rates? UFB hasn't lower its rate since the Fed started dropping rates.

                                              Debit     ACH
APY   Bank                      Min   Checks  Card  Orig./Target FW link  Notes
5.31% UFB Direct                 $1      no    yes     no/yes    fw link
The rate lowering at SBoT is still in its rumour stages ... but even the rumoured rate change is higher than this for the first $70,000, right?


I saw 5.25% APR and 5.38% APY. That APY looks odd I'd thinking it'll be 5.25% APY. We'll see. UFB will problaby drop its rate since it hasn't yet.

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DavidScubadiver said: mhesidence said: Added UFB Direct. New rate leader after SBoT lowers it rates? UFB hasn't lower its rate since the Fed started dropping rates.

                                              Debit     ACH
APY   Bank                      Min   Checks  Card  Orig./Target FW link  Notes
5.31% UFB Direct                 $1      no    yes     no/yes    fw link
The rate lowering at SBoT is still in its rumour stages ... but even the rumoured rate change is higher than this for the first $70,000, right?


Well if we allow SBoT to stay with the $70K limit, shouldn't we add all the banks that are still 6% but with lower limits?

Where do we draw the line on what is too low? I mean I (and I bet many others) rarely keep more than $25K in checking anyway.

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Add whatever you like. SBot has not yet confirmed the tier AFAIK.

Skipping 4106 Messages...
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GE Capital HYS is showing 0.95% as of August 31, 2014.

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