Green for the fixed width font QS.

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

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.

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?

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?

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.

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?

decent investment for etrade

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

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

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.