XB77 said:Question: On the chart on the first page, it looks like there are more listings underneath Fidelity MySmartCash at the bottom (in my view) of the first list. Also when scrolling to the right, I still cannot see all the notes further right. Is there someplace (or somehow) where I can get a complete view of this chart?Switch to Classic view (to the right of the "Search this Topic" box there should be a button labeled "Classic"). FatWallet's Modern view seems to have problems.

rkgtech said:phpld said:rkgtech said:So, since my best account is not as attractive now - FAB&T (rated pretty high on safe banks) and that I don't want to invest my >$50K at westbankiowa - rated pretty unsafe... where can I put my money now to get a rate > 3.6%?

Thanks all - this site is the best (home finance wise).

Keep in mind that with long term CDs you would typically lose 6 months of interest for early withdrawal (check with the institution about this), but after you have been with them for a year or two, you start to have an interest that is high even after early withdrawal. For example, you could try Penfed's 7 year CD with a 4% interest rate. After 1 year you are at 2% if withdrawn early. After two years you are at 3%, and then you increasingly close the gap toward 4%.

Thanks - I am trying to stay away from CDs for now.. so, none of the rewards checking accounts make sense now?

Here is one thing you could do...
Check your state for high yield checking deals here
http://www.highyieldcheckingdeals.com/
Cross reference those banks on Bauer Financial
http://www.bauerfinancial.com/btc_ratings.asp
Then hopefully you can find a bank with a decent rate, and a decent rating.

trouble with these reward checking accounts...it's the same "pattern" just about every time...first great rate..then later gets reduced in rate, tiers, stricter requirements, whatever...so unless you enjoy constantly hopping around a lot...at this point in time, i would stay away from them...i think most banks and cus are starting to realize that these accounts are just not very profitable for them as BancVue (the originator of these accounts) likes to give them the impression that they are....

ThursdaysChild said:I was looking at ShoreBank's 2.15% APY High Yield Savings Account here

until I discovered its ratings at BankFox and the BankDeal review and the Cease & Desist Order mentioned on this (unofficial) Problem Banks list.

meh

They're fully FDIC insured. Unless you've got more than $250k to put in there, you're good for a couple years.

Joejah said:
meh

They're fully FDIC insured. Unless you've got more than $250k to put in there, you're good for a couple years.

tampa47 said:Shorebank drops to 1.95% on November 4th.

Guess that's what I get for speaking up for Shorebank.

are there any rewards checking accounts without the debit card requirements (DD requirement ok)?

Thank you all for responding..

Yes, I have been chasing high rewards checking rates so far. I had taken a 96K out on HELOC at 3.35% so, at these rates it made sense for me to play the spread.. but now, with the rates being ridiculous and also the caps on the high rewards accounts.. I might have to give the HELOC back.. but what if Citibank closes my HELOC account once I return the money to them? Anyone have that experience?

Thanks again!

Delta Community Credit Union MMA dropped to 1.25% on 11/1/09. (as did the tier percentages)

rkgtech said:Thank you all for responding..

Yes, I have been chasing high rewards checking rates so far. I had taken a 96K out on HELOC at 3.35% so, at these rates it made sense for me to play the spread.. but now, with the rates being ridiculous and also the caps on the high rewards accounts.. I might have to give the HELOC back.. but what if Citibank closes my HELOC account once I return the money to them? Anyone have that experience?

Thanks again!

I am in a similar situation - except my HELOC bank has already sent me a letter lowering the limit on my HELOC so if I pay any money back I won't be able to access it at all.. This means that I am now stuck trying to find a good home for ~75K that I am borrowing at 4% (prime +).. this is money that I will prob need in 9-12 months time so I don't want to have it locked away anywhere longterm. any ideas?

Seems that many banks are dropping rates really fast. Bait and switch tactics??? check this one out at Southern Commerce Bank