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
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
WSJ Prime Rate: 5.00% - Difference from best liquid account APR: 1.25%
Next FOMC meeting: Sept. 16th
Fed Funds Rate: 2.00%
Fed Funds Rate Prediction
Savings, Checking, and Money Market Accounts:
Hard Debit ACH
APY Eff. Bank/CU/Other Min Inq. Checks Card Orig/Target FW link Notes
3.85% 08/08 Corus Bank Ultimate MMA $10K N Y Y N/Y $100 open. $10K avoid $25/mo
3.75% 07/01 Alliant CU Savings $5 Y Y* Y* Y/Y fw link If<$100,0% APY; *via linked acct
3.75% 07/12 Cap One Costco Savings $10K N N N Y/Y fw link 2.75% < $10K, no fees
3.75% 08/01 DollarSavingsDirect $1K N N N Y/N* fw link 1% < $1K, no fees, no ACH pull
3.75% 08/01 Union Federal Savings MM $1 N N N Y/Y fw link
3.75% 07/31 WaMu Online Savings $1 N N N Y/Y fw link link to free checking accnt
3.70% 07/14 Indymac E-Money Market $50K N N N Y/Y fw link $7 fee< $1K, FDIC run since 7/11
3.65% 07/24 Flagstar Express MMA $0 Y Y Y Y/Y fw link
3.57% 05/05 Century Bank MM $1K N Y Y N/Y fw link only 3 free withdrawals/month
3.56% 08/13 Zions Deseret MMA $2500 N Y ? N/Y fw link
3.55% 07/29 Doral Bank Direct $1K ? N N Y/Y fw link >$250 to avoid fees
3.55% 07/29 Nationwide $1K N Y Y Y/Y fw link
3.52% 07/30 Virtual Bank $50K N N N Y/Y $10k-$25k 2.79%,$25K-$50K 3.05%
3.51% 07/02 BankMutualDirect $25K Y N N Y/Y $125/mo if bal < $25K!
3.51% 06/30 Everbank YieldPldge MM $0 N N N Y/Y fw link Intro. 4.76%, $4.95/mo<avg $1.5K
3.50% 08/20 Wachovia MM Savings $1K Y? N N Y/Y $2.5K to avoid $10 monthly fee. Rate varies by Zip-code. YMMV
3.50% 07/29 Amegy Bank MMA $10K N N Y N/Y $12/fee<$1K
3.50% 04/09 Cap One Online Savings $10K N N N Y/Y fw link 2.5% < $10K, no fees
3.50% 08/15 CNB Bank Direct $0 Y N N Y/Y $1 min to open
3.50% 08/14 Countrywide Savings $10K N N N Y/Y fw link 2.60% < $10K
3.50% 07/24 OnBank MM Savings $1 N N N Y/Y
3.50% 05/19 Provident Direct $1 N N Y Y/Y fw link limits on transfers. see thread.
3.50% 03/26 Salem Five $100K N Y Y N/Y fw link
3.50% 06/04 ShoreBank $1 ? N N Y/? fw link
3.50% 06/02 HSBC Direct $1 N N Y Y/Y fw Link
3.50% 06/09 FNBO Direct $1 N N N Y/Y fw link
3.46% 04/22 Bank of Internet MM $1 ? Y Y N/Y fw link $100 to open, no fees
3.41% 05/05 Century Bank Savings $100 N N N N/Y fw link Only 3 free withdrawals/month
3.40% 04/22 Umbrella pot o gold $1K N Y Y Y/? fw link
3.40% 03/19 ING EO Checking $100K N? Y Y Y/Y fw link 1.75% < 50K; 3.2% > $50K
3.30% 07/01 E*Trade Complete Savings $1 N N N Y/Y fw link $25 Account opening bonus
3.28% 04/01 IGObanking Savings $1 N N N Y/Y fw link
3.26% 07/15 OneUnited Bank Savings $1K N N Y Y/Y fw link Int. quarterly. $50 open bonus.
3.20% 04/09 Capital One Costco $100 N Y Y Y/Y fw link $1K to open
3.11% 04/22 giantbank.com MMA $1K ? Y N Y/Y Min. 1K to open, < 1K = 0%
3.05% 05/07 Savings Square $1 N N N Y/Y fw link
3.05% 03/28 Amboy Direct Savings $1 N N N Y/N* fw link No ACH pull
3.01% 07/18 E*Trade MaxRate Checking $5K Y Y Y Y/Y fw link 0.5% < $5K
3.01% 05/03 E-Loan $1 N N N Y/? fw link $5K open. no min. bal req.
3.00% 08/01 Emigrant Direct $1 N N N Y/N* fw link No ACH pull
3.00% 02/29 GMAC Bank $500 N Y Y Y/Y fw link
3.00% 03/19 ING Direct $1 ? N N Y/N fw link
2.96% 05/02 UFB Direct $1 Y N Y N/Y fw link
2.75% 05/03 Apple Bank Grand Yield $1 N N N Y/Y fw link $2500 to open
2.75% 03/21 Banco Fortuna $1 N N N Y/Y fw link Division of Emigrant Direct
2.65% 05/14 Citi Ultimate Money $0 N N N Y/Y fw link Must have Citi checking
2.60% 05/11 Presidential Bank $5K Y Y Y Y/Y fw link $5K to open, >$35K = 2.4%
2.45% 05/21 SECU Advantage MM $100K N Y Y N/Y fw link
2.01% 05/06 Schwab Checking $0 Y* Y Y Y/Y fw link 2nd hard inq. w/ margin
1.50% 08/17 AmTrust Direct e-savings $1 Y N N Y/Y fw link
1.50% 05/03 Fidelity mySmartCash $0 N Y Y Y/Y fw link Higher APY with FSLXX
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
6.01% 00/00 Charter Bank $0 N 25K 10 T fw link 25K , 1.01% APY
6.01% 04/01 Golden Plains CU $0 ? 25K 10 T fw link 25K , 0.51% APY
6.01% 00/00 Coulee Bank $0 ? 25K 10 ? fw link 25K , 1.01% APY
5.15% 05/31 First New England FCU $0 Y 25K 12 T fw link 25K , 3.00% APY
5.06% 04/09 Heartland Community Bank $0 ? 30K 10 T fw link 30K , 1.31% APY
5.01% 00/00 Coastal Federal CU $0 N 50K 12 T fw link 50K , 0.60% APY
5.01% 04/30 West Texas National Bank $0 ? 25K 10 T fw link 25K , 0.85% APY
4.51% 05/15 The Bank of Fayetteville ? ? 50K 10 T fw link 50K , 1.01% APY
4.44% 02/05 1st Arkansas Bank & Trust $0 N 50K 10 O/T fw link 50K , 1.76% APY
4.01% 03/20 State Bank of Toledo $0 ? 70K 10 T fw link 70K , 2.21% APY
4.01% 04/01 Provident CU $0 ? 25K 10 T fw link 25K , 1.01% APY
3.51% 07/20 Connexus CU $0 ? 25K 10 T fw link 25K , 0.75% APY
Accounts not insured by the FDIC or NCUA:
Hard Debit ACH
APY Eff. Product Min Inq. Checks Card Orig./Target FW link Notes
3.06% 05/03 Russell MMF $1 N N N NA/NA RMMXX
2.49% 06/17 Fidelity Select MMF $2.5K N N N NA/NA FSLXX; Min. at Fidelity
2.42% 06/17 Fidelity Cash Resrv MMF $2.5K N N N NA/NA FDRXX; Min. at Fidelity
1.54% 06/17 Fidelity Municipal MMF $2.5K N N N NA/NA FTEXX; Tax-exempt.
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.]
should be APY
EDIT: fixed.
Let the revolution begin.
Salem Five's top tier checking account is still 5.1% but requires $100K. But anything goes, right?
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.
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.
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.
I like the QS layout; much easier to glance than its other relative threads.
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.
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.
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
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?
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.
