WSJ Prime Rate: 3.25% - Difference from best liquid account: 0.95%
Next FOMC meeting: Nov 3-4, 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
2.25% 09/30 SFGI Direct Savings $500 N N N Y/N only 1 external account
2.00% 09/09 Alliant CU Savings $5 Y N A Y/Y fw link If<$100,0% APY; deposit scanned checks with eDepositPlus
2.00% 09/09 Evantage Bank Mega MMA $0 N N D Y/Y 2.00% up to $35k. Remainder 1.00%.
2.00% 09/09 AmericaNet Bank Mega MMA $0 N N Y Y/Y 2.00% up to $35k. Remainder 1.00%.
2.00% 09/09 Redneck Bank Mega MMA $0 N N Y Y/Y 2.00% up to $35k. Remainder 1.00%. Not accepting new accounts.
1.95% 11/03 ShoreBank OSA $1 N N N Y/Y fw link
1.75% 11/03 Discover Bank OSA $0 N N N Y/Y fw link $500 min to open
1.75% 09/09 Chesapeake SA (Clear Sky) $1 N N N Y/Y fw link 50K wthdrw/100K dpst /day.
1.75% 09/09 Alliant High Rate Checking $1 Y Y D Y/Y fw link Rate requires paper statements opt-out & 1 monthly electronic deposit.
1.75% 09/09 PNC Virtual Wallet - Growth$0 N Y Y Y/Y 1.75% up to $25k. >$25k .50%. Must open with package
1.75% 09/09 Bank of Internet HYS $0 N N Y N/Y fw link $100 to open, no fees
1.75% 09/09 Capital One Costco IntPlus$5K N N N Y/Y 0% < 5k, 15k AVG monthly bal gives 10% quarterly bonus on int
1.70% 11/04 UFB Direct US Savings $1 Y N A Y/Y fw link "guarantee your rate will always be in Top 10% of competitive accounts*"
1.70% 10/15 CNB Bank Direct OSA $0 Y N N Y/Y fw link $1 min to open
1.70% 09/09 Bank of Internet MM $1 ? Y Y N/Y fw link $100 to open, no fees
1.70% 09/29 Union FSB Money Market $1 N N N Y/Y fw link
1.70% 10/30 Nationwide Bank MMA 1K N Y Y Y/Y
1.70% 10/31 American Express HYS $0 N N N Y/Y fw link
1.65% 09/09 Bnk of Internet Advtg Svgs $1 N N Y N/Y fw link $100 to open, no fees
1.65% 07/23 Danvers Bank $1 N/Y Online Savings account. $1 min to open
1.65% 07/25 Capital One Costco SA $10K N N N Y/Y fw link $5K to open, no fees, no minimum balance, $20 or $60 bonus
1.60% 10/20 DollarSavingsDirect SA $1K N N N Y/N* fw link 1% < $1K, no fees, no ACH pull
1.60% 10/03 1st Constitution Direct $0 ? N N Y/N $100 to open, 1.955% > 10k, 2.0% 3-month promo, link only to one accounts
1.60% 08/20 Capital One SA $10K N N N Y/Y fw link $1 to open, no fees, no minimum balance
1.56% 06/19 E-Loan Savings Plus $100K N N N Y/? fw link $5K open. no min. $100/mo deposit
1.55% 10/30 Ally Bank Online Savings $0 N N N Y/Y fw link Paper statements OR online statements. (new GMAC Bank name)
1.55% 10/31 Ally Bank Money Market $0 N Y D Y/Y fw link (new GMAC Bank name)
1.55% 10/31 Savings Square SA $1 N N N Y/Y fw link
1.51% 10/03 Everbank YieldPledgeMMA $1.5k N N N Y/Y fw link 2.51% 3-month promo up to $50K and 1.77% first year, $8.95/mo < $6K
1.51% 07/12 Zions Internet MMA $2500 N Y Y 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
1.51% 07/10 OneUnited Bank E-Savings $1K N N Y Y/Y fw link Int. quarterly.
1.50% 11/01 Wilshire SB eLink Savings$500 ? N Y N/Y Requires checking acct. $5/mth if <$500. $30 if closed w/in 180 days.
1.50% 09/09 Delta Community CU MMA $1k ? N ? ?/? 1.75% > 10k, 1.85% > 25k, 2.0% > 50k, 2.15 >100K
1.50% 03/28 Salem Five eOne Checking $0 N Y Y N/Y fw link 50K to <100K = 1.60%
1.50% 06/22 FNBO Direct OSA $1 N N D Y/Y fw link
1.50% 03/28 AmTrust Direct e-savings $1 Y N N Y/Y fw link
1.49% 09/09 Century Bank Direct MMA $1K N Y Y N/Y fw link only 3 free withdrawals/month
1.49% 09/09 Corus Bank Ultimate MMA $10K N Y A N/Y $100 open. $10K avoid $25/mo
1.45% 03/31 Century Bank Checking $100 N Y Y N/Y fw link 5 ATM surcharges rebated per month
1.44% 10/18 State Farm Interest Checking
1.43% 06/08 Venture Bank Direct SA $0 N N N Y/Y fw link
1.41% 10/20 IGObanking Savings $1 N N N Y/Y fw link
1.40% 09/05 Capital One Costco MMA $100 N Y Y Y/Y fw link $1K to open, no fees, no minimum balance, $20 or $60 bonus
1.35% 07/17 Amegy Bank MMA $1K N N Y N/Y $12/fee<$1K, 1.35%,1K-10K, 1.35%,10K - <100K, 1.35% >100K
1.35% 09/23 HSBC Direct OSA $1 N N D Y/Y fw Link
1.30% 09/09 ING Direct SA $1 ? N N Y/N fw link
1.30% 09/10 Emigrant Direct $1 N N N Y/N* fw link No ACH pull
1.25% 07/06 First Internet Bank MMA $100 ? ? ? Y/Y
1.25% 10/03 Presidential Bank SA $0 Y Y Y Y/Y fw link $5K to open, >$35K = 0.75%
1.20% 10/16 Citi Ultimate Money $0 N N N Y/Y fw link Must have Citi checking
1.20% 10/16 Citi Ultimate Savings $0 N N D Y/Y fw link
1.20% 09/05 Capital One HiYield MMA $1 N Y Y Y/Y fw link $1 to open, no fees, no minimum balance
1.20% 09/04 California First MM $5K ? Y A N/Y $20/mo fee if bal < $5K or no charge if balance >$5K on all CalFirst accounts
1.20% 03/28 SECU Advantage MM $25K N Y D N/Y fw link
1.15% 06/08 Umbrella Bank SA $100 Y N N Y/? fw link 1.15% > 1K 1.35% > $75K
1.15% 06/08 Umbrella Bank MMA $1K Y Y Y Y/? fw link 1.15% $1K-$50K, 1.35% > $50k
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
1.05% 08/18 Schwab Investor HYS $1 ? N Y Y/Y fw link ATM Refunds, free ACH by phone (not online). No brokerage req'd.
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%
1.00% 07/06 First Internet Bank Check $100 ? Y D Y/Y
1.00% 07/17 Doral Bank Direct $1K ? ? ? ?/? fw link Limited by region.
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!
0.80% 09/09 Virtual Bank $1 N N N Y/Y $10k-<$25k 1.26%, $25K-<$50K 1.51%, $50K-<$100k 1.71%, >100K 1.82%
0.75% 09/09 Indymac E-MMA/OneWest $1K N N N Y/Y fw link 1.85% >$10k. $7 fee < $1K.
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% 10/01 E*Trade Complete Savings $1 N N N Y/Y fw link
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% 09/09 ING Elec Orange CH $1 N? Y D Y/Y fw link 50K to <100K 1.50%; $100k up 1.55%
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 Notes4.04% 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% 07/01 Danvers Bank $0 ? 25K 12 T 25K , 0.25% 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
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
2.51% 03/20 State Bank of Toledo $0 ? 70K 10 T fw link 70K , 1.00% APY
2.01% 04/21 West Texas National Bank $0 ? 25K 10 T fw link 25K , 0.85% APY
1.25% 11/02 Charter Bank $0 N 50K 01 T fw link 50K , 1.01% APY
Accounts not insured by the FDIC or NCUA:
Hard Debit ACH
APY Eff. Product Min Inq. Checks Card Orig./Target FW link Notes
2.48% 07/20 Ford Interest Adv Note $1000 N Y N Y/Y CCC /B3 ratings, 2.63%/2.78% avaliable for larger balances
2.02% 09/29 GE Interest Plus Note $500 N Y N Y/Y AA /Aa2 ratings, $25 bonus, 2.17%/2.32% avaliable for larger balances
1.87% 05/18 Cat Fin Power Investment $250 N Y N N/N A/A2 ratings, 2.02%/2.17% avaliable for larger balances
0.32% 10/05 Fidelity Select MMF $2.5K N N N NA/NA FSLXX; Min. at Fidelity
0.27% 10/05 Fidelity Cash Resrv MMF $2.5K N N N NA/NA FDRXX; Min. at Fidelity
0.25% 10/05 Vanguard Tax-Exempt MMF $3.0K N N N NA/NA VMSXX; Fed Tax-exempt.
0.21% 10/05 Vanguard Prime MMF $3.0K N N N NA/NA VMMXX
0.14% 10/05 Vanguard Federal MMF $3.0K N N N NA/NA VMFXX
0.05% 10/05 Fidelity Municipal MMF $2.5K N N N NA/NA FTEXX; Fed Tax-exempt.
0.08% 10/05 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.][/L]
