Best current APY/APRs: The Daughter of The Mother - Checking, Saving, and Money Market: All Liquid Accnt Interest Rates!

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Please see the rules before posting.

The only posts that should be in this thread are notices of changes in interest rates, new accounts and/or threads that should be included. There is now a FAQ and discussion for this thread for posts that don't belong in this thread but are about this thread and has further detail.

YMMV - This is a list compiled by FWF to help you get started in your research. You should spend some time to know what you are signing up for by reading all disclosures and searching this forum (and others) about bank feedback as well as signup bonuses.

1) This thread is NOT for debating the pros and cons of the banks listed. There are lots of discussion threads for that already. If you don't find a discussion and the rate is above ING, I don't think it hurts to start a thread and post it here so I can add it to this post.
2) It is for accounts insured by an agency of the Federal government (FDIC/NCUA) only. This means non-United States federal government insurance is out even though it can be fairly safe. Since only the feds can print money, they solely are purely safe. The account shouldn't have a minimum higher than $200,000. FDIC insurance and more on getting more than $100,000. FDIC bank lookup
3) It is also for US$ demoninated accounts only.
4) No CD rates, only checking, saving, money market and other liquid accounts.
5) To the extent possible, no teaser rates.
6) Please only accounts that are open to the general public (or have low barriers to membership, say a $50 membership fee) of the United States without having to go to a branch.
7) To be included, the rate (APY) must be higher than the fifth account with minimal requirements (with at least one of those five providing ACH). These are numbered in the list.

Member Summary
Most Recent Posts
5.01% local GA only... rewards checking account


CharterBank is offering a high-yield rewards checking account with... (more)

iluvsydney (Nov. 16, 2009 @ 11:34a) |

UFB Direct/Waterfield has been closed by the FDIC.

sfchris (Mar. 06, 2010 @ 3:27a) |

other than the low interest's emigrantdirect nowadays?

okaythen (May. 14, 2010 @ 7:31a) |

Staff Summary
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GreenPoint Bank

GreenPoint Bank...
2.50 % Min 10,000

Charter One
Circle Money Market 3.00% APY 50K+, 2.50% APY 25K-49,999, minimum $50
Privilege Gold MM 2.50 APY 50K+, 2.25% APY 25K-49,999, minimum $100

Western Financial Bank - Online MM Plus 3% for 5K+
UFB Direct - HY MM Savings 2.65% no min, 10,000 AA miles
Two other banks w/ 3.00+ rate but condition of exceeding FDIC insurance is not worth it I think
ebank - ePremier MM 3.05 for 100K+
Ascencia - MM 3.00 for 100K+

The mother is proud of her daughter.

Sorry that work and a new baby have stolen time to update the old thread.

Go forth and prosper!

ianxxi, I added yours a while ago thanks!

tylr, I added the Charter One accounts until we find out if they are valid in the whole US. I added all of your second post entrys. See the link I added to rule #2; joint accounts are insured to $200,000, which makes it the limit for this thread. Thanks!

longwood8, thanks for the kind words and congrats on the baby

Iberville Bank account for Rewards checking (the one that pays 3% APY) can only be opened at branch.


the last message in the thread says that you can (must) call. If you have other info, can respond to that thread?


No response on that thread so ibervillebank is gone, thanks!

ING is now 2.60% which isn't that great, but not enough for me to keep my money there...

Article at the New York Times
The Savings Account Is Back. (No Laughing, Please.)

The Savings Account Is Back. (No Laughing, Please.)

Published: February 27, 2005

AFTER suffering through years of derisively low interest rates, people with cash on their hands may finally be able to get a decent return for parking their money safely in bank accounts or in money market funds.

Such savers may still have a hard time coming out ahead, after taxes and inflation, but the overwhelming consensus is that the rate increases that the Federal Reserve began last June will continue and that such investments will become more attractive. "Cash is king in a rising rate environment," said Peter G. Crane, vice president and managing editor of iMoneyNet in Westborough, Mass. "Money funds and bank deposits are going to be the place to be."

Wise shopping in this marketplace is increasingly important, specialists say, because wide rate disparities have emerged among banks themselves, so it isn't always clear whether a money market fund or a bank is where you should put your money.

Last August, the average money market fund regained its traditional rate advantage over the average bank money market account and three-month certificate of deposit. (On average, the funds now yield 1.88 percent, while the banks, whose accounts are insured by the federal government, pay 0.55 percent.) But recently some Internet banks, which have lower overhead costs than traditional banks, have been raising their savings rates far above the average.

One of the most prominent of these banks, largely because of its heavy broadcast, print and direct-mail promotion, is ING Direct. (Its ubiquitous initials stand for the International Netherlands Group.) Just after Christmas, it offered a rate of 2.35 percent on its federally insured Orange savings account, with no fees or minimums; on Friday it raised that rate to 2.6 percent.

Another of the online offerings is from EmigrantDirect, a division of Emigrant Savings Bank of New York, which also has 36 brick-and-mortar branches. EmigrantDirect's American Dream savings account pays a "variable" 3 percent; the bank guarantees at least that rate for the rest of 2005 and contends that it is the highest nationally advertised annual percentage yield for unrestricted savings accounts paying interest from day of deposit to day of withdrawal.

Internet banks can often link an account to a customer's existing checking account at another bank, making it easy to move money by phone or online.

Of course, when shopping for the best money-market fund or bank rate, be sure to check all the conditions. Western Financial Bank offers an account at 3 percent, though it requires a $5,000 minimum. Capital One has one at 2.65 percent, requiring a $10,000 minimum.

Other rising competitors include MetLife Inc., one of the first insurance giants to acquire a bank. For a $5,000 minimum, MetLife Bank offers 2.50 percent on money market accounts.

It does not claim to pay the most but trades instead on its strong brand name, its legions of agents to whom investors can talk and rates that are consistently competitive.

"Customers look for more than just the rate," said Shailendra Ghorpade, chief executive of the bank. "We don't strive to be the highest. We don't want to offer a rate that is unsustainable, bouncing up and down."

Some institutions offer different rates for different account balances. In newspaper advertisements, M&T Bank of Buffalo offers a "solid" 3 percent interest rate, but the fine print notes that this is only for an account of $10,000 or more for three months. After that, the rate drops to a range of 1 percent to 1.49 percent, depending on the account's size. Accounts are also subject to fees not specified in the ads.

Despite the new challenges from banks, money market mutual funds are making a strong comeback. Their rates have been rising quickly enough that the industry is almost certain to be posting in January and February its first two-month deposit inflow since the end of 2001.

There is little mystery to yields on money funds. To find a rough average, said Mr. Crane of iMoneyNet, just take the Fed's overnight interest-rate target, 2.5 percent since Feb. 2, and subtract a half-percentage point for operational expenses. That current 2 percent yield is four times what investors were earning in mid-2003; he predicted that a 3 percent yield was almost certain by year-end. The rates being offered by money market funds include 2.51 percent for the PayPal money market fund; 2.25 percent for the Vanguard Prime fund and 2.08 percent for Fidelity Cash Reserves. Three Scudder money funds are paying 2.37 percent to 2.46 percent.

Banks, on the other hand, have more rate flexibility than the money market funds, and traditionally have cut their rates quickly when overall interest rates are declining or have raised them slowly when overall rates are climbing. But in the recent down cycle, rates fell so low that some banks didn't want to risk unduly antagonizing customers by cutting rates as much as the market was signaling.

Some money market funds, to keep returns in positive territory, similarly waived some fees when rates were near their ebb, though they have been restoring them more recently. Experts say that consumers who have a money market fund should make sure that an attractive yield doesn't come with unusually high costs. Bank accounts, meanwhile, can require outsize minimum deposits to avoid fees or may charge fees for inactive small accounts.

If you notice that your money account is still earning a fraction of 1 percent, it may be time to look for a better deal or to move the money elsewhere. Beyond money funds or banks, there are other alternatives: tax-exempt money funds, for example, or ultrashort bond funds, which may be only slightly riskier than money funds.

Employer-sponsored 401(k) plans often include stable-value funds, also known as guaranteed interest income funds or capital preservation funds. Investors should also look in the nooks and crannies of their portfolios for ways to enhance returns on their cash.

If you are the beneficiary of an insurance policy, for example, and have left your payout in an account that the insurance company kindly opened for you - instead of cutting you a check - the return may remain meager unless you act.

One recent widower noticed the proceeds of about $64,000 from his wife's federal government life policy resting idly at 1.5 percent even after the Federal Reserve had raised rates six times. After inquiring, he was given a 3 percent rate not available to the general public or even the company's own employees and had to tie up the money only for six months.

OF course, the almost-unanimous view that short-term interest rates are headed higher could be wrong. But that seems unlikely, especially because Alan Greenspan, in his final year as Fed chairman, is presumably unwilling to risk any revival of inflation., a Web site where investors can check all kinds of data on money rates, had this to say in early February, just after the latest quarter-point rate increase by the Federal Reserve:

"The Bankrate mantra remains the same - stick with short-term C.D.'s, one year or less, to get the biggest bang for your investment," it said. "Longer maturities have been a bit erratic, but slowly heading up. It's still not worth locking up money long term at these rates."

Mary Miller, a fixed-income strategist at T. Rowe Price, the investment manager in Baltimore, put it this way in a newsletter: "We expect short-term rates to rise more than long-term rates" this year, adding that "by next summer, we think the federal funds rate could reach 3.5 percent."


Please see my OP where I state:

The only posts that should be in here are notices of changes in interest rates, new accounts and/or threads that should be included, and bumps to keep it current.

I see no new rates, and nothing else belongs in this thread. If you think that this is exciting news (which I do not, we know the value of these accounts or this thread would not exist) start a new thread if you can't find a place for your article.

Sorry to crap on your post but you didn't read or follow the OP!

WFB now 3.25%

Updated to reflect the new gold standard: WFB at 3.25%!

Thanks for the great thread. Just a friendly suggestion though -- longwood8's criteria might be worth adopting. He specifically excluded promotional/teaser rates, like WFB's. Or at least be explicitly note that WFB's rate is self-described as promotional (meaning it will not always be this good) and ends at the end of the year.


I think we are going to have to agree to disagree on this one. One man's promo is another's guarantee. ED and Superior Savings offer these and I find them comforting. What I see as a true teaser is something like this. I guess you can see it in the eye of the beholder, and you are stuck in this thread with my eyes.

For what it is worth, I predict that ED, WFB and Superior's rates to all go up from their guarantee and I do not see the teaser that I mentioned doing that.

If you want to fight about any account being here, post to it's discussion link (or make a new thread if there isn't one) and if I don't respond send me a PM as this thread really shouldn't be weighted down by discussion.

Discover Money Market:

$50,000 plus 2.47% 2.50%
$25,000 to $49,999 2.42% 2.45%
$10,000 to $24,999 2.37% 2.40%
$5,000 to $9,999 2.17% 2.19%
$2,500 to $4,999 1.87% 1.89%

Min. initial deposit is $2,500.

...not the best but there several accounts with similar rates on the it qualifies to be included, I guess.


markber said: Discover Money Market:

$50,000 plus 2.47% 2.50%
$25,000 to $49,999 2.42% 2.45%
$10,000 to $24,999 2.37% 2.40%
$5,000 to $9,999 2.17% 2.19%
$2,500 to $4,999 1.87% 1.89%

Min. initial deposit is $2,500.

...not the best but there several accounts with similar rates on the it qualifies to be included, I guess.


Added this one, but I am keeping the less than ING accounts around for monitoring purposes in hopes that their rates will go up as they used to be higher than ING. I might change this if the list gets cumbersome.

Going forward we should add only those rates that beat ING...

New leader with Emigrant Bank at 3.25% with no min balance! Lots of rates going up in the past week... May it continue!

This thread is aGREAT idea. Thanks OP.

I will be posting on and reading this thread often.

Capital One's High Yield Savings is now up to 3.05%APY.

Updated: Capital One High Yield Savings, MetLife Bank and GMAC rates up.

Updated: Add of HSBC Bank OnlineSavings

Updated: ING and Virtual Bank go up

Updated: Nexity Bank, GMAC Bank, Capital One High Yield Savings go up, add of First Horizon, Salem Five, CalFirst and discussions

Resource Bank ranked 4* at is at 3.30 APY, min 10K

Updated: Umbrella Bank, HSBC Bank, Capital One/Costco Money Market, Resource Bank, and CalFirst go up.

Resource Bank now takes the lead with 3.30%!

Western Financial up to 3.3% APY

Thanks OP.

Cap1's high yield savings is up to 3.15%.

Updated: Western Financial Bank, National InterBank, MetLife Bank and Capital One High Yield Savings go up.

WFB retakes the lead!

Capital One Costco MMA 3.20 APY

Resource Bank now at 3.31 APY.
Ascencia Bank up 3.25 APY

Updated: Capital One/Costco Money Market, Resource Bank, and Ascencia go up.

Capital One/Costco Money Market continues it's .05% over Capital One High Yield Savings but is updated on Wendnesdays after I go to sleep.

More importantly Resource Bank rasies .01% to be the leader on this list to become the new leader!

a little birdie told me UFB is up to 3.20% (ignore their website...they are always 1 day behind in rate changes).

nBank currently has 2.57% APY, $2500 minimum to keep the account free. Better than a couple on the list at least.

Updated: ebank, CountryWide Bank, Zions Bank, Principal Bank, Discover Bank, and City National Bank go up. New link and higher rate for First Horizon.

City National Bank is the new champ at 3.45%!

sloppy1, I saw no change yet at our link...

Cwilliams2k4, thanks for changing your post and trying again, but per the OP, I don't want to add new listings that are not above ING.

ING up to 3%

UFB Direct up to 3.30%

UPDATE:Link to Website

Skipping 1819 Messages...
other than the low interest's emigrantdirect nowadays?

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