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Wednesday, November 09, 2005

Savings Accounts

ING Direct just raised their savings rate to 3.50%. Currently, Emigrant Direct has the highest savings account yield at 4% with no minimum to open an account. The Paypal money market account is yielding 3.93% minus the .11% expense ratio.

Highest Yielding Savings or Money Market Accounts
Emigrant Direct 4% (Savings Account)
Paypal Money Market 3.93% (Must open a Paypal account: free)
Capital One 3.75% (Money Market Account)
Nexity Bank 3.75% (Money Market Account)
ING Direct Savings 3.50% (Savings Account)

Money market accounts are not FDIC insured and have expense ratios.

2 Comments:

Blogger Russ Winter said...

Why would anybody use these banks at these rates. One could easily open up a Treasury Direct account online, linked to a financial institution, and as of November buy 4 weeks T-Bills (3.88% at last week's auction), or a six month Bill at 4.31%.

11/12/2005 2:39 PM  
Blogger johndouglas said...

I appreciate the concern which is been rose.This is a wonderful opinion. The things mentioned are unanimous and needs to be appreciated by everyone.

Well, it’s amazing. The miracle has been done. Hat’s off. Well done, as we know that “hard work always pays off”, after a long struggle with sincere effort it’s done.
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johndouglas

Fixed Rate Savings

11/08/2010 2:27 PM  

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