Banking
WT Direct Increases Interest Rate to 3.26% APY
WT Direct became the latest online bank to increase the interest rate of its online savings, following similar move early from E-Trade, HSBC Direct, and FNBO Direct.
The increase is 0.10%, from 3.16% to 3.26% APY with a minimum requirement of $1o,000. After 60 days if the minimum balance is below $10,000, then the interest rate [...]
FNBO Direct Followed Suit, Up Interest Rate
After having been cut rates continuously since last September when the Federal Reserve began the current rate reduction campaign, some banks seem to start to reverse course in order to compete for our money even when the Fed is idle.
Since April, E-Trade Financial and HSBC Direct each bumped up the interest rate of their savings [...]
HSBC Direct Bumps Up Rate: 3.50% APY
I almost forgot I still have a HSBC Direct account until I received an email notice this Monday from HSBC regarding the change of their HSBC Direct Online Savings Account rate. The new rate, effective June 2, is 3.50% APY with no minimum balance requirement (well, technically you do have to have at least $1 [...]
Capital One Online Savings Account Opened
I have been considering getting a new online savings account with a better rate for quite a while. The banks I am using right now (IGoBanking and FNBO Direct) are OK, but their rates are not as competitive as they used to be. After looking around and evaluating potential candidates such as Countrywide Bank, Provident [...]
Best Online Savings & Checking Accounts Interest Rates
It has been more than four months since I last updated my little interest rates table. During this four-month period, the rate picture of online banks has changed a lot, going down 5% something to mostly in the neighborhood of 3% APY, as the Fed cut interest rates every time they met. However, the latest [...]
