Comments on: Considering Another Bank Account

By: aa

aa — Tue, 01 Apr 2008 03:31:52 +0000

The rates are going down, it’s a waste of time fighting for that extra $50 interest a year.

By: Sun

Sun — Tue, 01 Apr 2008 00:55:22 +0000

Steve: I guess I used the wrong link for the savings account. I have updated the link which still shows a 3.85% APY.

Christian Finance: Thanks! I will check it out

By: Christian Finance

Christian Finance — Tue, 01 Apr 2008 00:10:10 +0000

If you’re looking for a better deal with the same $10,000 minimum balance, look at Countrywide Bank. They’re offering 4.05% currently fully FDIC insured up to $100,000 ($200,000 joint). There’s a possibility that they might go under but who cares? You’re still insured.

By: Tom

Tom — Mon, 31 Mar 2008 21:03:37 +0000

That’s the only thing I hate about those new banks popping up. They tend to offer great rates.. people sign up and the rates drop two weeks later, it’s annoying!

By: BigBroodGander

BigBroodGander — Mon, 31 Mar 2008 18:32:05 +0000

I have had a Capital One Account since December. I don’t qualify for the higher rate and I haven’t had any trouble with it.

It is fairly easy to set up accounts at other banks for money transfers if you want, but it seems to take a long time to transfer funds. It can sometimes take a little over a a week depending on when you do it. That seems long to me though I don’t have a lot of experience elsewhere.

Overall, I’m happy with the account except for the rotten interest rate now, which you note above and I can really only complain about the Fed for that.