Comments on: Latest Online Bank Savings & Checking Account Rates

By: kitty

kitty — Thu, 27 Dec 2007 03:52:38 +0000

Many thanks for providing this information.

I also currently use FNBO as my main saving account. I was considering UFB, but no ACH is a show-stopper – thanks for mentioning it. I need to be able to transfer money there from my checking at brick-and-mortar bank; having to do it through another savings account is too much of a hustle.

By: foglifter

foglifter — Thu, 27 Dec 2007 00:11:18 +0000

Lack of ACH at UFBDirect is not as annoying as it seems: you can do ACH from the outside. I usually make deposits and withdrawals from/to UFBDirect using my GMACBank online savings account.

By: Long Time Reader

Long Time Reader — Tue, 25 Dec 2007 15:36:27 +0000

Countrywide Bank is currently offering 5.30 percent APY for Savingslink balances of $10,000 or more. The CD rates are also good, 5.50 percent APY for 3 and 6 month terms for $10,000 or more. These accounts are FDIC insured, although if the bank fails, you could be in for some hassles as the bank is sold or liquidated. If you don’t have a problem doing business with E-Trade Bank, then Countrywide shouldn’t keep you awake at night. Countrywide also has bricks and mortar branches in several states, heavily concentrated in California.

If you want some of your IRA money in CD’s, the minimum required to earn the high CD rate is $2,500.