Comments on: Looking for High-Yield Savings Account? Provident Direct Could be an Answer

By: CapitalOne Online Savings Account Reviews

CapitalOne Online Savings Account Reviews — Thu, 13 Nov 2008 21:05:22 +0000

[...] they used to be. After looking around and evaluating potential candidates such as Countrywide Bank, Provident Direct, and Capital One, I eventually decided to open an new savings account with Capital One. Though I [...]

By: Capital One Online Savings Account Opened

Capital One Online Savings Account Opened — Thu, 22 May 2008 03:30:06 +0000

By: Considering Another Bank Account | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing

Mon, 31 Mar 2008 14:05:30 +0000

[...] impressed the other day when I found out that Provident Direct, a little known online bank, was offering 4.50% APY with their high-yield savings account, when everybody else was paying almost a full percentage [...]

By: How much money do I need » Blog Archive » Looking for High-Yield Savings Account? Provident Direct could be …

Fri, 21 Mar 2008 06:38:20 +0000

[...] Karen wrote an interesting post today onHere’s a quick excerptThough multiple withdrawals can be made in one day, as any other savings accounts, a total of 6 monthly transfers/withdrawals is allowed for this high-yield savings account. This means a total of $30000 can be transferred out of the … [...]

By: Sun

Sun — Tue, 18 Mar 2008 03:19:36 +0000

Mickey Blue Eyes: That’s a terrible experience you have. The speed of rate change now is just too fast for anybody to follow. I will wait after tomorrow’s meeting to see the action from Provident Direct to decide whether to get an account or not. If it still has a sizeable margin against other online banks, I think I will get one. Of course, I will post it here my experience.

By: Mickey Blue Eyes

Mickey Blue Eyes — Mon, 17 Mar 2008 19:19:57 +0000

I’m hesitant to go rate chasing after having been burned a couple times this year already. First was Discover Bank via the AAA that advertised 3.91% APY. By the time I made my deposit and got access to my account, it dropped to 3.56% APY.

Another case is Compass Bank. They advertised 4.00% APY, then it became 3.80% APY (I think). Fortunately, it took so long to get my funds together that I learned they dropped the rate to 1.80% before I could fund the account.

I’m afraid that if I go rate chasing to Provident, the day after I deposit my funds, they cut the rate to a pittance.

By: Rev

Rev — Mon, 17 Mar 2008 16:36:55 +0000

Hmmm…. Looks interesting. If they keep their rates up after the next cut I might move there as well. Everywhere else is pretty dismal for rates right now. I didn’t catch is it FDIC insured? Also if you do jump on board or find anything else out I’d appreciate a post on here.