Dollar Savings Direct Savings Account Is Still the Best Option
for me at least.
I was bothered a lot after seeing yields of my online savings accounts kept dropping like a rock since the new year began. The stock market has been a terrible place to be for investors for nearly one and a half years. Among various investment options, bonds and cash are the only [...]
Can You Get a Better Rate at MoneyAisle?
Money Aisle is an online marketplace where banks compete to each other to offer better rates for high-yield savings account or CDs.
I have heard about MoneyAisle a while back, but never got a chance to check it out until recently, partly because back then I was very happy with Dollar Savings Direct’s 4.0% APY. But [...]
Time to Say Goodbye to Dollar Savings Direct
After being with the bank for only half a year, I think the time to move on has finally come.
When Dollar Savings Direct was first launched last summer, it was touted as a high yield savings account from Emigrant Bank, which also owns Emigrant Direct. You may wonder why one bank wants to have to [...]
Recent Bank Findings: Redneck Bank 3.10% APY and Danvers Bank 3.00% APY
Stocks are down (another 300-point plunge of the Dow today closing below 7,000 for the first time in 13 years) and savings account interest rates are declining too. Are you wondering where to put your money these days? Treasuries are safe, but you won’t get much from buying bonds/bills unless safety is your absolute concern. [...]
Online Savings Accounts with 3+% APY
Last Friday, I received an email from Dollar Savings Direct, which currently holds most of our cash, another rate reduction notice. This time, the yield of their savings account was lowered from 3.20%, a rate that they just adopted a week ago, to 3.05%. I opened an account with DSD in November 2008 after monitoring [...]
IGoBanking 3.18% APY for $5,000 or More
IGoBanking, one of the banks I use but fell out of favor recently, is out with a new tactics to lure existing customers like me back. In an email I received yesterday, with the subject line as “Celebrate the Inauguration with IGoBanking,” the bank says from now till March 18, 2009, any money transferred between [...]
Considering Another Bank Account
I was really 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 point less. At that time, I was thinking of getting a new account if they won’t dramatically lower [...]
Emigrant Direct Lowers Its Rate to 5.05%
Last night when I logged into my Emigrant Direct account, the savings rate was still at 5.15%, the same as the past four months. However, when I checked again this morning, the rate dropped to 5.05%, matching the offer from HSBC.
Though the rate is not attractive as it used to be, it’s still one of [...]
