what is the highest rate for saving acct. right now? - Personal Finance -debt, loans, credit cards, banks, insurance... - Page 2 - City-Data Forum

Moth · 03-19-2008, 07:07 AM

Look into CD rates and build a ladder- i.e. 6 month>1 year>18 months. You will get a bit more interest than a savings account and still have FDIC protection.

vincentnyc · 03-19-2008, 07:23 AM

Quote:

Originally Posted by Moth

Look into CD rates and build a ladder- i.e. 6 month>1 year>18 months. You will get a bit more interest than a savings account and still have FDIC protection.

lol...have u check the cd rates lately? it is much lower than my 3.55% that im earning from hsbc direct saving acct.. for example here are some cd rates from hsbc:

3 months: 2%
4 months: 2.65%
6 months - 2 yrs: 2%

thx but no thx. i could site example from citibank also...but im too lazy...u can look it up urself.

Moth · 03-19-2008, 08:13 AM

Quote:

Originally Posted by vincentnyc

lol...have u check the cd rates lately? it is much lower than my 3.55% that im earning from hsbc direct saving acct.. for example here are some cd rates from hsbc:

3 months: 2%
4 months: 2.65%
6 months - 2 yrs: 2%

thx but no thx. i could site example from citibank also...but im too lazy...u can look it up urself.

Ummm...you changed the time horizon. If you go by the time horizoin I provided, you would earn a bit more, albeit nothing to brag about.

But there is always the mattress.

vincentnyc · 03-19-2008, 08:17 AM

Quote:

Originally Posted by Moth

Ummm...you changed the time horizon. If you go by the time horizoin I provided, you would earn a bit more, albeit nothing to brag about.

But there is always the mattress.

what do u mean i change the time horizon?

a 6 month cd from hsbc is 2%. so is a 1 yr cd. so is a 18 month cd. go take a look at the website urself and come by and report to us what u find.

Moth · 03-19-2008, 08:38 AM

Quote:

what do u mean i change the time horizon?

Ooops! My apologies. I did not see the dash before the 2 years. Surfing at work has its hazards.

vukinjo · 03-19-2008, 11:06 AM

My paypal money market was over 5% not that long ago - its at 3.28%, My eTrade is at 3.45 and my SavingsSquare just dropped from 4 to 3.45 yesterday. Grrrrr

70Ford · 04-04-2008, 09:40 AM

Wow, that Verity Credit Union ain't bad at all.

6 percent!

That beats my HSBC account....hmmm...might be moving my money real soon....

vincentnyc · 04-04-2008, 09:50 AM

Quote:

Originally Posted by 70Ford

Wow, that Verity Credit Union ain't bad at all.

6 percent!

...

hmmm..dunno...any1 know pros and cons of credit union? how easy is it to get ur money out? do they have any atm machine, a store front, etc.?