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Open thread: where do you stash your savings?
Whether it's your emergency fund, vacation stash or house-buying loot, saving smartly is a key to preparing for life.
Do you use a high-yield online savings account? Money market account? Or still getting screwed by your brick-and-mortar?
Let us know where you stash your savings by leaving a comment with your bank and what you're saving for.
The bulk of my savings is in my Money Market account at Bank of America currently paying 4.71% APY. I keep my Freedom Savings account at E-trade.
I currently use ING for my emergency fund.
I guess you could say I'm somewhat of a rate chaser. I just switch from HSBC Direct (4.5%) to Countrywide (5.5%) after HSBC significantly lowered their interest rate after the last fed meeting.
I keep my emergency fund at AmtrustDirect.com in their e-Money Market or e-Savings products.
I still use a brick-and-mortar for my checking but use HSBC for savings.
FNBO Direct, 5.05%apy now. Previously in CD's at Netbank, but they went under and was going to sell out to ING. So I switched. So now I even opened a new checking at a local brick and mortar to replace the netbank checking account.