Online Savings Accounts | Online Savings Blog

WaMu, WTDirect Up Online Savings Account APYs
08.01.08 | Online Savings Accounts | 1 Comment | by junger

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Lots of news from the savings world this week: Washington Mutual has upped the APY on its online savings account to 3.75%, making it the highest currently available savings offering, according to BankRate.

As far as we know, it's not a promo rate, like HSBC's 3.50% account, which was recently extended until September 15.

WTDirect also upped its APY, pushing up to 3.31%. The higher rates go, the harder our money is working for us.
WTDirect Ups Savings Account to 3.26% APY
06.19.08 | Online Savings Accounts | 1 Comment | by junger

Just over a month since dropping their rates to 3.16% APY, WTDirect is increasing their savings account to 3.26% APY.

From the email I got:

As of June 19th (today), WTDirect's Savings Account rate is officially INCREASING to 3.26% APY - This marks the first rate increase in 9 months!! The rate continues to be in the top 5% of all banks.

As far as we can tell, this is not a temporary adjustment like HSBC's 3.50% APY until August 15, so it's great to see more upward motion.

Minimum balance to get into WTDirect is $10,000, so it's not for savers starting out. But once you open it, there's no minimum to avoid fees.
Money Savings Links: 4/11/08
04.11.08 | Savings Links | 0 Comments | by junger

This week's Carnival of Personal Finance is up at Money Ning. It includes Why an iPhone is a Worthy Investment.

Here are a couple of the highlights that'll save (and make) you money.

Saving for Specific Goals at ING - Handling Finances

Once you’ve entered all your information and started an account at ING, it’s extremely simple to create additional separate accounts for various purposes. You just pick which type of account (checking or savings — I only use savings) and give the account a name.

Save to Retirement Fund or Emergency Fund? - My Retirement Blog

If you’re just starting out, you may be put to the decision of whether you should fund your retirement accounts or fund your emergency fund. In order to answer this question, you need to have a grasp of your total financial picture and you can do so by asking yourself the a few questions.

Readers' Choice: The Best High-Yield Online Savings Banks - Five Cent Nickel

I frequently receive e-mails asking which online savings account is the best. With that in mind, I asked FiveCentNickel readers to list their favorite online savings banks. Even though the interest rate landscape is constantly changing, I thought that it would be worth compiling the results into a handy list of the best online savings accounts.

Objective Personal Finance Answers Are Hard to Find - The Skilled Investor's PERSONAL FINANCE BLOG

Very often, people do not have access to disinterested and reasonably priced advice and information. Financial advisors are expensive, whether or not you pay them directly. No advisor can work without compensation. If you do not pay your advisor directly, then the industry will. When the industry pays your advisor, your best interests may quickly fly out the window.
Are You a Rate Chaser? Vote Now.
01.16.08 | Online Finances | 3 Comments | by junger

With the continued drop in rates for online savings accounts, I'm sure a lot of people have considered moving their money around.

But if you've moved your money around a lot recently, you might be a rate chaser.

So, we want to know: are you a rate chaser?

Do you go after the promotional deals? Open up new accounts for .05% higher APY? Move your money around every 3 weeks?

Are you a rate chaser? Let us know in a comment.

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