Banks for online savings accounts?

**owiebrain** · 12-21-2005, 12:29 PM

I know there's ING (BTDT and wasn't happy with them) but what others? I saw a commercial for one a week or two ago that had a great interest rate but I'll be danged if I can remember the name of it.

**owiebrain** · 12-21-2005, 01:07 PM

Dang, thought I put this up in the Debt section. Sorry if it's in the wrong place!

**Lucky Star** · 12-21-2005, 01:20 PM

I think I know the one you are talking about - it's HSBC Online Savings Account: http://www.us.hsbc.com/1/2/3/persona...ngs?code=12155. It looks like it works the same way as ING, but has higher interest right now: 4.25%. I haven't used it yet, though, althought it does look attractive.

**owiebrain** · 12-21-2005, 01:53 PM

Thanks, Star! I'm pretty sure that's the one I saw.

**SHOPGIRL** · 12-21-2005, 07:48 PM

You can also use www.paypal.com I use it mainly for transactions on ebay, but they do pay a little over four percent right now. Though, the investment isn't FDIC insured.

**MelinaG** · 12-22-2005, 09:17 AM

We use www.statefarm.com they have a good interest rate. We also use ING.

**justmeD** · 12-22-2005, 11:31 AM

there is also 4%@:

http://www.emigrant-direct.com/

highly recommeded by Suzie Orman. I am with ING right now haven't tried emigrant.

**owiebrain** · 12-22-2005, 11:48 AM

Thanks, eveyrone!

HSBC just declined my application for a savings account.

I'll check out the others.

**Puffy** · 12-22-2005, 02:17 PM

I've never liked HSBC, they always seem to nickel and dime you with every little charge. Don't you find it ridiculous that they turned you down for a savings account, an account where you actually GIVE them money to just hold for you! It's not like a loan where they might question your paying back ability.

**owiebrain** · 12-22-2005, 04:48 PM

Yeah, I thought it was a little silly myself. They said there was a problem with my Chex report so I filled out the form to get a copy sent to me.

After looking over Emigrant Direct, I liked them a lot better anyway. LOL I applied and was accepted *gasp*

so am all set now.

Thanks, everyone!

**SSGWilkesWife** · 12-22-2005, 05:03 PM

If you have a Regions bank, their money market account is paying good interest also. I believe it is about 4.5%

**SHOPGIRL** · 12-28-2005, 12:11 PM

Here's the link to emigrant direct. Suze Orman recommends this bank too.

http://www.emigrant-direct.com/

**SHOPGIRL** · 12-28-2005, 12:24 PM

Here's another online bank recommended from the Suze Orman site.

http://www.presidential.com/

**SSGWilkesWife** · 12-30-2005, 12:44 PM

If you are considering just saving with a good intrest and do not need to touch the money........ considering buying I-bonds from the us treasury. They are paying 6.75% you can buy from20 dollar bonds up to 30000 per year. I figured if you put 30k in bonds in 10 years you will make (after taxes) 47900. Not too bad if you dont need to touch the money.

**missmollymayhem** · 12-30-2005, 02:29 PM

I tried ING once- we needed to make a withdrawl and it took so many hoops to get the money out!

How weird HSBC they would decline you, owiebrain- it's not like you'd owe them anything!

The problem with Paypal is that if you ever have a dispute as a seller your entire acount can be frozen- and your money taken away. And it has a lot of fishing and hacking- too risky!