- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
What Bank (or online bank) has Highest APY?
Posted on 9/29/11 at 2:41 pm
Posted on 9/29/11 at 2:41 pm
I don't really care if it's checking or savings, I'm just sick of my $$ sitting in my current savings account getting 0.019% APY. I saw that Neighbors has a rewards checking that advertises 3.5% APY. What do the tycoons of the money board suggest? TIA. 
I tried to search, but didn't see anything. I'm a money board newb, so don't crucify me.
I tried to search, but didn't see anything. I'm a money board newb, so don't crucify me.
6
Posted on 9/29/11 at 3:07 pm to Huck Finn
ING direct, as of when I searched a couple months ago.
Posted on 9/29/11 at 3:14 pm to TheHiddenFlask
Thanks, I'll check into that.
After looking, I don't really see much past 1% APY or so...
After looking, I don't really see much past 1% APY or so...
This post was edited on 9/29/11 at 3:23 pm
Posted on 9/29/11 at 3:29 pm to Huck Finn
United Community Bank has Rewards Checking, it pays 3% on balances up to 25K. You have to use the debit card 15x in a month, but its really not hard to do.
I have had this account for a few years, it started at 5%, then went to 4, now 3. But it beats anything else I've seen out there.
I have had this account for a few years, it started at 5%, then went to 4, now 3. But it beats anything else I've seen out there.
Posted on 9/29/11 at 3:30 pm to Huck Finn
quote:
Thanks, I'll check into that.
After looking, I don't really see much past 1% APY or so...
That's the max. Banks are losing money at that rate since LIBOR is around .08%. You won't find much better.
I chose to go with Capital One because they are buying out ING direct.
Posted on 9/29/11 at 4:03 pm to Huck Finn
You'd be even sicker if you factored in 3.6% headline inflation + fed and state taxes. I never thought I would see the day I would become Clark Howard, Jr and beat the f out of the banking system, TBTF banks, and the cram down forced upon people who have done the right thing over the years.
Posted on 9/29/11 at 4:07 pm to Huck Finn
Many are limited to 10k some up to 25k. I did it for a while when they were at 5.5% but now it's not worth it to me.
Posted on 9/29/11 at 4:41 pm to Huck Finn
I have mine in an ING account. They also do a referral promotion, where you give away a code for a new account and both parties get a bonus of a few bucks ...
right now their apy is 1%
right now their apy is 1%
This post was edited on 9/29/11 at 4:44 pm
Posted on 9/29/11 at 5:08 pm to Camp Randall
quote:
Many are limited to 10k
Yeah, that's what I'm seeing at the Neighbors site, but 3.5% up to 10k isn't bad.
Posted on 9/29/11 at 5:49 pm to tirebiter
quote:
3.6% headline inflation
Core inflation is a better gauge for savings account interest rates, IMO.
If you want to fight dollar devaluation, hold foreign currencies.
Posted on 9/29/11 at 8:54 pm to Huck Finn
I'm getting 2.25% as of last month at Britton & Koontz Bank, paid on up to $30,000. It was 5.25% but it's been going down for the past year.
Posted on 9/29/11 at 9:40 pm to TheHiddenFlask
quote:
I chose to go with Capital One because they are buying out ING direct.
Really???
Posted on 9/30/11 at 8:09 am to lsu1208
Online about 1% is the best you'll get. Local banks offer a lot better. i was getting 6% about 2 years ago from a local bank here in Franklin. down to 2% now, but still pays that up to 50k. It was a nice run!
Posted on 9/30/11 at 8:22 am to lsu1208
quote:
Really???
Yeah, it's all done. They are just waiting to get cleared by the anti trust autorities.
Posted on 9/30/11 at 9:39 am to TheHiddenFlask
quote:
Core inflation is a better gauge for savings account interest rates, IMO.
If you want to fight dollar devaluation, hold foreign currencies.
DP - fat finger error.
This post was edited on 9/30/11 at 9:53 am
Posted on 9/30/11 at 9:51 am to TheHiddenFlask
quote:
Core inflation is a better gauge for savings account interest rates, IMO.
If you want to fight dollar devaluation, hold foreign currencies.
" The Consumer Price Index for All Urban Consumers (CPI-U) increased
0.4 percent in August on a seasonally adjusted basis, the U.S. Bureau
of Labor Statistics reported today. Over the last 12 months, the all
items index increased 3.8 percent before seasonal adjustment.
The seasonally adjusted increase in the all items index was broad-
based, with continuing increases in the indexes for gasoline, food,
shelter, and apparel. The gasoline index rose for the 12th time in
the last 14 months and led to a 1.2 percent increase in the energy
index, while the food index rose 0.5 percent, its largest increase
since March."
Savings and CD's are a major component of most retiree's income stream and wealth. Don't believe they will really research or even understand if the price of oil is fluctuating due to currency movements, supply disruption, supply/demand imbalance, etc, all they see is what they pay and how it has changed, MOM, YOY, whatever, plus the price of oil embedded in products/transportation cost. I view oil as being very undervalued price-wise given the amount of energy produced per gallon is unsurpassed in our current mass distribution/consumption setting with no readily available replacement, especially on an inflation adjusted basis over the past 30-years.
I still don't see the value of stripping it out as people have to pay, regardless of whether the $ used for consumption is from savings, earned income, speculation, etc. People will pay the going rate when they need gas and it is a significant component of their annual expenditures.
Posted on 9/30/11 at 10:04 am to tirebiter
quote:
I view oil as being very undervalued price-wise given the amount of energy produced per gallon is unsurpassed in our current mass distribution/consumption setting with no readily available replacement, especially on an inflation adjusted basis over the past 30-years.
If I had the money, I would have a giant oil trade on right now. Once China and India start demanding oil at a rate suitable for an industrialized nation, we are going to have a real shortage.
Posted on 9/30/11 at 11:08 am to TheHiddenFlask
I have been picking up some beaten down oil industry companies, two are foreign companies, the last 60-days to go with the bulk of what was purchased in late 2008/early 2009, definitely overweighted the sector but don't expect any quick remuneration/payoff, still way up on early purchases.
It is very interesting that with the proliferation of products powered by electricity--large screen tv's, phones, computers, notebooks, etc that residential electricity consumption has dropped roughly 1.5% over the past year, which supposed had not happened in past recessions. My wife and I have 5-computers, monitors, large HDTV, 2 cell phones, iTouch, iPad2, etc and our YOY energy consumption has declined and that is with paying the nuclear reactor fee add-on.
It is very interesting that with the proliferation of products powered by electricity--large screen tv's, phones, computers, notebooks, etc that residential electricity consumption has dropped roughly 1.5% over the past year, which supposed had not happened in past recessions. My wife and I have 5-computers, monitors, large HDTV, 2 cell phones, iTouch, iPad2, etc and our YOY energy consumption has declined and that is with paying the nuclear reactor fee add-on.
Posted on 9/30/11 at 3:05 pm to GeauxColonels
quote:
GeauxColonels
Like you would know anything about Capital One...
This post was edited on 9/30/11 at 3:06 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News