Comments on: The 5.0% APY Threshold: The New Hotness http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: notworkingfornow http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-54488 notworkingfornow Fri, 04 Aug 2006 13:34:04 +0000 http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-54488 If you are thinking about switching banks anyway, getting one that pays 5% interest is a great idea. However, that high interest should be balanced with customer service, and future "nickel and diming" surcharges. I currently use Netbank, and when I couple their rate of interest + superior customer service, I think it's a great deal. "samewriter" makes a good point. most people do not have large sums of money in their savings account. So, it likely won't amount to much. If you are thinking about switching banks anyway, getting one that pays 5% interest is a great idea. However, that high interest should be balanced with customer service, and future “nickel and diming” surcharges. I currently use Netbank, and when I couple their rate of interest + superior customer service, I think it’s a great deal.

“samewriter” makes a good point. most people do not have large sums of money in their savings account. So, it likely won’t amount to much.

]]> By: Saver http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-54200 Saver Wed, 02 Aug 2006 14:35:57 +0000 http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-54200 HSBC Direct at 5.05% APY is one of the best out there!!! HSBC Direct at 5.05% APY is one of the best out there!!!

]]> By: Flexo http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-53862 Flexo Tue, 01 Aug 2006 11:59:01 +0000 http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-53862 That's wonderful bankaholic. The only 6.00% rate is a promotional rate, so it's really not a valid comparison with those offering steady rates with a history. Good luck with your saving! That’s wonderful bankaholic. The only 6.00% rate is a promotional rate, so it’s really not a valid comparison with those offering steady rates with a history. Good luck with your saving!

]]> By: bankaholic http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-53829 bankaholic Tue, 01 Aug 2006 10:49:17 +0000 http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-53829 theres way better rates than 5.15 on my bank ratings site. i currently have a 6.00 MMA and a 5.75 10month cd theres way better rates than 5.15 on my bank ratings site. i currently have a 6.00 MMA and a 5.75 10month cd

]]> By: Mighty Bargain Hunter » Roundup for the week of 24 July 2006 http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-52841 Mighty Bargain Hunter » Roundup for the week of 24 July 2006 Sun, 30 Jul 2006 22:43:49 +0000 http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-52841 [...] Consumerism Commentary with hot hot hot APYs. [...] [...] Consumerism Commentary with hot hot hot APYs. [...]

]]> By: samerwriter http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-48759 samerwriter Sat, 29 Jul 2006 00:15:42 +0000 http://www.consumerismcommentary.com/2006/07/28/the-50-apy-threshold-the-new-hotness/#comment-48759 How much money are people keeping in their online savings accounts, that the difference between 4% and 5% actually makes a difference worth worrying about, particularly after taxes? I'd think that customer service, website responsiveness, and easy of transferring money is far more important than an extra $10 or $15 per year. How much money are people keeping in their online savings accounts, that the difference between 4% and 5% actually makes a difference worth worrying about, particularly after taxes?

I’d think that customer service, website responsiveness, and easy of transferring money is far more important than an extra $10 or $15 per year.

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