After yesterday’s drop in the target interest rate by the Federal Reserve Board, many banks reacted by dropping the interest rates offered on savings and money market accounts. I’ve updated the list of online savings and checking account interest rates with the changes.

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4 Comments on “Updated List of Savings and Checking Account Rates.” To add your own comment, scroll down.

  1. Comment #1 by SingleGuyMoney (reply)
    December 12th, 2007 at 9:42 pm

    Thanks for the quick update.

  2. Comment #2 by Jules (reply)
    December 12th, 2007 at 10:38 pm

    Thanks for the update, especially the notes about Quicken support. Have you considered adding whether the Quicken support includes Direct Connect or just web download? Because Direct Connect is much faster, and web download (web connect) is slow and error prone (at least when going through Quicken). For example, ING Direct only supports web connect (QFX files). Here is a list of which banks support what:

    link to Intuit’s list

  3. Comment #3 by Flexo (reply)
    December 12th, 2007 at 10:43 pm

    Thanks for the link, Jules. I’ve included that information where it was known. Capital One is the only bank on the list I knew of that supports Direct Connect, but I’ll look through that Intuit link to see if there’s anything else.

  4. Comment #4 by Jules (reply)
    December 13th, 2007 at 7:48 am

    Thanks for updating it, but a small correction. Your update for Capital One Bank says “DirectConnect for Microsoft Money” when it should be “DirectConnect for Quicken, OFX for Microsoft Money”

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