Following ING Direct’s recent interest rate drop to 3.1% annual yield, I’ve updated the list of high-yield savings and checking account interest rates, a list that is becoming less “high-yield.” It’s getting increasingly difficult to find good places to keep liquid savings.
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10:26 am (reply)
Unfortunately true. Harder and harder to find a good place to park it. We’re sticking with ING for now. They hold both our checking and savings, so I figure there is a trade off. Plus we love the customer service and security.
11:36 am (reply)
Yes, rates have taken a dip since this time last year. The majority of my liquid assets is my emergency fund, which really isn’t meant to return a high yield but simply to provide security and stability in times of crisis. Of course pursue the highest interest rate available for your circumstances, mine is at a credit union at 3.92% Even if I did find a slightly higher rate at another bank or CU, the hassle may not be worth the move.