The Federal Reserve lowered rates again today, inspiring me to check the so-called “high-yield” savings and money market accounts to view the damage to the latest interest rates. I’ve once again updated the list of APYs reflecting the latest drops. I’m keeping a historical record, so siply scroll the spreadsheet to see how rates have changed since January 26.
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1:08 pm (reply)
Is there someplace that compares each of those banks based on things like quality of user interface and ease of getting money in and back out?
11:33 pm (reply)
Two local credit unions are offering > 6% APY on checking accounts. Our CU is 7.01% APY—6.79% APR if I remember right.
The only catch is that you need to have at least one direct deposit (no problem there) and do 10 debit-card transactions per month. I much prefer to use our rewards credit card to earn cash back, but for 7% on the money in my checking account I can make 10 small purchases per month with the debit card.