Comments on: Banks You May Not Know About Offer High-Yield Savings Accounts

By: Buster

Buster — Tue, 25 Nov 2008 18:07:59 +0000

I’m quite happy with Venture Bank Direct, especially the 3.8% APY. I’ve only had to contact their customer service for help once, but they were fast and courteous. They are definitely worth trying!

By: Richard

Richard — Sun, 16 Nov 2008 19:09:36 +0000

I’m still insulted that DollarSavingsDirect exists — seems like a slap in the face to EmigrantDirect customers and a way to get around offering us a higher interest rate. The fact that the websites are near identical just makes things worse.

By: kim

kim — Sun, 16 Nov 2008 01:31:57 +0000

i currently have accounts at ING direct (2.75%) and emigrant (3%). my emergency fund is at ING and my house downpayment fund is at emigrant. i’ve just started saving for the house, so i only have about $1500 in there right now. however, by this time next year i’ll have about 10k. do you think it’s worth it to open at account at dollar savings direct for a 1% increase?

By: Simplicity in Kansas

Simplicity in Kansas — Sat, 15 Nov 2008 13:53:17 +0000

While not sure and have not checked this, does a higher rate from a bank mean more risk like FDIC intervention? Wonder if that is true Flexo and if you have some insight into this from your blogging?

By: Ken

Ken — Sat, 15 Nov 2008 00:06:53 +0000

Another plus for GMAC Bank is that they just recently removed their monthly fees for balances under $500. Also, their electronic ACH transfer service is one of the best. Transfers are fast and it’s easy to create links to many external accounts.

By: Paul

Paul — Fri, 14 Nov 2008 20:51:19 +0000

I’m not sure why, but I never hear much mention of GMAC Bank. They currently offer a 3.75% APY for their online savings account. I’ve had the account for years now with no problems & the rates have always stayed competitive.

By: Flexo

Flexo — Fri, 14 Nov 2008 17:58:03 +0000

Will: DSD is offering both a savings account and a 16-month CD, both with 4.0% APY, hence the two big “4.00%” graphics on the website although they didn’t make that completely clear. If you think interest rates will go down within the next year (and you are willing to not touch your money for that long), stick with the CD. Otherwise, go with the savings account.

By: Will Perforce

Will Perforce — Fri, 14 Nov 2008 17:47:31 +0000

DollarSavingsDirect’s offer is a 16 month CD. Or am I completely missing something?