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.
Updated June 16, 2011 and originally published March 13, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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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.
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.