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Online Savings Account Rate Updates

by Flexo

Some banks have raised their interest rates for their online saving accounts, including GMAC and UFB Direct. The details outlining the latest rates are here.

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5% APY on 12-Month CDs!

by Flexo

If that title gets you excited, you’ll be happy to know that more and more banks are offering 5 percent interest yield (or higher) on certificates of deposit (CD). CDs are a little less liquid than a straight savings account, which means there may be a penalty if you withdraw your money before that 12 month ... Continue reading this article…

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GMAC Bank

by Flexo

A reader emailed me to ask why GMAC Bank was not listed on my table of high-rate savings and checking accounts. They are currently offering 4.2 percent APY (4.3 percent APY on balances above $500), but there are restrictions and fees. I added the information from GMAC’s Money Market Savings Account to the list, making note of ... Continue reading this article…

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