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Updated Latest Checking and Savings Account Interest Rates

This article was written by in Banking. 4 comments.


Following E*trade’s announcement that they were slightly increasing the interest rate on their Complete Savings Account to 3.15%, I’ve updated the list of savings and checking account interest yields. There have been a number of changes since the last update, including the following.

  • UFB Direct dropped from 3.35% to 3.01%.
  • Kirkpatrick Bank’s Savings Square dropped from 3.25% to 3.05%.
  • E-Loan increased from 2.75% to 3.01%, plus they are offering a short promotion for new money at 3.75%.
  • Presidential Bank decreased from 2.75% to 2.6%.
  • VirtualBank decreased its entire hierarchy of rates with the lowest level down to 1.77%.

Due to popular demand, I’ve added iGoBanking to the list. This bank’s savings account is offering 3.28% APY currently, placing them towards the top of the list, below only OneUnited and Washington Mutual.

Updated February 6, 2012 and originally published May 8, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 2 comments… read them below or add one }

avatar AndyS

Thanks for the information. I was looking into this topic and I may switch to one of the higher paying accounts which have some promotions now.

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avatar Paul

Hey Flexo,

Great chart. I noticed you have HSBC Direct’s savings account down as supporting qfx and ofx formats. I got excited when I saw this because didn’t think I could automate this account with my Quicken at all other then by logging in and doing on-demand downloads. As far as I can see, this is still true. I saw the option for QFX, but not OFX on the site, and express web connect is not available as well. That is a world of difference from a site like e-trade that you have marked with the same notes, however on e-trade I can update my accounts with Quicken without ever having to log in to a seperate website.

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