2.25% APY

[dr.girlfriend]

At FNBO Direct if anyone is shopping around for a good savings rate. They seem to do a good job keeping up with rates.

[farmvillelover]

Feb 14, 2019 19:18:55 GMT -5 dr.girlfriend said:

At FNBO Direct if anyone is shopping around for a good savings rate. They seem to do a good job keeping up with rates.

Have you considered CIT Bank? I moved maybe 2 months ago for the 2.45% rate and no complaints at all so far.

[dr.girlfriend]

Feb 14, 2019 23:16:03 GMT -5 farmvillelover said:

Feb 14, 2019 19:18:55 GMT -5 dr.girlfriend said:

At FNBO Direct if anyone is shopping around for a good savings rate. They seem to do a good job keeping up with rates.

Have you considered CIT Bank? I moved maybe 2 months ago for the 2.45% rate and no complaints at all so far.

Never heard of it. MM is slacking on the bank rates lately! Maybe most have moved on to more serious investments, but our “addition fund” is currently sitting in savings.

[kadams767]

Feb 15, 2019 7:58:14 GMT -5 dr.girlfriend said:

Feb 14, 2019 23:16:03 GMT -5 farmvillelover said:

Have you considered CIT Bank? I moved maybe 2 months ago for the 2.45% rate and no complaints at all so far.

Never heard of it. MM is slacking on the bank rates lately! Maybe most have moved on to more serious investments, but our “addition fund” is currently sitting in savings.

I'm torn.  I hate the idea of opening more accounts and moving to keep up with rates, it's just a hassle.  I am hoping that Capital One increases soon to keep up, because I am holding a good deal of cash there right now for taxes and some home improvement stuff that is coming up in the future.  Capital One is only at 2% though.  Is it worth it to move for 0.45%?  Ugh!

[Susie]

I expect Cap One 360 to bump up soon, at least to 2.15% or so.  Ever since we were saving a down payment for our 2008 home purchase, I've kept savings for stuff at FNBO Direct (RIP 5.05% APY), and e-fund at Cap One 360 (previously ING Direct).  It usually see-saws back and forth which is higher.  I just got the email from FNBO Direct yesterday that they were moving to 2.25%, so I expect Cap One to move off 2.00% soon.  Fingers crossed, since my e-fund account is the larger one.

[farmvillelover]

Feb 15, 2019 8:38:41 GMT -5 kadams767 said:

Feb 15, 2019 7:58:14 GMT -5 dr.girlfriend said:

Never heard of it. MM is slacking on the bank rates lately! Maybe most have moved on to more serious investments, but our “addition fund” is currently sitting in savings.

I'm torn.  I hate the idea of opening more accounts and moving to keep up with rates, it's just a hassle.  I am hoping that Capital One increases soon to keep up, because I am holding a good deal of cash there right now for taxes and some home improvement stuff that is coming up in the future.  Capital One is only at 2% though.  Is it worth it to move for 0.45%?  Ugh!

It was totally worth it for me. We are holding a lot of cash currently bc we were looking for a new house and the difference is literally almost $100 a month more at the rate diff between CIT and capital one. I held out for a long time too bc of my loyalty to cap one but CIT is the same and I can even make sub accounts. And Susie if cap one raises rates historically the other banks will too.

[farmvillelover]

Feb 15, 2019 8:38:41 GMT -5 kadams767 said:

Feb 15, 2019 7:58:14 GMT -5 dr.girlfriend said:

Never heard of it. MM is slacking on the bank rates lately! Maybe most have moved on to more serious investments, but our “addition fund” is currently sitting in savings.

I'm torn.  I hate the idea of opening more accounts and moving to keep up with rates, it's just a hassle.  I am hoping that Capital One increases soon to keep up, because I am holding a good deal of cash there right now for taxes and some home improvement stuff that is coming up in the future.  Capital One is only at 2% though.  Is it worth it to move for 0.45%?  Ugh!

And I totally thought it was a hassle but once I completed the transfers it was NBD. I still have cap one for a few small subaccounts tho, I was a little lazy to move those since I have direct transfers from my checking account monthly for some things. Those don’t earn enough interest for me to care though.

[winemaker06]

I've been considering moving away from Capital One, but since I have checking there too, it's too convenient for bill pay and immediate transfers to/from savings. I hope you guys are all correct about rates hopefully going up soon (fingers crossed)