Where is your savings& what's it's interest rate?

[fryjack2]

Moving our money from Ally ( screw them) to anywhere else.  We have a Capital One 360 with some of our liquid savings that we deposit and withdraw from regularly.  

We are looking for some place to keep the money we don't need right now, but may use for a reno in the next 5ish years. 

Who has an account earning more than 2.2%?

[Susie]

My savings for future splurges is earning 2.25% at FNBO Direct, and my e-fund is earning 2.00% at Capital One 360.

[madringal]

My savings is actually a checking account at my credit union. It pays 2.5% of the first 10k we keep in there as long as I use my debit card 12 times a month and have e statements. If I don’t meet those criteria in a month then it only earns .25%.

Find a local credit union near you that offers Kasasa checking accounts. It’s the Kasasa cash account. You can find one near you at Kasasa.com

[kadams767]

I’m still at CapitalOne 360 as well. I was hoping they’d bump up over 2% with others being at 2.2- or so, but no dice yet.

[farmvillelover]

CIT bank. 2.45%. It’s been about 2 months since I moved from cap one and no regrets.

[dr.girlfriend]

I've had FNBO Direct for quite some time. It's at 2.25% now. I feel like when I hear about a higher rate I usually check and find out that they've increased as well. There might be higher rates but this has no minimums or transactions or stuff I think.

[azalea]

We have some cash in Capital One 360 for immediate access, but the bulk of our e-fund is at Vanguard in VMMXX (Money Market). It's at 2.45% right now.

[ellipsis]

12 month CD at Discover Bank - 2.65%

[scout8]

Capital One 360 which is at 2.0 now. I keep hoping it will go up as I don't really want to move it around, but I may soon. We also have some money in a Capital One CD which I think is at 2.70. Again, I know I could do better, but I don't feel like opening accounts at other places. It's just easy to stay there and I'm lazy.

[melmel48]

Oh crap, what is wrong with Ally? Most of my savings is at CapitalOne 360 but I did just open an account with Ally because of the interest rate and because they sponsor my favorite nascar driver. Lol.

[shaynaatl]

I've been with Cap One (aka ING Orange) for like 15 years. Haven't spent time shifting money around to chase a little bit of interest.

[farfalla2011]

Apr 7, 2019 21:16:43 GMT -5 melmel48 said:

Oh crap, what is wrong with Ally? Most of my savings is at CapitalOne 360 but I did just open an account with Ally because of the interest rate and because they sponsor my favorite nascar driver. Lol.

My husband has decided to watch Nascar for the last couple years and it drives me crazy lol. Is that where the 48 in your screen name comes from?? I do like him and used to watch Nascar when he was a rookie, I just wish he would step it up and do better!

And, related to the actual thread, I have my savings in Ally due to the interest rate. I don't mess with it much, so I have had no issues. But, I'd be curious other's input since it sounds like there are some negative feelings about Ally.

[calico]

Also curious about the negative Ally input. I mean, I have negative feeling about how the Ally branded credit card is run, but TD Bank does that, not Ally themselves.

[farmvillelover]

Apr 8, 2019 7:45:11 GMT -5 shaynaatl said:

I've been with Cap One (aka ING Orange) for like 15 years. Haven't spent time shifting money around to chase a little bit of interest.

But it’s worth it if you’re sitting on a lot of cash for whatever reason. I wouldn’t chase like $5 a month in interest but at a certain point it’s totally worth it for me. I was a cap one customer since about 2004 until 2 months ago (I keep just a little there now, nominal amount

[just]

(calico , melmel48 ) fryjack2 had a particularly shitty experience (pandce.proboards.com/thread/603561/ally-bank-updated-maddening-update )

I don't want to minimize the crap she went through but like farfalla2011 I've been with them for quite a while with no issues and 2.2%

[woowoo]

I got an offer from AMEx for a personal savings account at 2.10% that I'm going to take advantage of. Does anyone have experience with them? It will be used for long term savings.

[melmel48]

Apr 8, 2019 10:24:59 GMT -5 farfalla2011 said:

Apr 7, 2019 21:16:43 GMT -5 melmel48 said:

Oh crap, what is wrong with Ally? Most of my savings is at CapitalOne 360 but I did just open an account with Ally because of the interest rate and because they sponsor my favorite nascar driver. Lol.

My husband has decided to watch Nascar for the last couple years and it drives me crazy lol. Is that where the 48 in your screen name comes from?? I do like him and used to watch Nascar when he was a rookie, I just wish he would step it up and do better!

And, related to the actual thread, I have my savings in Ally due to the interest rate. I don't mess with it much, so I have had no issues. But, I'd be curious other's input since it sounds like there are some negative feelings about Ally.

Yes that is where my 48 comes from. Good catch! I am from Boston and he is running the Boston Marathon. I am a runner and I have over 30 friends running the marathon next week; I will go to mile 19 or so to spectate and I am stupid giddy at the thought of seeing him run by me. I am such a nerd. 

My plan is just to transfer $ into my savings account and let it sit and collect interest. All of my "Save to spend" accounts are at capitalone 360. 

[melmel48]

Apr 8, 2019 10:48:37 GMT -5 just said:

(calico , melmel48 ) fryjack2 had a particularly shitty experience (pandce.proboards.com/thread/603561/ally-bank-updated-maddening-update )

I don't want to minimize the crap she went through but like farfalla2011 I've been with them for quite a while with no issues and 2.2%

Ugh what a horrible experience. That is so shitty. I do plan on just letting my $$ sit there and not really doing much with it. I don't have a shit ton of money so save and don't really plan on doing anything else with my account. I do hope there aren't any issues though with my account in the future. 

I don't make a lot of $ and save as much as I can ,so anything I can save at a higher interest rate sounds good to me! 

[fryjack2]

Apr 8, 2019 16:44:18 GMT -5 melmel48 said:

Apr 8, 2019 10:48:37 GMT -5 just said:

(calico , melmel48 ) fryjack2 had a particularly shitty experience (pandce.proboards.com/thread/603561/ally-bank-updated-maddening-update )

I don't want to minimize the crap she went through but like farfalla2011 I've been with them for quite a while with no issues and 2.2%

Ugh what a horrible experience. That is so shitty. I do plan on just letting my $$ sit there and not really doing much with it. I don't have a shit ton of money so save and don't really plan on doing anything else with my account. I do hope there aren't any issues though with my account in the future. 

I don't make a lot of $ and save as much as I can ,so anything I can save at a higher interest rate sounds good to me! 

Yeah, like just mentioned, they have been awful.

I checked my account yesterday and they finally deposited the bonus money I was supposed to get on Feb 15th. So, a month and a half of lost interest on a 6 figure account. And no one will speak to me who has any idea how to rectify it. I get told the supervisor is being made aware. Then “David” sends me an email to apologize. But doesn’t respond to return emails or offer any other follow up. How do I know that? Because I’ve had an apology sent from David no less than 3 times and return emails ignored at this point.

The biggest mess up was having a random wrong account linked to mine which they couldn’t explain. Scared me enough to now Be moving my money out.

[melmel48]

Apr 8, 2019 18:13:17 GMT -5 fryjack2 said:

Apr 8, 2019 16:44:18 GMT -5 melmel48 said:

Ugh what a horrible experience. That is so shitty. I do plan on just letting my $$ sit there and not really doing much with it. I don't have a shit ton of money so save and don't really plan on doing anything else with my account. I do hope there aren't any issues though with my account in the future. 

I don't make a lot of $ and save as much as I can ,so anything I can save at a higher interest rate sounds good to me! 

Yeah, like just mentioned, they have been awful.

I checked my account yesterday and they finally deposited the bonus money I was supposed to get on Feb 25th. So, a month and a half of lost interest on a 6 figure account. And no one will speak to me who has any idea how to rectify it. I get told the supervisor is being made aware. Then “David” sends me an email to apologize. But doesn’t respond to return emails or offer any other follow up. How do I know that? Because I’ve had an apology sent from David no less than 3 times and return emails ignored at this point.

The biggest mess up was having a random wrong account linked to mine which they couldn’t explain. Scared me enough to now Be moving my money out.

Omg. What a flipping mess. So.... maybe the interest rate doesn't matter that much to me after all.... I am so angry you dealt with/are dealing with this shit.

[freshsqueezed]

Discover 2.1%. We’ve been using them for years.

[simpsongal]

Apr 8, 2019 13:15:22 GMT -5 woowoo said:

I got an offer from AMEx for a personal savings account at 2.10% that I'm going to take advantage of. Does anyone have experience with them? It will be used for long term savings.

we’ve used them for years and been happy.

[Deleted]

Well, I have some money in a Capital One account, but it's only at 1%. I was actually going to move it anyway because I hate Capital One with the passion of a thousand fiery suns, but now that I see that I'm at half the rate of some of you, I'm going to move the money sooner rather than later. I have our emergency savings with FNBO after receiving recommendations from here and I think it's currently at 2.25%.

[heliocentric]

If you have more than $10K the Capital One 360 money market is 2.0%. I wish their regular savings accounts were higher, though.

ETA: What about stacking some CDs? Cap1 rates are 2.7-3.1% depending on the term.

[ssmjlm]

Right now it's all at Cap360, but I plan to move some over to Vanguard and re-open an account with them.

[barefootcontessa]

Apr 8, 2019 13:15:22 GMT -5 woowoo said:

I got an offer from AMEx for a personal savings account at 2.10% that I'm going to take advantage of. Does anyone have experience with them? It will be used for long term savings.

Yes.  I have an account with them.  Zero problems.  

[ohgillian]

Emergency fund is at Vanguard in the VMMXX earning, I think, 2.45%. Short-term (things we'll spend within in a year or so) savings is just as USAA in Performance First savings earning virtually nothing, but I like the convenience more than the tiny amount more I could earn elsewhere.

[dr.girlfriend]

Apr 9, 2019 20:37:00 GMT -5 liteningme said:

We have HSBC because their rates were like 5% back when we opened the account in like, 2006. This thread has made me start investigating other banks to switch to, because our rate at HSBC now looks like it’s 0.05%.

But I’m super confused. Back when we opened the account (years ago), it was an “HSBC Direct” high-yield savings account. Now when I look at it online, our account is just called a money market account. Meanwhile, HSBC does offer a 2.25% “HSBC Direct” savings account. We never knowingly changed what type of account we have. So why the F are we not getting the 2.25% rate? Our rate has been essentially 0 for years. I just figured it was because rates went down. I was NOT aware that HSBC still has a high-interest savings account. Did they switch me at some point without my knowledge??


ETA: I called HSBC today, and I think they're trying to tell me that the type of account I opened in 2006, "HSBC Direct Savings," changed its name a few years ago to "HSBC online money market savings." Meanwhile, the "HSBC Direct Savings" account that is available currently is a "new" type of account. Even though it's the same type of account as what I originally opened. So.....doesn't that mean I got a bait and switch? I opened an HSBC Direct high-interest savings account, they lowered the interest rate and changed the name of the account to Money Market, and then they turned around and started offering HSBC Direct savings accounts again??

I would be mad as hell about that.  I would want to see if a manager can credit the interest you lost, and if not move the money ASAP.  I'm guessing they probably sent you some kind of notice but that still bites.  

[fryjack2]

Apr 9, 2019 13:37:38 GMT -5 heliocentric said:

If you have more than $10K the Capital One 360 money market is 2.0%. I wish their regular savings accounts were higher, though.

ETA: What about stacking some CDs? Cap1 rates are 2.7-3.1% depending on the term.

I'll have to look into the CDS, thanks!  We have 6 figures in the account I'm looking to put somewhere other than Ally.  Sounds like I should go back to Cap One 360/ CDs.

[farmvillelover]

Apr 12, 2019 9:21:13 GMT -5 fryjack2 said:

Apr 9, 2019 13:37:38 GMT -5 heliocentric said:

If you have more than $10K the Capital One 360 money market is 2.0%. I wish their regular savings accounts were higher, though.

ETA: What about stacking some CDs? Cap1 rates are 2.7-3.1% depending on the term.

I'll have to look into the CDS, thanks!  We have 6 figures in the account I'm looking to put somewhere other than Ally.  Sounds like I should go back to Cap One 360/ CDs.

I’ll recommend CIT bank again. 2.45%. Was recommended by a financial advisor friend of mine

Lmk if you find good CD rates