FNBODirect reveals their new rate and where you should move your money next.
September 26, 2007 – 2:55 pmIf you're new here, I suggest you subscribe to my RSS feed. or bookmark this blog. You'll be able to easily keep up to date with new posts. Thanks for visiting!
I just got an e-mail from FNBODirect regarding their new rate starting September 29th after their promotional rate of 6% expires. They’re going to be offering 5.05% APY which is pretty decent. Depending on how much money you have, you can definitely get a better rate elsewhere.
If you have $25,000+, you can get 5.75% at Indymac Bank Internet First Rate Money Market.
If you have $10,000+, but less than $25,000, you’re better off at Countrywide Bank which yields 5.5% for accounts in the $10,000+ range.
People like me who only have $1,500 or so in their savings get to choose from these banks.
iGObanking - the online division of Flushing Bank, $1 minimum, pays 5.30% APY
UFB Direct - Absolute Savings account pays 5.31% APY, $1 minimum
AmTrust Direct E-Money Market - $1 minimum, 5.21%
The more money you have, the more worthwhile it is to move around for the best rate. If you only have a couple hundred dollars in savings, just stick to whichever bank you think is most convenient or works best for you.
