Money Hackers Blog Network

Savings Account Simplification

Since I finally decided to close my FNBO Direct account, I’ve been thinking a lot about the multitude of savings accounts that I’ve created over the last few years. Most of them are now idle, practically abandoned with only a penny, or maybe a dollar in them.

Many of them I opened for some promotional reason, [...]

Savings Rate Wiki - Facelift

In thinking of ways to make updating the Savings Rate APY Wiki a little easier, I decided to give it a full facelift. Take a look!

It now has better integration with the rest of the site. Plus, it’s hosted by Google Docs, meaning that making updates is as simple as editing a spreadsheet (no more [...]

E*Trade Drops Savings Rate – I Drop E*Trade

(Rates may be out of date. Please see the Savings Rate Wiki for the latest rates)

I regret to report that E*Trade just lowered the rate on their Complete Savings account to a miserly 1.20% APY. This is disappointing to me because I have the bulk of my emergency fund there. While their savings rate was [...]

Are Savings Rates headed to ZERO?

Could interest rates for savings accounts possibly be headed for zero percent? Flagstar seems to think so! As I was updating the Savings Rate Wiki this morning, I couldn’t help but gawk at Flagstar’s astonishing new rate:

Zero percent at Flagstar

Zero percent! Wow! Sign me up! I have thousands of dollars in my mattress that [...]

The Official Savings Rate (APY) Change Post

To help facilitate easier updating for the official Savings Rate Wiki, I’ve decided to create this post as a central placeholder. I try to stay on top of rate changes as best I can, but rates are falling fast (as of this writing). I could use your help.

Here’s where you come in. If you notice [...]

Savings Rate Wiki – Complete Overhaul

I just performed a complete overhaul of the savings rate wiki. It was in dire need of an update, and bank rates have been dropping so frequently that almost every existing rate changed. Wow.

Some highlights

Dollar Savings Direct is no longer 4.00%. Oh how far the mighty has fallen! It is now down to 3.5% – [...]

WTDirect Winter Bonus Blast – Savings Account Cash Bonus ($50-250)

(Rates may be out-dated. Please see the Current APY Wiki for updates)

WTDirect is offering up to $250 bonus for new customers who open a savings account. Here’s a link to the promo page:

Winter Bonus Blast Promo

More details

OPEN a new account — use promotion code WTG3DNC
LINK an existing bank account to your new WTDirect account during [...]