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  1. #1
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    High Yield Savings Accts?

    Anyone have any suggestions on how to get the most out of money in a savings account. I seem to earn very little interest on my Wells Fargo savings account even by having their "preferred" account. I was seeing some advertisements on TV for Charles Schwab checking with high APYs. I looked at their website and they show a 2.26% right now. I know at one time they were near 4%. My WF account earns me 0.30% APY. That is pathetic.

    So, anyone have any suggestions on where to earn the most money on money while keeping it very liquid?


    ISU Grad 1997.
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  2. #2
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    Re: High Yield Savings Accts?

    Exaggeration is a BILLION times worse than understating.

  3. #3
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    Re: High Yield Savings Accts?

    My HSBC account is right around 3%, but it started at about 5%. The banking problems killed the rate.



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    Re: High Yield Savings Accts?

    Quote Originally Posted by wartknight View Post
    I have been using ING Direct also and have been happy with it.



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    Re: High Yield Savings Accts?

    You can link it up to your checking account. Takes about 3 days to have money transferred.


    Exaggeration is a BILLION times worse than understating.

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    Re: High Yield Savings Accts?

    Quote Originally Posted by wartknight View Post
    Is that a CD, though? I guess I don't count that as being liquid. 9 months wouldn't be bad but I guess I'm paranoid and I want to be able to access my savings money whenever in the event of a job loss or some other financial emergency.


    ISU Grad 1997.
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  7. #7
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    Re: High Yield Savings Accts?

    ING Direct here as well. Even their checking accounts are high yield.



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    Re: High Yield Savings Accts?

    Quote Originally Posted by CyinCo View Post
    Is that a CD, though? I guess I don't count that as being liquid. 9 months wouldn't be bad but I guess I'm paranoid and I want to be able to access my savings money whenever in the event of a job loss or some other financial emergency.

    Savings and checking, no minimum balance.



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    Re: High Yield Savings Accts?

    Quote Originally Posted by CyinCo View Post
    Is that a CD, though? I guess I don't count that as being liquid. 9 months wouldn't be bad but I guess I'm paranoid and I want to be able to access my savings money whenever in the event of a job loss or some other financial emergency.
    They do offer CD's, but they also have a savings account that you can transfer into or out of at anytime (with a few days to process).



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    Re: High Yield Savings Accts?

    Needed to lock in a 10 year CD back in 1980, would've made you a nice chunk of change.



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    Re: High Yield Savings Accts?

    Quote Originally Posted by CyinCo View Post
    Is that a CD, though? I guess I don't count that as being liquid. 9 months wouldn't be bad but I guess I'm paranoid and I want to be able to access my savings money whenever in the event of a job loss or some other financial emergency.
    I've got mine in the ING Orange Savings account. It's every bit as liquid as your other accounts. Just link it online to whatever you use as your checking account and you can do funds transfers that show up in your checking acct in like 24 hours without talking to anyone. We love it.



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    Re: High Yield Savings Accts?

    We also use the ING Orange Savings - very happy with it so far. Simple to use and transfers happen quickly.



  13. #13
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    Re: High Yield Savings Accts?

    Quote Originally Posted by wartknight View Post
    You can link it up to your checking account. Takes about 3 days to have money transferred.
    I can link it to any checking account? So I could keep my WF checking and use the ING direct savings? That would be great.


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  14. #14
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    Re: High Yield Savings Accts?

    Correct. We're with Veridian and can transfer in and out of our ING Orange Savings account.



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    Re: High Yield Savings Accts?

    I use ING also. Works great. Highly recommended.



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