US Banks interest rates.. What is your rate? - GoFuckYourself.com

jscott · 10-03-2011, 06:46 PM

My hometown local banks seriously make me about $5/month on really large amounts of savings that I never touch.

It's really really depressing when I talk to my European (specifically my Dutch friends) when they talk about how great their rates are, and how their savings interest they receive is like 10x's higher than mine.

What is your rates? And is there any tips on getting more bang for our savings bucks?

pls help

CYF · 10-03-2011, 06:50 PM

are you talking money market or a regular savings account?

Interest on savings accounts suck. Best rates I've seen are the online savings accounts like ING etc.

media · 10-03-2011, 06:52 PM

there are a few different options that I know of that will offer you from 0.70% to 1.00% Ally.com the online savings bank... or American Express Savings...

There are others out there also.. but not sure what you're looking for.. go with a money market or CD maybe if you need something more?

jscott · 10-03-2011, 06:57 PM

Well, I'm looking at Ally and ING now, and the best is like 1.00 to 1.25% with 48 - 60month CD's, that is just really shitty, especially compared to my friends Dutch rates, he gets much higher % and no committing to CD

I'm just trying to make a bit of $ back on money sitting there that is currently making nearly nothing. Thanks CYF, Media, and Mikey. Anymore suggestions?

Sly · 10-03-2011, 07:10 PM

1% at ING. No CDs.

Comparing your rates with other countries doesn't make sense, they have their own problems. There are countries in Eastern Europe that pay 10%... but you don't want their inflation.

marlboroack · 10-03-2011, 07:52 PM

I make about 4$ a year

Supz · 10-03-2011, 08:10 PM

why don't you buy some bonds or something. There are some things out there that have guaranteed results that will be a lot better then your banks.

directfiesta · 10-03-2011, 08:14 PM

I am getting 2% on straight saving account from CIBC as well as Banque Laurentienne. I have 80k in one .. funds are not committed

L-Pink · 10-03-2011, 08:16 PM

Because the fed's will loan money to banks for almost nothing banks don't have to compete for your deposits. Imagine a generation that saved money for their retirement to find out their own government has now made cash worthless as far as a retirement income producer.

.

Shedevils · 10-04-2011, 01:06 PM

It will never go anywhere in a savings account. Maybe look at income funds or some sort of secure investment.

woj · 10-04-2011, 01:15 PM

http://finance.yahoo.com/q?s=HYG&ql=1
http://finance.yahoo.com/q?s=ston&ql=1

both pay around 8%, a bit of risk involved... but no risk, no reward...

Due · 10-04-2011, 01:26 PM

Quote:

Originally Posted by L-Pink

Because the fed's will loan money to banks for almost nothing banks don't have to compete for your deposits. Imagine a generation that saved money for their retirement to find out their own government has now made cash worthless as far as a retirement income producer.

.

They still have to meet the funding requirements, so if they lend money out they gotta get money in too

TidalWave · 10-04-2011, 01:29 PM

Why not just open an account at your friends' banks overseas and move the money there?

DWB · 10-04-2011, 01:34 PM

Jscott, you still in Thailand? You can get 3.75% at Bangkok Bank if you must put your funny money in a bank. I've seen 4% advertised at some other banks here but I don't know if they will allow foreigners to have it.

Quote:

Originally Posted by Jesus H Christ

Get your money out of the bank. Pay your bills with a CC and and then pay that off at the end of the month. In short, stay liquid as possible, you'll need it in the near future.

Bank of America is tanking even after Warren Buffett dropped $5 billion in it last month. In short, one goes down they all go down.

+1

FreeOnes · 10-04-2011, 04:28 PM

Quote:

Originally Posted by jscott

(specifically my Dutch friends)

WTF??

Dutch bank don't pay shit either.....

seeandsee · 10-04-2011, 04:41 PM

In my country all banks are giving 7% and even more per year, yeah so much, anybody to invest into it, go here...

TidalWave · 10-04-2011, 04:46 PM

Go where... which country?

10-03-2011, 06:46 PM	#1
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	US Banks interest rates.. What is your rate? My hometown local banks seriously make me about $5/month on really large amounts of savings that I never touch. It's really really depressing when I talk to my European (specifically my Dutch friends) when they talk about how great their rates are, and how their savings interest they receive is like 10x's higher than mine. What is your rates? And is there any tips on getting more bang for our savings bucks? pls help

10-03-2011, 06:50 PM	#2
CYF Coupon Guru Industry Role: Join Date: Mar 2009 Location: Minneapolis Posts: 10,973	are you talking money market or a regular savings account? Interest on savings accounts suck. Best rates I've seen are the online savings accounts like ING etc. __________________ Webmaster Coupons Coupons and discounts for hosting, domains, SSL Certs, and more! AmeriNOC Coupons \| Certified Hosting Coupons \| Hosting Coupons \| Domain Name Coupons

10-03-2011, 06:52 PM	#3
media Confirmed Moneymaker Industry Role: Join Date: Apr 2002 Location: Eugene, OR It's Like Jail, Only with Trees! Posts: 9,851	there are a few different options that I know of that will offer you from 0.70% to 1.00% Ally.com the online savings bank... or American Express Savings... There are others out there also.. but not sure what you're looking for.. go with a money market or CD maybe if you need something more? __________________ I'm here for the violence!

10-03-2011, 07:10 PM	#5
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,298	1% at ING. No CDs. Comparing your rates with other countries doesn't make sense, they have their own problems. There are countries in Eastern Europe that pay 10%... but you don't want their inflation. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available - 1st month free for GFY members - DM for details Wanted: CCBill pay sites for sale

10-03-2011, 08:14 PM	#8
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Punta Cana, DR Posts: 29,589	I am getting 2% on straight saving account from CIBC as well as Banque Laurentienne. I have 80k in one .. funds are not committed __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

10-03-2011, 06:57 PM	#4
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	Well, I'm looking at Ally and ING now, and the best is like 1.00 to 1.25% with 48 - 60month CD's, that is just really shitty, especially compared to my friends Dutch rates, he gets much higher % and no committing to CD I'm just trying to make a bit of $ back on money sitting there that is currently making nearly nothing. Thanks CYF, Media, and Mikey. Anymore suggestions?

10-03-2011, 07:52 PM	#6
marlboroack So Fucking Banned Industry Role: Join Date: Jul 2010 Location: ☣ Posts: 9,327	I make about 4$ a year

10-03-2011, 08:10 PM	#7
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	why don't you buy some bonds or something. There are some things out there that have guaranteed results that will be a lot better then your banks.

10-03-2011, 08:16 PM	#9
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Because the fed's will loan money to banks for almost nothing banks don't have to compete for your deposits. Imagine a generation that saved money for their retirement to find out their own government has now made cash worthless as far as a retirement income producer. .

10-04-2011, 01:06 PM	#10
Shedevils Confirmed User Industry Role: Join Date: Jun 2010 Posts: 500	It will never go anywhere in a savings account. Maybe look at income funds or some sort of secure investment.

10-04-2011, 01:15 PM	#11
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	http://finance.yahoo.com/q?s=HYG&ql=1 http://finance.yahoo.com/q?s=ston&ql=1 both pay around 8%, a bit of risk involved... but no risk, no reward... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

10-04-2011, 01:29 PM	#13
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	Why not just open an account at your friends' banks overseas and move the money there? __________________ www.SwiftNode.com

10-04-2011, 04:41 PM	#16
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	In my country all banks are giving 7% and even more per year, yeah so much, anybody to invest into it, go here... __________________ BUY MY SIG - 50$/Year Contact here

10-04-2011, 04:46 PM	#17
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	Go where... which country? __________________ www.SwiftNode.com