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

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.

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?

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?

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.

I make about 4$ a year

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.

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

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.

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

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...

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

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

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.

:2 cents: +1

WTF??

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

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

Go where... which country?