Capital One 360

[Yossarian]

Lots of banks are offering 0.9% or 1.0%. Look for reward checking accounts--Lake Michigan Credit Union offers 3% on $15k with easy requirements each month.

 

[HardcoreRobot]

Good to know. I know a handful of people with Costco memberships but I don't know if $55/year makes sense for me for half off of automatic/recurring trades. Especially since I accomplish this with my 403b. I know it's not exactly the same thing, but it's similar. My intention in using sharebuilder is to sock away some money I won't need for a decade or so (for a house down payment) whereas the 403b is money I can't logically touch until 2052.

Hardcore, Ally has better interest rates but no integration with credit cards and stock accounts, it seems. And that ATM thing is certainly noteworthy for some, but because I have a Cap1 card and an Amex card, I go weeks without touching cash. I looked at a map for my city and the difference seems to be having to walk an extra three blocks on the rare coincidence that I need cash and I've burned up the small reserve I regularly have floating in my wallet.

fyi, there really isnt much integration with cap1 CC and cap1 360. They are now showing your limit, outstanding balance & rewards balance in cap1 360, but you still are redirected and need to login again to do anything with the CC. i think they are trying to improve this though.

i also try to NEVER use cash, and keep ~100 on me which should cover most surprises. but never needing to look up where the closest free ATM is still a surprising convenience for me.

don't expend too much effort chasing the interest rate, they will change. i dont recall the process to open ING since it was so long ago but Ally was INCREDIBLY simple and easy. Why don't you just try them both and see which you prefer. Once you have everything linked its painless to shuffle money around.

 

[zCypher]

I had no idea ING Direct became Capital One 360 for you guys. Up here, ING Direct was recently bought out by Scotiabank. They since renamed the ING part to "Tangerine". So far it has remained decent but it hasn't been very long since the takeover.

Capital One has been a good experience for credit cards, their online portal is better than my other cards.

Only thing is they insist on sending a paper statement for some reason. Hopefully they change this sooner or later.

 

[anothermacuser]

fyi, there really isnt much integration with cap1 CC and cap1 360. They are now showing your limit, outstanding balance & rewards balance in cap1 360, but you still are redirected and need to login again to do anything with the CC. i think they are trying to improve this though.

don't expend too much effort chasing the interest rate, they will change. i dont recall the process to open ING since it was so long ago but Ally was INCREDIBLY simple and easy. Why don't you just try them both and see which you prefer. Once you have everything linked its painless to shuffle money around.

Yeah having to log in separately for the credit card isn't that big a deal. It's all the same once I set up my ACH.

I'll look into Ally but integration with ShareBuilder seems worth something.

Yeah I'm chasing higher interest rates but I'm also tossing away the financial drag of paying for pointless retail banking.

 

[debian0001]

I just moved my savings to american express savings. It's 0.80%.

 

[anothermacuser]

I just moved my savings to american express savings. It's 0.80%.

I have a card with them and am alright with it save it be for the hazy rewards structure. Plus the foreign transaction fee.

Amex doesn't have checking or integration with a stock market utility.