ING DIRECT up to 4.40 % from 4.35%

[NuNuNYC]

woohooo.. up to 3.8%.. so close to EmigrantDirect.. Emigrant gave me such a hard time setting up their account.. having to send in a check, not a starter check.. pffft..

ING was all online.. much better customer service too

 

[GeneValgene]

Originally posted by: Daroo
I have a HSBC account and I'm in the process of transferring the bulk of my saving from ING to HSBC simply because of the rate differential.

However, in terms of speed and web presentation I still prefer ING over Emigrantdirect or HSBC (yes, I have all 3 acct).

Take account opening for example, I was up and running in 2-3 days with ING. With both Emigrant and HSBC, it took about a month to get account ready (both places requires mailing of password and acct # separately thru snail mail and re-opening an account after the initial online application).

And after jumping thru all the hoops in opening HSBC, you have to do it again in order to link checking acct and begin transfering money (wait for another set of deopsit verification).

But 4.25-3.8 = .45%, so in the end money wins!

do they pay out interest every month like ING? i signed up for an account, and have money in it...but i show $0 in interest accrued

 

[usernamemax20charact]

Originally posted by: Engineer

Originally posted by: toant103
paypal moneymarket is 4.22 right now

Is that FDIC insured? Also, have heard bad things about PayPal locking your account.

Since PayPal isn't a real bank they're not FDIC insured. However, PayPal does keep your funds in various FDIC insured banks, so if those banks go belly up, you're protected. But if PayPal goes belly up, you're not.


EDIT........

More info available at PayPal

 

[esquared]

Originally posted by: GeneValgene

Originally posted by: Daroo
I have a HSBC account and I'm in the process of transferring the bulk of my saving from ING to HSBC simply because of the rate differential.

However, in terms of speed and web presentation I still prefer ING over Emigrantdirect or HSBC (yes, I have all 3 acct).

Take account opening for example, I was up and running in 2-3 days with ING. With both Emigrant and HSBC, it took about a month to get account ready (both places requires mailing of password and acct # separately thru snail mail and re-opening an account after the initial online application).

And after jumping thru all the hoops in opening HSBC, you have to do it again in order to link checking acct and begin transfering money (wait for another set of deopsit verification).

But 4.25-3.8 = .45%, so in the end money wins!

do they pay out interest every month like ING? i signed up for an account, and have money in it...but i show $0 in interest accrued

Yes they do. It's different than ING, which pays you the interest at the end of each month. HSBC gives you interest every month on your sign-up date. ie. sign up on the 18th and you see your interest on the 18th of the next month. At least that's how it's been for me the first two months.

 

[diapickle]

0.05% raise again, so disappointing. They should at least catch up to ED.

 

[MustISO]

I think I'm going to do the Capital One savings at 4%. Seems like a good deal.

 

[radiocore]

Anyone can also PM me if they need a referral. I love ING! =p

Kicking myself for not finding out about this earlier. feel so stupid with 1/2 of 1% in my regular checking account. So 3.8% is great. And the interface is so simple.

 

[esquared]

Originally posted by: radiocore
Anyone can also PM me if they need a referral. I love ING! =p

Kicking myself for not finding out about this earlier. feel so stupid with 1/2 of 1% in my regular checking account. So 3.8% is great. And the interface is so simple.

Check your PM

 

[kitkit201]

IS there any referal bonus for HSBC? Thinking of signing up and wonder if there is as I dont' see it on there site.

 

[esquared]

Originally posted by: kitkit201
IS there any referal bonus for HSBC? Thinking of signing up and wonder if there is as I dont' see it on there site.

Read the thread link below. There are a few posts where people are claiming they are getting 25.00 when the apply. Bit confusing, but the thread's not too long so maybe you can get in on it.

HSBC thread

 

[diapickle]

From what I heard HSBC is really slow and invasive in setting up the account. And their Indian phone customer service is not that great. But once it's up it should be all right.

Anybody can also shoot me a PM for ING referrals. ING pays out really fast.

 

[lastig21]

Ing looks good to me

 

[vtohthree]

i should jump the bandwagon.

 

[SilverTrine]

From what I heard HSBC is really slow and invasive in setting up the account. And their Indian phone customer service is not that great. But once it's up it should be all right.

I received all my account information in under 10 days with HSBC. This was around Christmas time too so I assumed it would be a couple of days longer than usual.

Also I've dealt with their phone customer service several times and they've been very cordial and professional at all times, they returned phone calls when they said they would. Normally I wouldnt gush, but I dealt with TD Waterhouse customer service for so long that I expect poor service from banks.

Just a word of advice, even if you dont particularily want an ATM card for your savings account you should get one anyway because you'll need it to set up your account so you can transfer funds back and forth between your bank and your HSBC account. If you dont get one everytime you want to link a bank account you'll have to go through a long process with phone customer support.

 

[Schfifty Five]

3.8%, not bad, not the best...but I don't have that much money in my savings account to make a huge difference. Most of my money is being invested in more riskier things.

BTW, i have referals. (i have to mention it in an ING thread )

 

[esquared]

nm

 

[zlooop]

anyone have news on that emigrant direct cash back credit card ?

 

[Macro2]

90 day T-bills are yielding 4.08%. You can buy them online.

 

[Sparke]

Originally posted by: zlooop
anyone have news on that emigrant direct cash back credit card ?

I e-mail them twice. Once before Thanksgiving and one a few days after. I received no response at all for two weeks after that then I got an automated message that said their e-mail server was backed up and they were trying to play catch up and to look for a response soon. It's now been another two weeks and still no response. So much for customer service.

 

[dayg]

ING is playing catch-up game. I transferred most of my cash to Emigrant Direct. Also bought some 1 year CDs with netbank when they offered free ipod shuffle which I just received. Cool deal.

Time to ebay my ipod.

 

[Sparke]

Originally posted by: dayg
ING is playing catch-up game. I transferred most of my cash to Emigrant Direct. Also bought some 1 year CDs with netbank when they offered free ipod shuffle which I just received. Cool deal.

Time to ebay my ipod.

Yeah, I would have gotten a free ipod but they had to run a hard credit check to open the account which my credit score doesn't like right now.

 

[dayg]

Sparke,

I don't recall NetBank running a credit check although I don't have credit problems. That's strange. BTW, NetBank CDs for 1 year is at 4.6%

 

[Sparke]

Originally posted by: dayg
Sparke,

I don't recall NetBank running a credit check although I don't have credit problems. That's strange. BTW, NetBank CDs for 1 year is at 4.6%

From a previous thread somewhere I read that someone asked them if there was a hard credit check and they said yes. Maybe they didn't go through with it, but I didn't want to take the chance.

Edit - Went back and looked. From a FW thread:

In addition to the terms above, all new accounts are subject to NetBank credit approval, account opening procedures, and standard account terms and disclosures for the account (a higher balance is required to obtain the bonus). Based on account preferences and account activities, service fees or penalties charged against the accounts may reduce earnings. See the Fee Schedule and Truth-in-Savings disclosure for more information.

AND

Please wait while we find an agent to assist you...
All agents are currently busy. Please stand by.
You have been connected to Sherri-Lynn 1.
Sherri-Lynn 1: Welcome to NetBank, how can I help you?
Customer: hello
Customer: I planing to open a CD
Sherri-Lynn 1: OK
Customer: I got a Promo that if I open an CD with $1000 for 12 months
Customer: I will get an ipod
Sherri-Lynn 1: Have you ever had an account with NetBank before?
Customer: no
Sherri-Lynn 1: Ok, then you would qualify for this promotion. You MUST apply through the link on the website www.netbank.com/ipod to qualify. Once the 12 month CD is funded with at least $1000 we will initiate the mailing of the IPOD, it can take 6-8 weeks to reach you.
Customer: this link
Customer: http://www.netbank.com/pro349.htm
Customer: correct
Customer: I have a question regarding opening a CD
Sherri-Lynn 1: Yes, you click on the "Apply Now" button. If you don't click here you will not receive promotion.
Sherri-Lynn 1: OK, go ahead
Customer: DO you run a credit for opening a CD
Sherri-Lynn 1: Yes, we do with any account application.
Customer: is that hard enquiry or soft enquiry ?
Sherri-Lynn 1: Hard.
Customer: Are U sure,bcoz I called the CSR they told me they don't do ?
Sherri-Lynn 1: As far as I know, we always run a credit check, and they are hard inquiries.
Customer: OK in the application if enter employer phone number like 31xxxxxxxx at the final confirmation page it is coming as 31X--XX--XX
Sherri-Lynn 1: Did you put in any dashes?
Customer: no
Sherri-Lynn 1: Then my recommendation is going to be to submit as is, if it will not allow you to get past that page, you may have to start the application over again. We have been doing maintenance to our website that is causing intermittent outages at this time.
Customer: ok thank you
Sherri-Lynn 1: Did you have any further questions today?
Customer: no
Customer: bye
Sherri-Lynn 1: Thank you for contacting NetBank, have a good evening.

AND

Dear M*********,

Thank you for contacting us.

We appreciate your interest in opening an account with NetBank. Please be assured that we do not require perfect credit. It may be helpful for you to know that we receive reports from ChexSystems and Equifax to obtain banking and credit history.

Please be advised that NetBank does do a through credit history inquiry for all types of accounts.

Thank you for visiting our Website. If we may be of further assistance, please contact us.

Sincerely,
Pat
Customer Care, NetBank
Phone: 888-256-6932

 

[dayg]

oh, guess I must've forget about the credit check part....

 

[DaShen]

How is HSBC BTW?

What is the downtime for getting approved?