Online Money Market Savings Accounts Question

[Satyrist]

Since I'd rather look at having my savings actually do something, rather than get stuck at the 1-1.25% interest I'm making now at my current bank, I'm looking at moving some money into one of the popular money market savings accounts that have been discussed here and at FW. I just was curious about what would work best.

Emigrant's is at 4%, I've heard their interface, customer service, and ease of use are not so great however.

ING Direct's is at 3.5%, a bit lower...But I've heard that everything mentioned above is better.

HSBC's is also at 4%, I don't know very much about them, their security appears noteworthy however; Don't know so much about customer service howerver.

I'm generally looking for ease of use, and not a great deal of hoop-jumping if I don't need to. I was looking at ING firstmost, but HSBC might be worth a look as well.

What are your suggestions for this? Thanks

 

[necine]

ing
/thread

 

[sniperruff]

emigrant and its 4% APY owns all... well except HSBC. but HSBC has a bunch of fine prints on transferring and the ATM card which i haven't read yet.

 

[Alkesh]

Originally posted by: necine
ing
/thread

 

[Syringer]

I got HSBC a little while back which got me 4% and $35. You couldn't beat that deal.

 

[sniperruff]

Originally posted by: Syringer
I got HSBC a little while back which got me 4% and $35. You couldn't beat that deal.

oh how long did it take you to get the $35? i signed up and didn't do anything to the account... do i need to do anything to get the bonus? i did put in the code when i signed up.

 

[suse920]

Originally posted by: Alkesh

Originally posted by: necine
ing
/thread

:thumbsup: ease of use and custopmer service plus bonus $ >.5% (for me at least)

 

[FleshLight]

How much money are we talking about here? $10k+?

 

[Satyrist]

Originally posted by: FleshLight
How much money are we talking about here? $10k+?

About $6K ATM.

And slowly to be putting some in over time as well.

 

[drnickriviera]

I'm confused. What's a money market savings account? Is it a money market account or a savings account. I've never heard the two together.

 

[Satyrist]

I went ahead and signed up with ING last night, before I found out they raised their rates this morning. (3.75%)

Yay

 

[JS80]

Originally posted by: suse920

Originally posted by: Alkesh

Originally posted by: necine
ing
/thread

:thumbsup: ease of use and custopmer service plus bonus $ >.5% (for me at least)

If you had $100k, I don't think it's worth $500/year. Have you even used anything other than ING to qualify to say ING is easier and has better customer service than ED or HSBC?

 

[monk3y]

Been using ING. No problems at all.

 

[Tiamat]

Originally posted by: Satyrist
I went ahead and signed up with ING last night, before I found out they raised their rates this morning. (3.75%)

Yay

Congrats! I have found ING pretty easy to use. It takes about 2-3 days for money transfers to complete.

 

[psteng19]

Originally posted by: JS80

Originally posted by: suse920

Originally posted by: Alkesh

Originally posted by: necine
ing
/thread

:thumbsup: ease of use and custopmer service plus bonus $ >.5% (for me at least)

If you had $100k, I don't think it's worth $500/year. Have you even used anything other than ING to qualify to say ING is easier and has better customer service than ED or HSBC?

$100k is $5k a year.

 

[abc]

hsbc's ATM card can be used to access the onlinesavings account to withdraw money, transfer, etc. don't quite need their moneymarket acct anymore except for cashing a check, since i dont keep much a balance in my checking acct because the money mkt gives a bit more, I think... and we talking fractions here though.

 

[BCYL]

I have been using emergent direct... sure their customer service people have bad attitude, but everytime they do what I requested, so I don't really see a problem there...

Their online interface isn't bad either, so I have no compliants

 

[Syringer]

How often do you guys use customer service? I've never had to call customer service for any bank except for when my card got lost.