Savings account with high interest

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kd2777

Golden Member
Mar 4, 2002
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I'm looking to put some money in a savings type account for about a year; then I would like to buy a house. However the best interest rate I can find is about 3.0%. I am looking for something that is relatively liquid, just incase I find a house I am interested in before hand.

Does anyone have a bank or know of one that has higher money market accounts than 3 percent? Or maybe another type of account I should be looking at.

thanks

kd
 
Z

Zombie

Platinum Member
Dec 8, 1999
2,359
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I doubt you would get anything better than 3% unless you start looking at saving Deposit certificates.
 
K

kd2777

Golden Member
Mar 4, 2002
1,336
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Am I missing something? It seems to be the same 3.0 my local bank offers.

kd
 
Epic Fail

Epic Fail

Diamond Member
May 10, 2005
6,252
2
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which local bank offers 3% for saving account?

most are less than 1% right now
 
K

kd2777

Golden Member
Mar 4, 2002
1,336
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Originally posted by: CRXican.
Originally posted by: kd2777
Am I missing something? It seems to be the same 3.0 my local bank offers.

kd
Click to expand...

liar
Click to expand...

WTF you did not just call me a liar in my own post!!!! get out of here!!!!!

Now that he is gone My local bank. If this is as good as I can do, then the convenience of it being a mile from my house makes it a done deal.

Thanks Kevin
 
D

dethman

Lifer
Oct 12, 1999
10,263
3
76
Originally posted by: kd2777
Originally posted by: CRXican.
Originally posted by: kd2777
Am I missing something? It seems to be the same 3.0 my local bank offers.

kd
Click to expand...

liar
Click to expand...

WTF you did not just call me a liar in my own post!!!! get out of here!!!!!

Now that he is gone My local bank. If this is as good as I can do, then the convenience of it being a mile from my house makes it a done deal.

Thanks Kevin
Click to expand...


accoridng to that link the savings APR is 0.55%
 
CRXican

CRXican

Diamond Member
Jun 9, 2004
9,062
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all that fine print turns me on and so does the $10,000 minumum

just open an ING Orange Savings Account and SMILE
 
H

HonkeyDonk

Diamond Member
Oct 14, 2001
4,020
0
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Originally posted by: kd2777
Originally posted by: CRXican.
Originally posted by: kd2777
Am I missing something? It seems to be the same 3.0 my local bank offers.

kd
Click to expand...

liar
Click to expand...

WTF you did not just call me a liar in my own post!!!! get out of here!!!!!

Now that he is gone My local bank. If this is as good as I can do, then the convenience of it being a mile from my house makes it a done deal.

Thanks Kevin
Click to expand...


Well, your bank requires a minimum $10,000 deposit which you might have or not.

But for a lot of other people, $10,000 is more than they have, especially for savings, but that all depends.

What I'm trying to get at is ING direct only requires like $1 minimum opening. I guess that's the main difference between your bank and ING's.

If you have the $10K min, I'd say go for your local bank since it's right there. But ING is definitely very liquidable. 3-5days to deposit/withdraw money.
 
H

HonkeyDonk

Diamond Member
Oct 14, 2001
4,020
0
0
Originally posted by: dethman
Originally posted by: kd2777
Originally posted by: CRXican.
Originally posted by: kd2777
Am I missing something? It seems to be the same 3.0 my local bank offers.

kd
Click to expand...

liar
Click to expand...

WTF you did not just call me a liar in my own post!!!! get out of here!!!!!

Now that he is gone My local bank. If this is as good as I can do, then the convenience of it being a mile from my house makes it a done deal.

Thanks Kevin
Click to expand...


accoridng to that link the savings APR is 0.55%
Click to expand...

that's if you're below the $10K deposit.
 
D

DaveSimmons

Elite Member
Aug 12, 2001
40,730
670
126
Originally posted by: kd2777
WTF you did not just call me a liar in my own post!!!! get out of here!!!!!

Now that he is gone My local bank. If this is as good as I can do, then the convenience of it being a mile from my house makes it a done deal.

Thanks Kevin
Click to expand...
"3.00% Annual Percentage Yield effective as of May 4, 2005. . . .
Minimum Opening Deposit and Minimum Balance needed to earn stated APY is $10,000. For balances below $10,000, the interest rate and annual percentage yield paid on the daily balance will be the current rate for Regular Savings Account, which is .55% APY. Interest rate may change once account is opened and is subject to change daily thereafter. "

Which is fine for the OP if he already has $10K set aside for the house, but a lousy deal for most everyone else.
 
K

kd2777

Golden Member
Mar 4, 2002
1,336
0
0
Originally posted by: dethman
Originally posted by: kd2777
Originally posted by: CRXican.
Originally posted by: kd2777
Am I missing something? It seems to be the same 3.0 my local bank offers.

kd
Click to expand...

liar
Click to expand...

WTF you did not just call me a liar in my own post!!!! get out of here!!!!!

Now that he is gone My local bank. If this is as good as I can do, then the convenience of it being a mile from my house makes it a done deal.

Thanks Kevin
Click to expand...


accoridng to that link the savings APR is 0.55%
Click to expand...

Yes but in the opening post I said Money Market.

THanks

 
K

kd2777

Golden Member
Mar 4, 2002
1,336
0
0
Thanks for the input from the most of you.

For the ones that know what they are talking about. I have about 70k that I am wanting to put as a down payment on a new house in about a year. What is the best way to put it to work for that time? Realitive low risk and if I run into the house my wife and I want in six months with little penality.

kd
 
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