Recommendations on Savings account with good interest rates?

Quote from nrdk00 : Would maybe suggest a High Yield Checking instead, not exactly sure as YMMV but locally my bank offers 2.9% interest, although I do have to jump through a few hoops for it (Direct Deposit, eStatement, and 8 Credit Transactions a month) it seems well worth it if you have a chunk of money and would rather not see it tied up for a long period of time.

That's a good rate you got , plus the bank is local. which bank is that?

Quote from goastros : That's a good rate you got , plus the bank is local. which bank is that?

It's a local credit union, Linn Area.

I recently switched from an ING Orange Savings account to an Ally money market account. Interest rate is slightly higher (I think 0.95% right now) and I get debit access and free checks. If you don't need that, their regular online savings gives you the same interest rate.

Quote from vdesai2 : For what its worth www.ally.com is at 0.95% http://www.ally.com/bank/online-s...tabs=rates

I went Ally a few months back and have been happy. No drop in percentages over the last few months so that's a good sign.

Quote from megaapocalypse : Hey guys, Just wondering if anyone have any recommendations on good savings account with good interest rates. The amount I'm looking to store is between $20k to $50k, currently I'm using INGDIRECT but their interest have fallen below 1%, so looking for a replacement. Other low risk investment suggestions are welcome too. Though my situation is that I work for a financial institute, so i'm limited in the forms of investments that I can make, which is why I've been just sticking with saving accounts/interest based investments. Thanks in advance!

As far as I know, its very unusual for a financial(or any other) firm to dictate what kind of investments you can or cannot make. I am aware that banks require employees to get an approval before opening any kind of investment account. But they simply want you to notify your brokerage firm to send a copy to your bank for record-keeping. Also, before you buy/sell stocks, you need to get pre-clearance from the compliance dept. Sounds like a lot of work, but really isn't that bad. If you haven't already, I would recommend that you check with someone at work to see how to go about it. Frankly, getting a 1% interest rate is actually "losing money" as it doesn't even beat inflation.

There are a tonne of better ways to invest your money. Apart from the usual array of options, I recommend looking at http://www.lendingclub.com [lendingclub.com]. Its lower risk than the volatile stock market and has great potential.

You've worked hard for this money. Now its time to make it work for you!

Quote from goastros : Best rate is with TIAA DIRECT http://www.tiaadirect.org/banking/bank/savings/index.html High Yiled Savings is giving 1.25.

TIAA is not accepting new customers. LINK [tiaa-cref.org]
Amex rates have been going up and down for some time. I pulled my money out when they dropped to .80% - I didn't close the account though and they're back up to .95% I think. They're customer service is awesome.
I moved my money to CIT which was 1.05% but just found out they dropped to 1.00%. I also left ING for AMEX. It's crazy trying to follow the money.

CIT has good customer service, but they're not open on weekends and from 8-5ET (or times close to that).

It's nuts how the rates fluctuate and they never bother to tell you. You just find out when you check your balance or get a statement. CIT doesn't provide paper statements which is a drag since my husband refuses to learn how to use a computer - his iPhone is as far as he'll go.

AMEX provides paper statements if you want (the option of paperless is there though). Watch out for how a savings account handles beneficiaries. I know none of us think anything will ever happen but you just never know (like the school shooting).

I left my account at ING open, they went up to .85% I think and now are down to .75%. ING compounds your interest monthly, not daily if that matters to you.

Not sure where I'm going now - if anywhere. CIT at 1.00% isn't bad, just crappy customer service hours. Sallie Mae is at 1.05% but I'm tired of changing. Not sure what I'll do.
Check BankRate for lots of rate info, including mortgages, cds, IRAs, etc. LINK [bankrate.com]

I personally like HustlerMoney [hustlermoneyblog.com] . They even give you the best CB sites - lots of good info, best CC deals and tons of other stuff. Check out how to avoid the fees associated with AMEX gift cards on the site. LINK [hustlermoneyblog.com] I was going to put the AMEX deal it in Hot Deals, but have been too tired to take the time.
Good luck whatever you decide to do and remember to keep an eye on the fluctuations.

salemfivedirect @ 1.25% [salemfivedirect.com]

Quote from Cookie21 : salemfivedirect @ 1.25% [salemfivedirect.com]

Quick google search suggests they are pretty deceptive and change rates without informing customers.

Quote from megaapocalypse : Hey guys, Just wondering if anyone have any recommendations on good savings account with good interest rates. The amount I'm looking to store is between $20k to $50k, currently I'm using INGDIRECT but their interest have fallen below 1%, so looking for a replacement. Other low risk investment suggestions are welcome too. Though my situation is that I work for a financial institute, so i'm limited in the forms of investments that I can make, which is why I've been just sticking with saving accounts/interest based investments. Thanks in advance!

barclays savings.

good thread OP. any comparisions between Amex and Barclays? is one better than other besides the rate?