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      03-10-2009, 08:50 AM   #1
Prissy
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Any major bank with high APY?

Damn... my HSBC online saving's APY went down from 4% to 1.85%... this sucks... anyone know a bank with higher APY? please share~
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      03-10-2009, 09:52 AM   #2
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same here, just got an email from them telling me their rate dropped. Time to ditch it and go somewhere else.
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      03-10-2009, 10:31 AM   #3
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www.bankrate.com
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      03-10-2009, 10:35 AM   #4
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GMACs giving 2.65%. My CD there is going to mature (3.75% 6mo., should've done a year!) and I'll probably just transfer my money there since their savings rate is higher than their CD rates right now.
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      03-10-2009, 11:17 AM   #5
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Quote:
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+1 best site for this stuff.

OP I was frustrated too when mine went from 4 to 2.5%! But not surprised in this interest rate environment. To be expected. When I checked last week. The highest APR for a HYSA was 2.85% from internet bank in San Diego. Just make sure its FDIC insured!
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      03-10-2009, 11:25 AM   #6
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i stopped bothering with finding high APY banks. even if you have $10k-$20k, it comes out to be pocket change after taxes. now i'm just happy having my money in a bank that's safe.
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      03-10-2009, 07:19 PM   #7
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there has been a lot of bait and switch going on recently regarding this. the key is to find the highest rate that is guaranteed for some period of time.
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      03-11-2009, 12:51 PM   #8
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Quote:
Originally Posted by fermion View Post
there has been a lot of bait and switch going on recently regarding this. the key is to find the highest rate that is guaranteed for some period of time.
CDs
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      03-11-2009, 07:57 PM   #9
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Schwab has a savings account that is 2%.
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      03-11-2009, 08:15 PM   #10
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According to my dad there are CDs available with higher (relatively speaking) percentage yields. However, it has to be a 6-figure amount or greater.

Sorry I have no specifics, so speak to broker if all else fails.
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      03-12-2009, 02:34 PM   #11
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3.3% guaranteed for two years. Fixed annuity. Two year walk-away.
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      03-12-2009, 03:58 PM   #12
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Actually, I've been looking for another bank as well. You think going from 4% to 1.85% is bad? My HYIC account went from 2.XX% all the way down to 0.05%. The interest I make isn't enough to wipe my arse with anymore.

I can't use CDs, as I need access to my funds for other investments, and I typically exceed transaction limits imposed on savings accounts.
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