2008-07-22 13:42 - General
I've been quite happy with my "direct" savings accounts for a while, a decent (compared to the rest of the market) interest rate while maintaining total liquidity. But they've sagged recently. It's starting to look more and more like investing in a CD is a good idea. Some offer short terms that maintain most of the liquidity of the savings account. But how good are the rates?
|Less Than One Year|
|9 mo||3.76%||AmTrust Direect|
|12 mo||4.15%||AmTrust Direect|
|One to Two Years|
|18 mo||4.25%||AmTrust Direect|
|Over Two Years|
|48 mo||4.75%||Capital One Direct|
|72 mo||5.30%||Capital One Direct|
Pretty good, compared to online savings accounts. HSBC Direct is now giving me only 3.43% APY, (though they advertise 3.50%) and ING Direct only advertises 3.00%. That 8 month from WaMu seems especially good. Subject to change at any time, I'm sure, so I'll have to think and pick quick!