Any major bank with high APY?

Prissy · 03-10-2009, 09:50 AM

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~

txusa03 · 03-10-2009, 10:52 AM

same here, just got an email from them telling me their rate dropped. Time to ditch it and go somewhere else.

stooken · 03-10-2009, 11:31 AM

www.bankrate.com

sinnet112 · 03-10-2009, 11:35 AM

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.

GreenThree · 03-10-2009, 12:17 PM

Quote:

Originally Posted by stooken

www.bankrate.com

+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!

stooken · 03-10-2009, 12:25 PM

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.

fermion · 03-10-2009, 08:19 PM

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.

stooken · 03-11-2009, 01:51 PM

Quote:

Originally Posted by fermion

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

clickclickboom · 03-11-2009, 08:57 PM

Schwab has a savings account that is 2%.

Couch · 03-11-2009, 09:15 PM

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.

GreenThree · 03-12-2009, 03:34 PM

3.3% guaranteed for two years. Fixed annuity. Two year walk-away.

Xiaofeng · 03-12-2009, 04:58 PM

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.

03-10-2009, 09:50 AM	#1
Prissy Brigadier General 1101 Rep 4,855 Posts Drives: M340i Join Date: Sep 2008 Location: NY iTrader: (6) Garage List 2015 BMW F30 [5.50] 2020 M340I [0.00] 2017 X3 [0.00] 2008 BMW E92 [9.00] 2010 BMW E92 [10.00]	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, 10:52 AM	#2
txusa03 Major General 587 Rep 6,563 Posts Drives: TS330iPPSP6MT Join Date: Jul 2005 Location: Planet Earth iTrader: (3)	same here, just got an email from them telling me their rate dropped. Time to ditch it and go somewhere else. __________________ under construction!
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03-10-2009, 11:31 AM	#3
stooken Brigadier General 186 Rep 4,243 Posts Drives: E70 X5 Join Date: Apr 2007 Location: NOR*CAL iTrader: (2)	www.bankrate.com __________________ 2010 E92 BSM 335i \| M-Sport \| ST Coils \| Linea Corse Lemans \| Cobb AP \| BMS DCI \| Cyba Tips
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03-10-2009, 11:35 AM	#4
sinnet112 Major 31 Rep 1,118 Posts Drives: 2009 E89 Z4 Join Date: Dec 2006 Location: NJ iTrader: (1) Garage List 2007 335i Coupe [0.00] 2007 328xi Sedan [0.00]	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. __________________ Z4 sdrive30i \| Deep Sea Blue \| Ivory White Nappa Extended Leather \| ZSP
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03-10-2009, 12:25 PM	#6
stooken Brigadier General 186 Rep 4,243 Posts Drives: E70 X5 Join Date: Apr 2007 Location: NOR*CAL iTrader: (2)	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. __________________ 2010 E92 BSM 335i \| M-Sport \| ST Coils \| Linea Corse Lemans \| Cobb AP \| BMS DCI \| Cyba Tips
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03-10-2009, 08:19 PM	#7
fermion Private First Class 46 Rep 109 Posts Drives: 328i Join Date: Jan 2008 Location: Pasadena iTrader: (0)	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, 08:57 PM	#9
clickclickboom Private First Class 78 Rep 166 Posts Drives: Rust Bucket Join Date: Oct 2008 Location: PA iTrader: (0)	Schwab has a savings account that is 2%.
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03-11-2009, 09:15 PM	#10
Couch Colonel 146 Rep 2,900 Posts Drives: E92 335i Join Date: Jan 2007 Location: Houston iTrader: (0) Garage List 2007 E92 335i [0.00]	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, 03:34 PM	#11
GreenThree Colonel 220 Rep 2,110 Posts Drives: 2011 e90 Join Date: Mar 2008 Location: Boston, MA iTrader: (0)	3.3% guaranteed for two years. Fixed annuity. Two year walk-away. __________________ 2015 335xi \| Mineral Grey Metallic \| Black Dakota Leather \| NAV \| SportLine \| ZPP \| ZDA \| ZCW \| Munich Build Retired: 2008, 2011, 2013 328xi
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03-12-2009, 04:58 PM	#12
Xiaofeng Captain 39 Rep 712 Posts Drives: 2007.5 E90 335xi Montego/Lemon Join Date: Jul 2007 Location: Colorado iTrader: (1) Garage List 2007 E90 335xi [0.00] 1991 325iX [0.00]	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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