Where does everyone keep their money?

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invisible777

invisible777

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Jul 3, 2007
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Looking to finally get out of Wachovia and their shit ~2% give or take APY on their "best" savings accounts.

Any recommendations for good savings accounts or good all-around banks to squeeze the most out of your savings account, fellow WF'ers?

Was looking at E*TRADE... 3.45% APY which is decently high. Even their checking accounts yield a 3% APY. Anyone use and like these guys?
 


eTrade is good and easy to use. I have money with them and also Smith Barney. SB has higher interest rates but it's a pain having a broker and not being able to maneuver online.

Have you compared eTrade's rate to ING or HSBC online? I've heard good things about HSBC online, never used ING.
 
I use E*trade, and I'm pretty happy with them. Also I figured out a way to link my PayPal to my E*trade which is convenient. This article explains how to do it Invest With Paypal

On the downside, a friend of mine who also uses E*trade told me that you can't spend more than $20 at any post office with an E*trade debit card. I don't know what their reasoning behind that policy is, but it definitely sounds inconvenient.
 
i keep my money in hillary's cleavage
hillary_clinton_boobs_bill_cleavage.jpg
 
For the love of god please tell me that's a fake cover!! :repuke:

If you've got a bank account in Australia, you can get an ING saver thingy. Last time I checked, it was 6.75%, no minimum amount, with the ability to withdraw at anytime with no loss of interest or capital, with 24 hours of notice.
Only downside is that there is literally no physical location you can go to, or ATMs to withdraw from. You have to just link it to another account that you already own.
 
HarveyJ said:
For the love of god please tell me that's a fake cover!! :repuke:

If you've got a bank account in Australia, you can get an ING saver thingy. Last time I checked, it was 6.75%, no minimum amount, with the ability to withdraw at anytime with no loss of interest or capital, with 24 hours of notice.
Only downside is that there is literally no physical location you can go to, or ATMs to withdraw from. You have to just link it to another account that you already own.
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So I can use my NAB account and hook it up to the ING saver account? Does that mean I just plonk money into it and withdraw BACK to my NAB account? Or can the ING account get a debit card as well?
 
I have a 3% interest savings acct that I use that allows me to withdrawl whenever the eff I want.
 
Supergeek said:
I've got a 5% savings account at USAA, but it's limited to military/retired and family.
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Actually it's not (I used to work for USAA). Under federal law they are required to be open to all us consumers. However the insurance stuff still is.
 
illusion said:
So I can use my NAB account and hook it up to the ING saver account? Does that mean I just plonk money into it and withdraw BACK to my NAB account?
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Yeah, that's pretty much exactly how it works. It'sa bitch if you forget to take out before the weekend though, because they don't process anything then, though.
illusion said:
Or can the ING account get a debit card as well?
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Not too sure on that one... I've already got a debit card, so I haven't looked into theirs.
 
HarveyJ said:
Not too sure on that one... I've already got a debit card, so I haven't looked into theirs.
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Nope. Not with their saver anyway. I like ing, no restrictions (atleast not that I've run into) on moving money in and out of the accounts. I have two savings there.
 
turbolapp said:
Actually it's not (I used to work for USAA). Under federal law they are required to be open to all us consumers. However the insurance stuff still is.
Click to expand...

Really? How do you apply to only their banking products, though? Seems like you have to become a "member" before you can use anything, and their website says that requires being military or having a relative that is.
 
For anyone who's interested, ING Business Savings accounts earn 3.15% interest, while ING Personal Savings only earns 3%. If you are going to have over $50,000 with them, it's best to get the Electric Orange checking account - See https://home.ingdirect.com/products/products.asp?s=ElectricOrange&NF=false for the rate structure.

Capital One seems to offer up to 3.85% from their offering at Interest rates for Capital One Online Savings Account .

There's always just putting it in the market (if you want to be safe, just do an index ETF), but that's not going to come close to the historical average at this point. Then again, if you properly diversity internationally, you could have a 10% gain over the past 6 months.
 
If your living in the US, you're going to be seeing a shit return with your current interest rates. You're much better off converting any money you don't need immediately into a foreign currency like AUD or maybe euro (dunno what the euro rate of return is like at the moment, I think it's 1-2% less than the AUD). You're going to see an extra 3-4% return on that money, plus the AUD/EURO will likely rally against the declining US dollar so you might see a bigger increase if you wait till the american dollar is in the shitter.

I wish the American dollar would strengthen - I remember when the AUD was trading at $0.49 per USD and it was friggin awesome because most if not all publishers pay me in USD. Now I gotta earn twice as much to see the same amount in my bank account.

Also, the ING USA division has a deal where if you deposit over $250 you get a $25 bonus. You need a promo code though, if anybody wants some lemme know.
 
I sure hope no one is holding $50k in an ING account. Put the money into a SEP or some oil securities. I only keep my tax money in ING, otherwise, at this point, the return is crap with them.
 
Supergeek said:
I've got a 5% savings account at USAA, but it's limited to military/retired and family.
Click to expand...

I have USAA for checking, savings, credit card, stocks, mutual funds, car insurance, home owner insurance and retirement. 90% of my portfolio.

They totally rock if you can get in the door!

They were running a promotion to get non-military recently with a large min to get in the door.
 
i keep all my FRNs (cash) at home. (i keep minimum in banks). i got myself out of stock market, bond market, whatever paper denominated shit.. i put everything into PHYSICAL gold and silver. i wish i had time machine to buy every single gold and silver back then they were dirt cheap.

RangeRider: John Exter's Golden Pyramid

like it or not, USD will crash. the bubble is simply too fucking big.
 
axxomarketing said:
i keep all my FRNs (cash) at home. (i keep minimum in banks). i got myself out of stock market, bond market, whatever paper denominated shit.. i put everything into PHYSICAL gold and silver. i wish i had time machine to buy every single gold and silver back then they were dirt cheap.

RangeRider: John Exter's Golden Pyramid

like it or not, USD will crash. the bubble is simply too fucking big.
Click to expand...

If anything crashes it's going to be the gold bubble
 
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