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Best Nationally Available High APY Liquid Accounts in: Deal

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rated:
   posted: Nov. 20, 2007 @ 10:21a
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Sick of the restrictions placed on the Best current APY/APRs: The Daughter of The Mother - Checking, Saving, and Money Market: All Liquid Accnt Interest Rates! ?

Minimal restrictions:
1) Only nationally available liquid accounts

Message edited by: mhesidence on 2008-04-26 18:07:22 CDT
Moderator Comment: At the request of the finance community, this thread is now replacing Best current APY/APRs: The Daughter of The Mother - Checking, Saving, and Money Market: All Liquid Accnt Interest Rates! --VBMcGB — Apr. 28, 2008 @ 6:14am
   posted: Nov. 20, 2007 @ 10:22a

WSJ Prime Rate: 3.25% - Difference from best liquid account: -0.75%
Next FOMC meeting: Jan 27 2009
Fed Funds Rate: 0.25% - 0%
Fed Funds Rate Prediction

MMA = Money Market (Savings) Account
OSA = Online Savings Account
HYS = High Yield Savings (Account)
SA = Savings Account

Savings, Checking, and Money Market Accounts:


                                           Hard         Debit    ACH
 APY  Eff.  Bank/CU/Other             Min  Inq. Checks  Card  Orig/Target FW link  Notes                          
4.00% 10/08 DollarSavingsDirect SA    $1K   N     N      N       Y/N*     fw link  1% < $1K, no fees, no ACH pull
3.60% 12/24 Union FSB Money Market    $1    N     N      N       Y/Y      fw link  Only one external linked account?
3.60% 11/26 Savings Square SA         $1    N     N      N       Y/Y      fw link
3.57% 05/05 Century Bank Direct MMA   $1K   N     Y      Y       N/Y      fw link  only 3 free withdrawals/month
3.55% 12/05 Flagstar Express MMA       $0   Y     Y      Y       Y/Y      fw link
3.50% 12/17 Bank of Internet HYS       $0   ?     N      Y       ?/?      fw link  $100 to open, no fees
3.50% 12/29 Venture Bank Direct SA     $0   N     N      N       Y/Y      fw link
3.50% 11/19 CNB Bank Direct OSA        $0   Y     N      N       Y/Y      fw link  $1 min to open
3.50% 08/20 Wachovia MMA              $1K   Y?    N      N       Y/Y               $2.5K to avoid $10/month fee. Rate varies by Zip.
3.50% 06/04 ShoreBank OSA              $1   ?     N      N       Y/?      fw link
3.41% 05/05 Century Bank Savings     $100   N     N      N       N/Y      fw link  Only 3 free withdrawals/month
3.35% 01/05 Century Bank Checking    $100   N     Y      Y       N/Y      fw link  5 ATM surcharges rebated per month
3.30% 01/06 Doral Bank Direct HYS     $1K   ?     N      N       Y/Y      fw link  >$250 to avoid fees
3.25% 01/09 Corus Bank Ultimate MMA  $10K   N     Y      Y       N/Y               $100 open. $10K avoid $25/mo
3.25% 01/01 Alliant CU Savings         $5   Y     Y*     Y*      Y/Y      fw link  If<$100,0% APY; *via linked acct
3.25% 12/15 Indymac E-Money Market   $25K   N     N      N       Y/Y      fw link  $7 fee< $1K, FDIC run since 7/11
3.25% 12/26 GMAC Bank Online Savings   $0   N     N      N       Y/Y      fw link  Paper statements only.
3.25% 12/30 Provident Direct           $1   N     N      Y       Y/Y      fw link  limits on transfers. see thread.
3.25% 11/21 Amegy Bank MMA           $10K   N     N      Y       N/Y               $12/fee<$1K
3.15% 12/22 OnBank MM Savings          $1   N     N      N       Y/Y
3.11% 04/22 giantbank.com MMA         $1K   ?     Y      N       Y/Y               Min. 1K to open, < 1K = 0%
3.08% 12/24 IGObanking Savings         $1   N     N      N       Y/Y      fw link
3.06% 01/06 Bank of Internet MM        $1   ?     Y      Y       N/Y      fw link  $100 to open, no fees
3.06% 11/13 WT Direct Savings        $10K   N     N      N       Y/Y               0.50% < $10K, no fees
3.01% 12/21 E*Trade Complete Savings   $1   N     N      N       Y/Y      fw link
3.00% 01/06 Alliant High Rate Checking $1   Y     Y      Y       Y/Y      fw link
3.00% 12/22 OneUnited Bank Savings    $1K   N     N      Y       Y/Y      fw link  Int. quarterly.
3.00% 12/15 Sovereign Bank MM        $25K   N     Y      N       N/Y               <25k=2.25%, <$10k=1.75%, *$1k min to avoid $5 fee
2.97% 01/05 Nationwide Bank MMA       $1K   N     Y      Y       Y/Y      fw link
2.96% 01/01 Everbank YieldPledge MMA $1.5k  N     N      N       Y/Y      fw link  Intro. 3.18%, $4.95/mo < avg $1.5K
2.94% 12/15 Virtual Bank            $100K   N     N      N       Y/Y              $10k-$25k 2.28%,$25K-$50K 2.53%, $50K-$100k 2.74%
2.86% 12/15 E-Loan Savings Plus     $100K   N     N      N       Y/?      fw link  $5K open. no min. tiered. $100/mo deposit req.
2.84% 12/18 Zions Deseret MMA       $2500   N     Y      ?       N/Y      fw link
2.80% 12/23 FNBO Direct OSA            $1   N     N      N       Y/Y      fw link
2.80% 12/30 ING EO Checking         $100K   N?    Y      Y       Y/Y      fw link  .50% < 50K; 2.60% > $50K; 2.80% > $100k
2.79% 01/02 Amboy Direct Savings       $1   N     N      N       Y/N*     fw link  No ACH pull
2.75% 01/07 Cap One Costco Savings   $10K   N     N      N       Y/Y      fw link  1.55% < $10K, no fees
2.75% 01/05 Apple Bank Grand Yield     $1   N     N      N       Y/Y      fw link  $2500 to open
2.75% 12/31 Salem Five eOne Checking$100K   N     Y      Y       N/Y      fw link
2.75% 11/22 GMAC Bank Money Market     $0   N     Y      Y       Y/Y      fw link
2.75% 01/06 Umbrella Bank MMA         $1K   N     Y      Y       Y/?      fw link  3.00% for > $50k
2.64% 01/07 Cap One Online Savings   $10K   N     N      N       Y/Y      [L=fw link]
2.60% 10/21 HSBC Direct OSA            $1   N     N      Y       Y/Y      fw Link
2.60% 05/11 Presidential Bank SA      $5K   Y     Y      Y       Y/Y      fw link  $5K to open,  >$35K = 2.4%
2.50% 01/04 Citi Ultimate Savings      $0   N     N      N       Y/Y      fw link
2.50% 12/30 ING Direct SA              $1   ?     N      N       Y/N      fw link
2.50% 12/19 Emigrant Direct            $1   N     N      N       Y/N*     fw link  No ACH pull
2.50% 10/16 BankMutualDirect         $25K   Y     N      N       Y/Y               $125/mo if bal < $25K!
2.50% 11/25 Citi Ultimate Money        $0   N     N      N       Y/Y      fw link  Must have Citi checking
2.45% 05/21 SECU Advantage MM       $100K   N     Y      Y       N/Y      fw link
2.25% 01/04 Salem Five eOne Checking   $1   N     Y      Y       N/Y      fw link
2.00% 01/03 UFB Direct Traveler Svng $500   Y     N      Y       N/Y      fw link  500 AA miles; up to $4.50/stmt ATM reimb
1.90% 12/20 Countrywide SavingsLink  $50K   N     N      N       Y/Y      fw link  <$10K 1.30%, $10K-$50K 1.90%
1.51% 01/03 EverBank FreeNet Checking  $1   Y     Y      Y       Y/Y               Higher rates with balances over $10K; introductory 3-month bonus rate 3.76%
1.50% 01/07 E*Trade MaxRate Checking  $5K   Y     Y      Y       Y/Y      fw link  0.5% < $5K
1.50% 12/18 WaMu Online Savings        $1   N     N      N       Y/Y      fw link  Run by JP Morgan Chase since 9/25
1.50% 08/17 AmTrust Direct e-savings   $1   Y     N      N       Y/Y      fw link  4% for 90 days new money
1.00% 11/14 Schwab Checking            $0   Y*    Y      Y       Y/Y      fw link  2nd hard inq. w/ margin
0.20% 12/09 Fidelity mySmartCash       $0   N     Y      Y       Y/Y      fw link  Higher APY with FSLXX, ATM rebates


Reward Checking Accounts:

Most Reward Checking accounts have a cap on the balance that earns their high yield. Any balance above that cap will earn a much lower yield, typically 1.01% APY. They also have stringent requirements that must be met during each statement cycle, such as 10 debit card transactions, 1 direct deposit or other ACH transaction, receiving e-statements, and logging into on-line banking at least once. Not meeting the requirements for a statement cycle usually nullifies other features that might apply, such as ATM rebates, and drops the yield drastically, typically to 0.25% APY. Click on a link below or on Reward Checking Accounts (High Yield and Available to All) for details regarding a specific account.



 APY   Eff  Bank/CU/Other             Min HInq HY Cap Debits ACH  FW link   Notes
6.31% 10/01 MidWest America FCU        $0  N    25K     10    ?   fw link   25K , 0.11% APY, local only 100 mile radius
6.01% 00/00 Charter Bank               $0  N    25K     13    T   fw link   25K , 1.01% APY,  drops to 5.01% starting 2/2/2009
6.01% 04/01 Golden Plains CU           $0  ?    25K     10    T   fw link   25K , 0.51% APY, Local Only
5.15% 05/31 First New England FCU      $0  Y    25K     12    T   fw link   25K , 3.00% APY
5.06% 04/09 Heartland Community Bank   $0  ?    30K     10    T   fw link   30K , 1.31% APY
5.01% 00/00 Coulee Bank                $0  ?    25K     10    ?   fw link   25K , 1.01% APY
5.01% 00/00 Coastal Federal CU         $0  N    50K     12    T   fw link   50K , 0.60% APY
5.01% 04/30 West Texas National Bank   $0  ?    25K     10    T   fw link   25K , 0.85% APY
4.51% 05/15 The Bank of Fayetteville    ?  ?    50K     10    T   fw link   50K , 1.01% APY
4.44% 02/05 1st Arkansas Bank & Trust  $0  N    50K     10   O/T  fw link   50K , 1.76% APY
3.01% 03/20 State Bank of Toledo       $0  ?    70K     10    T   fw link   70K , 2.21% APY
4.01% 04/01 Provident CU               $0  ?    25K     10    T   fw link   25K , 1.01% APY
3.51% 07/20 Connexus CU                $0  ?    25K     10    T   fw link   25K , 0.75% APY

Accounts not insured by the FDIC or NCUA:


                                          Hard         Debit     ACH
 APY   Eff. Product                   Min Inq. Checks  Card  Orig./Target FW link  Notes
2.20% 12/09 Russell MMF                $1   N     N      N      NA/NA              RMMXX
2.16% 12/09 Fidelity Select MMF     $2.5K   N     N      N      NA/NA              FSLXX; Min. at Fidelity
2.06% 12/09 Fidelity Cash Resrv MMF $2.5K   N     N      N      NA/NA              FDRXX; Min. at Fidelity
0.58% 12/09 Fidelity Municipal MMF  $2.5K   N     N      N      NA/NA              FTEXX; Tax-exempt.

You can invest in a Money Market Fund (designated with MMF on this list) through various brokers, including on-line discount brokers. Use this APY calculator to convert the MMF's 7-day Yield to an APY based on daily compounding for comparison with other products in this Quick Summary. The MMF APY is converted from the 7-day Yield in the ticker link in the notes column. A Tax-exempt fund is one for which proceeds are not considered taxable income by the IRS. To convert a tax-exempt yield to it's comparative taxable yield, use this calculator.

[Mod Note: This newer thread is replacing this previous one. This is the only link to the old thread that should be in the QS. Please do not add a duplicate link. Thank you.][/L]

Message edited by: iLoveTahoe on 2009-01-09 16:48:02 CST
rated:
   posted: Nov. 20, 2007 @ 10:24a
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should be APY

EDIT: fixed.

Message edited by: lhendricks92 on 2008-08-04 13:08:42 CDT
rated:
   posted: Nov. 20, 2007 @ 10:49a
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Let the revolution begin.

Salem Five's top tier checking account is still 5.1% but requires $100K. But anything goes, right?

rated:
   posted: Nov. 20, 2007 @ 10:51a
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asdf9876 said:Let the revolution begin.

Salem Five's top tier checking account is still 5.1% but requires $100K. But anything goes, right?

Doesn't even have to be FDIC insured, but that should probably be noted.

rated:
   posted: Nov. 20, 2007 @ 12:39p
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I added Fidelity's new bank product. The interesting aspect it offers is the ability to buy Fidelity's money market mutual funds in the account. It will automatically sells shares to cover a withdrawal.

rated:
   posted: Nov. 20, 2007 @ 7:39p
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UFB Direct 5.31%

I'd add this, but I have to scroll left and right in the QS and I don't want to mess around and edit/change it, if that's how you want it.

rated:
   posted: Nov. 20, 2007 @ 8:38p
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I like the QS layout; much easier to glance than its other relative threads.

rated:
   posted: Nov. 21, 2007 @ 1:30a
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To whomever added the WAMU savings account, this thread is for liquid accounts, not accounts with a maximum number of monthly transactions and no check writing capabilities. There is another topic with savings accounts with high APYs.
edit: looking at these, many of the links are for online savings accounts. Is this a thread for high yield checking accounts or savings accounts? to me, a 'liquid account' is one that allows more than 6 monthly transactions.

Message edited by: theman2 on 2007-11-21 01:33:42 CST
rated:
   posted: Nov. 21, 2007 @ 1:35a
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theman2 said:To whomever added the WAMU savings account, this thread is for liquid accounts, not accounts with a maximum number of monthly transactions and no check writing capabilities. There is another topic with savings accounts with high APYs.

All "savings" accounts are limited to 6 withdrawals/months (as in WAMU, FNBO Direct, Emgrant Direct, ING direct, and Apple Grand Yield all listed above). They are still considered "liquid" unlike say CD's which don't allow any withdrawals unless you break the CD and pay a penality or the term ends.

rated:
   posted: Nov. 21, 2007 @ 1:37a
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Ive always thought of a liquid account as ANY MM, checking, savings, liquid CD etc that allows deposits and WDs. They can cap the max # of transactions and still be liquid

rated:
   posted: Nov. 21, 2007 @ 1:49a
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can the quick Summary be edited to include a "Date last edited" column so we know how up to date the numbers and notes are?

rated:
   posted: Nov. 21, 2007 @ 2:50a