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Best Bank Account Interest Rates - Summary for Week Ending June 1, 2014

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Best Bank Account Interest Rates - Summary for Week Ending June 1, 2014

We’ll need to see a sustained improvement in the economy before we see higher deposit rates. Hopefully, we’ll see the start of that improvement in Friday’s May employment report. As described in this CNBC article:

A strong surge in non-farm payrolls could indicate a spring rebound, and could set the path for above-trend economic growth. Alternately, a weak number may suggest that the weakness in the first quarter isn't as weather-related as the bulls would hope.

Strong economic growth wasn’t shown in last week’s Q1 GDP report. According to the Calculated Risk Blog, "GDP declined at a 1.0% annual rate in Q1. This is disappointing, but not concerning looking forward." This kind of disappointing economic news is similar to what we’ve seen over the last few years.

The disappointing economic news has pushed Treasury yields down. These changes are shown below. The following numbers are based on Daily Treasury Yield Curve Rates and the CME Group FedWatch.

Treasury Yields:

  • 1-month: 0.05% up from 0.04% last week
  • 6-month: 0.06% up from 0.05% last week
  • 2--year: 0.37% same as last week
  • 5--year: 1.54% down from 1.55% last week
  • 10-year: 2.48% down from 2.54% last week
  • 30-year: 3.33% down from 3.40% last week

Fed funds futures' probability of rate hike by:

  • Jan 2015: 11% down from 12% last week
  • Apr 2015: 27% up from 26% last week
  • Jul 2015: 58% up from 56% last week
  • Oct 2015: 82% up from 81% last week

Savings and Money Market Account Rates

There were no rate changes in my short list of top savings and money market accounts. In the previous week, iGObanking.com cut its top tier rate of its money market account from 1.00% to 0.90%. Since this requires a $25K minimum balance, I decided to replace it with two savings accounts that have the same 0.90% rate but no minimum balance requirement. These two accounts are from Barclays and GE Capital Bank.

The number of institutions offering a non-promo 1% savings or money market account remains at five. Out of these five, the accounts at Connexus Credit Union and SmartyPig have the longest history of top rates.

Reward Checking Accounts

Last week was a quiet week for reward checking accounts. There were no rate or balance cap changes for my top 10 nationally available reward checking accounts.

However, Bank of Internet USA announced requirements changes that will take effect in July. Its top yield of 1.25% and the $150K balance cap will remain the same. After the change, customers will have to make at least 15 debit card purchases a month to qualify for the 1.25% APY. In addition, each purchase has to be at least $3. Currently, only 6 debit card purchases of any size are required. I’ll have more on this change in a future post.

To find the highest reward checking rates and balance caps in your state or nationwide, please refer to our reward checking rate table. If you're new to reward checking, please refer to my blog post, 10 Common Traits of High-Yield Reward Checking.

Certificate of Deposit Rates

I’ve decided to consolidate my weekly CD recap into my bank deals recap. Also, I’m going to focus on just the top deals. The goal is to make sure the real good deals are highlighted.

One nice change for June came from NASA Federal Credit Union. Its special 49-month CD yield increased from 2.00% to 2.25%. Also, it introduced a new 15-month CD special with a 1.25% APY. As I described in my last review, NASA FCU makes it easy for anyone to join via an association (see my last NASA FCU CD review).

Another addition to the list is a 7-year add-on CD from Tobyhanna Federal Credit Union (TobyFCU). It’s called the Prime Rate Certificate, and it currently has a rate of 3.04%. I reviewed this CD and TobyFCU’s easy membership in this blog post.

A few banks and credit unions cut their CD rates or ended their CD specials. EverBank reduced its 5-year CD yield from 2.23% to 2.20%. The local banks of Dollar Bank and ABNB FCU in Virginia cut their long-term CD rates, and Patriot FCU in PA and MD ended its 3% 5-year CD special.

Noteworthy Rate Changes and Additions:

New Additions

  • Tobyhanna FCU CD 7-year add-on - 3.04%
  • NASA FCU CD 49-month CD - 2.25% [was 2.00%]
  • NASA FCU CD 15-month CD - 1.25%

Removals

  • Patriot FCU (local) 5-year CD - 1.50% [was 3.00%]
  • iGObanking.com MMA - 0.90% ($25K+)

Rate/Balance Cap Cuts:

  • Fidelity Brokered 10-year CD - 3.20% [was 3.30%]
  • Dollar Bank (local) 10-year CD - 2.80% [was 3.00%]
  • EverBank 5-year CD - 2.20% [was 2.23%]
  • ABNB FCU (local) 63-month CD - 2.20% [was 2.60%]

The rates listed below are based on Annual Percentage Yield (APY). MMA next to the rates indicate a money market account. Most MMAs have check writing and ATM cards. Online savings accounts usually lack both of these. Previous weekly summaries are available at this page.

Rates as of June 2, 2014

Savings and Money Market Accounts

InstitutionRatesNotes
Connexus Credit Union1.15% ($100K) 1.00% ($50K) 0.75% ($20K)MMA - active chk required
Quorum Federal Credit Union1.05%HighQ Savings Account
SFGI Direct1.01%savings account, account review
MySavingsDirect1.00%savings account - account review
SmartyPig1.00%savings account - account review
GE Capital Retail Bank (formerly MetLife)0.95%Savings
Incredible Bank0.95% ($2.5K min)MMA account review
CIT Bank0.95% ($25K) 0.90% ($100)savings account, account review
Sallie Mae Bank0.90%MMA account review
Barclays0.90%savings account
GE Capital Bank0.90%savings account

Nationally Available Reward Checking Accounts:

Top Reward Checking Accounts with $10K Balance Caps

InstitutionRatesAccount Name
Consumers Credit Union4.09% (up to $10K) 0.20% ($10K-$25K) 0.10% ($25K+)Rewards Checking - with cc requirements
Great Lakes Credit Union3.00% (up to $10K) 0.05% ($10K+)Ultimate Checking
Capital Educators Federal Credit Union2.50% (up to $10K) 0.20% ($10K+)High Yield Checking

Top Reward Checking Accounts with $15K & $20K Balance Caps

InstitutionRatesAccount Name
INOVA Federal Credit Union3.00% (up to $20K) 0.15% ($20K+)Ovation Checking (not available to PA residents)
Lake Michigan Credit Union3.00% (up to $15K) 0.00% ($15K+)Max Checking
Belvoir FCU2.53% (up to $15K) 0.05% ($15K+)CUXcel Checking

Top Reward Checking Accounts with $25K Balance Caps

InstitutionRatesAccount Name
ABCO Federal Credit Union1.76% (up to $25K) 0.20% ($25K+)Premiere Checking
Provident Credit Union1.76% (up to $25K) 0.11% ($25K+)Super Reward Checking
Connexus Credit Union1.75% (up to $25K) 0.25% ($25K+)Xtraordinary Checking

Top Reward Checking Accounts with Balance Caps of Over $25K

InstitutionRatesAccount Name
Bank of Internet USA1.25% (up to $150K) 0.00% ($150K+)Rewards Checking

Certificates of Deposit:

Top Short-Term CDs (under 30mo) - Nationally Available

InstitutionRatesNotes
Xceed Financial Credit Union1.50% 17-month CD
Third Federal1.50% 29-month CDpromotional
Quorum Federal Credit Union1.25% 13-month CD
NASA Federal Credit Union1.25% 15-month CD
USAlliance Federal Credit Union1.21% 13-month CD
Melrose Credit Union1.15% 1-year CD
GE Capital Bank1.10% 1-year CD
GE Capital Retail Bank1.10% ($2K min) 13-month CDCD special
EverBank1.10% 1-year CD
EverBank1.10% checking/MMA intro 6-month rate ($100K/$50K max)account review

Top Short-Term CDs (under 30mo) - Local Only

InstitutionRatesRegion
Institution For Savings2.00% 2-year CDparts of MA
Greater Nevada Credit Union1.70% 27-month CDNorth Nevada
NavyArmy Community Credit Union1.45% ($100K) 1.15% ($1K) 1-year CDCorpus Christi, TX metro
South Florida Federal Credit Union1.26% 1-year CDSouth Florida
Doral Bank NY1.20% 1-year CDNYC
HAB Bank1.15% 1-year CDSouthern California

Top Long-Term CDs (30mo+) - Nationally Available

InstitutionRatesNotes
Fidelity New Issue Brokered CD3.20% 10-year non-callable CDissued by Discover Bank
Tobyhanna Federal Credit Union3.04% 7-year add-on CDaccount review
Apple Federal Credit Union2.60% 10-year CDEarly Closure Yields after Penalty
Franklin Federal Savings Bank2.42% 7-year CDEarly Closure Yields after Penalty
GE Capital Retail Bank2.30% ($25K) 2.25% ($2K) 5-year CDEarly Closure Yields after Penalty
GE Capital Bank2.30% 6-year CDEarly Closure Yields after Penalty
CIT Bank2.30% ($100K) 2.25% ($1K) 5-year CDEarly Closure Yields after Penalty
VirtualBank2.28% 5-year CDEarly Closure Yields after Penalty
NASA Federal Credit Union2.25% 49-month CD
Barclays2.25% 5-year CDEarly Closure Yields after Penalty
EverBank2.20% 5-year CDEarly Closure Yields after Penalty

Top Long-Term CDs (30mo+) - Local Only

InstitutionRatesRegion
Hutchinson Credit Union3.15% ($250K) 3.10% ($100K) 3.05% ($25K) 10-year CDKansas
MidFirst Direct3.00% 10-year CDAR, AZ, CA, FL, MO, NH, NV, NY, OK, TX, and WY
Frick Tri-County Federal Credit Union3.00% 10-year CDparts of Western PA
Dollar Bank2.80% 10-year CDPittsburgh and Cleveland
MidFirst Direct2.75% 7-year CDAR, AZ, CA, FL, MO, NH, NV, NY, OK, TX, and WY
Doral Bank NY2.70% 10-year CDNYC
ABNB Federal Credit Union2.20% ($100K) 63-month CDNorfolk/Virginia Beach metro
Greater Nevada Credit Union2.20% 37-month CDNorth Nevada
NavyArmy Community Credit Union2.05% ($100K) 1.75% ($1K) 3-year CDCorpus Christi, TX metro

Bank Account Alternatives - NOT FDIC Insured

InstitutionRatesNotes
Ally Financial Demand Notes1.25% rate for $50k+Ally Demand Notes review
Duke Energy PremierNotes1.25% rate for $50K+Duke Energy PremierNotes review
Ford Interest Advantage1.10% rate for $50k+Ford Interest Advantage review
Vanguard Prime Money Market Fund0.01% 7-day yield
Vanguard Tax-Exempt Money Market Fund0.01% 7-day yield
Fidelity Money Market Fund0.01% 7-day yieldreviews on Fatwallet
Fidelity Municipal Money Market Fund0.01% 7-day yield
TIAA-CREF Money Market Fund0.00% 7-day yield


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Comments
58 Comments.
Comment #1 by Anonymous posted on
Anonymous
When 100 million people depend on the nation for entitlements, welfare, fraudulent disabilities, food stamps, housing, health care, communication, transportation and other hand outs, there is no way on earth this nation can pick up and dust off the dirt and continue like nothing ever happen,
The interest rates are irrelevant for now and are conditional to many variables as per Yellen, therefore, do not expect much for foreseeable future.
There are no jobs to create wealth and without them, the rates will be low. Borrowing to feed this nation is not sustainable on long run and the cost of running this nation is astronomical.
Do not believe a word what Obama and the democrats tell you, it is all lies.

26
Comment #2 by Anonymous posted on
Anonymous
If anyone believes a word out of the mouths of the Republicans then they are even more gullible. Both major political parties support the oligarchy we have been living under since that actor fellow became president and introduced the country to a system called 'Reaganomics'. As a result, in terms of types of financial wealth, the top one percent of households have 35% of all privately held stock, 64.4% of financial securities, and 62.4% of business equity. The top ten percent have 81% to 94% of stocks, bonds, trust funds, and business equity, and almost 80% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.

24
Comment #4 by Anonymous posted on
Anonymous
#2, Yeah right, and the republicans want to bring more and legalize the existing 60 millions illegals. Keep drinking the cool aid you will need it when this country collapses under the democrats.

20
Comment #5 by Anonymous posted on
Anonymous
It already collapsed in 2008. Where have you been?

13
Comment #11 by Anonymous posted on
Anonymous
#5, banking collapse is not the same as economical and social collapse. You must be a democrat, blame it on something else and lie about it.

15
Comment #17 by Anonymous posted on
Anonymous
Right you are, #11.  If #5 thinks our country has already collapsed, they haven't seen any thing yet.  Wait and see how bad it is really going to get.

13
Comment #23 by me1004 posted on
me1004
#11, in case you didn't notice, the whole economy collapsed in 2008, not solely the banks! In fact, first the economy went down and finally collapsed and so people could not pay their bills and mortgages or buy more, and that brought down the banks.

4
Comment #25 by Anonymous posted on
Anonymous
You like to call people Democrats, as if it's something demeaning, and liars to justify your wild predictions when you can't back-up anything with facts.

3
Comment #30 by Anonymous posted on
Anonymous
Don't most Democrats depend on the government for handouts?  That's the reason they voted for Obuma for a second term?

7
Comment #43 by Anonymous posted on
Anonymous
#25, yes, the democrats lie cheat and still elections, they make illegals vote, they promote laziness, handouts, they open the boarders to any illegals, they create problem then pretend to be solved by them, they have taken over the media and are using it as their propaganda machine, they run government without budgets, and the list is endless.
Just don't make me go on the foreign policies, they are total disaster. Obama turn into dictator and the democrats are turning the other chick and are not opposing anything he does. Reid became butler to Obama and Pelosi clean up girl and the rest just agree to what ever Obama want to do.
It looks like a big disorder to rest of us, except to all of you democrats who support such administration.

8
Comment #44 by Anonymous posted on
Anonymous
And, the other party luvs the greater number of people to hire to push labor rates down!   A win-win for both parties!

2
Comment #46 by Anonymous posted on
Anonymous
#25, show me one thing the democrats have backed up with facts. It has been lie after lie, just look at ACA, they will be bailing the insurance companies at a cost of a trillion dollars for the next 10 years. If that was not enough, the lies about the budget, the debt the unemployment, inflation...the list is endless.
The only thing the democrats never reveal is the truth and facts. You may dream as much as you want but the facts speak against the democrats, just look at Obama, he is evil and hates America, do I need say more.

7
Comment #6 by gregk posted on
gregk
Typically I ignore your rhetorical screeds #1 as so blatantly partisan and lacking in any insight and discrimination (or even accurate facts) that response would be pointless and just invite you to regurgitate the rants that so many of us are weary of here.  But perhaps just one time you might offer up your 5 point positive prescription for righting things in our economy (and society at large).  During the last presidential campaign Mitt Romney's economic proposals included very large tax cuts and a huge increase in defense spending as part of his "debt reduction" strategy.  I assume you would echo those Republican planks and add the repeal of AFA (something Romney always seemed uncomfortable advocating for given that he provided the model for it).  The mass arrest and deportation of all illegal immigrants and elimination of all social welfare programs for the disadvantaged would likely be points 3&4 in your program, and most obvious of all as #5 the closing down of the Fed and perhaps imprisonment of its leading officials (though remember, Greenspan & Bernanke have both been life long died-in-the-wool Republicans).  What am I missing here?  Add 5 more necessary actions for reversing the Democratic disaster so despised by you.  Balance the budget and pay off the debt.  What would it take?

9
Comment #9 by Anonymous posted on
Anonymous
Points to save the country:

1. Cut taxes

2. Cut spending - start with 50% cut in defense spending

3. Domestically and internationally, keep government out of people's lives

4. Make dollar stronger

5. Raise interest rates

6. Encourage deflation

7. End the fed

7
Comment #12 by Anonymous posted on
Anonymous
#9, good points, however the democrats can not do any of it, we must get read of them first.

16
Comment #27 by Anonymous posted on
Anonymous
You are out to lunch. Both parties are beholden to Wall Street and mega-oligarchs like the Koch brothers. End gerrymandered congressional districts, remove the money from campaigns and have effective term limits.

3
Comment #7 by Anonymous posted on
Anonymous
Still can't viw CD's other than 1 year and 9 month because there is no way to change the length other than a drop down box that is not working. Would be nice to change navigation so that it would be easier to to to other length of CD once in a CD page.

1
Comment #19 by Ken Tumin posted on
Ken Tumin
Sorry to hear about this problem. That is a good idea about links to other CD tables. I'll see if that can be done.

2
Comment #8 by QED posted on
QED
Prudent CD investors will note carefully today's EPA announcement.  President Obama is on record as saying he wants cost of electricity to rise.  Today's EPA action will help that along.  But this is not just about increased costs for your electric power at home.  The costs of goods and services you buy will escalate as providers pass along their higher costs for electric power.  Milk for instance, to take one example from among millions, must be refrigerated prior to its purchase.  That refrigeration is powered by electricity.  The stores will have to charge more for milk, and for a great many other things.

So as you think about the return on those CDs, and which you should buy, factor in still more inflation going forward . . . courtesy of the EPA.   

8
Comment #10 by Anonymous posted on
Anonymous
Reducing the use of fossil fuels doesn't necessarily lead to more expensive electricity.  Renewables like solar and wind have upfront costs, but long term they basically produce electricity for free.  And no more money has to go to the cheap oil sources like the Middle East and Russia.  The ones who lose a little are the oil and gas companies, but with record profits they can afford to.  

5
Comment #14 by Anonymous posted on
Anonymous
#10, do you know the maintenance cost for wind turbines and they are idled 80% of the year due to no wind.
Do you know that solar photo cells generate power only about 6 hours per day and must be replaced every 15-20 years do to internal shortages, electrical counter current leaks and be cleaned regularly from dirt and dust that accumulate on them.
Do you think the democrats will stop with coal as fuel or will include, oil, gas, methane, LPG and other burning fuels?
You are being brainwashed my friend by the democrats.
Everything will be more expensive and the SS recipients will be given no meaningful COLA in future, again manipulated by FEDs.

19
Comment #16 by QED posted on
QED
You're right, obviously . . . but you need to give it up.  There are none so blind as those who refuse to see.  Here is a direct quote from President Barack Obama himself:

 "Under my system of cap and trade, electricity rates would necessarily skyrocket."

Note the references to cap and trade in the EPA announcement.  Then make allowances for this asinine outrage in future CD purchases.

As for the naysayers, they richly deserve the fate which awaits them.  The damage they already have done is inestimable.

6
Comment #36 by Anonymous posted on
Anonymous
With all due respect, I can speak from experience that your perceptions about fossil fuels vs. renewables are mistaken.  I am from MA, where windmills and solar panels are commonplace and produce electricity much more reliably than your statements.  On the other hand, my folks are from PA and when I visit there instead I see shale gas wells.  But when I compare the cost of production on our electric bills, cost per kwh in both states is similar.

It would seem this is one issue that should not be so political and polarized.  Nobody has ever proposed eliminating coal and oil, only replacing some of it with alternatives (energy efficiency, green energy, etc).  Done properly this does not necessarily cost the little guy more, especially compared to the benefits of less pollution.  The ones that do have to lose are the coal and oil companies and cheap but unstable oil producing parts of the world.

1
Comment #45 by Anonymous posted on
Anonymous
One word: subsidies

2
Comment #24 by Anonymous posted on
Anonymous
Solar and wind will never be free forms of energy nor will they provide the necessary 24/7 power requirements of a modern society.  

9
Comment #29 by Anonymous posted on
Anonymous
You should be around to see it occur despite your dour outlook.

1
Comment #13 by Anonymous posted on
Anonymous
#8, And who ordered the EPA to do way with coal, Obama and the democrats, do you people see a pattern here?

15
Comment #15 by Anonymous posted on
Anonymous
Just perhaps cleaner air. Coal generates 44% of our electricity, and is the single biggest air polluter in the U.S. A typical (500 megawatt) coal plant burns 1.4 million tons of coal each year. As of 2012, there are 572 operational coal plants in the U.S. with an average capacity of 547 megawatts. Coal pollutes when it is mined, transported to the power plant, stored, and burned.

6
Comment #18 by Anonymous posted on
Anonymous
Well as long as you are blaming coal as the biggest single polluter.  Why not blame all the people who demand so much electricity for their creature comforts?  Cut it at it's source.  Limit every household to X amount of kilowatts of electricity per year.  Quadruple the price for anything used over the limit  and use that money to install efficient scrubbers on the coal fired power plants to reduce their pollution.

1
Comment #20 by Anonymous posted on
Anonymous
Is that all the coal industry talking points you can come up with? Existing power plants are the largest source of the nation’s carbon dioxide emissions, accounting for 38 percent. (The transportation sector comes in second, at 32 percent.) Much of this pollution stems from aging, coal-fired power plants. By the way, consumer electricity rates have declined over the past five years in the 11 states that use the most wind, while rates increased collectively in all the other states during that same period. So much for your fear mongering about prices.

2
Comment #21 by Anonymous posted on
Anonymous
Please turn off your AC , no heat and your computer. Maybe you can hop a ride on Al Gores private jet or stay at his large house. Let's put wind turbines next to the green people so they can hear the noise and watch the birds die. When their is no wind or light the renewables are useless and guess where your power is coming from. Energy efficiency is a good way to go but no more tax incentives. Nuclear is also an option that van work 7x24.

4
Comment #32 by Anonymous posted on
Anonymous
Give Obama a break.  He revolutionized the health care industry.  So give him a chance to do the same for the energy industry.

1
Comment #34 by Anonymous posted on
Anonymous
Yea, give Obuma a break.  He has little time left to break the whole country.

12
Comment #56 by Anonymous posted on
Anonymous
Don't blame Obama.  Blame the non-American people who voted for him.

1
Comment #38 by Anonymous posted on
Anonymous
#8, there is a bill in congress to tax all wood burning stoves, fireplaces and boilers.
EPA and the democrats with their chief will make your life miserable forever and some of you could care less. The only thing the democrats in congress care, is how to raise taxes and then spend them on irrelevant or worthless project or on the lazies. How can you not see that, makes me wonder, if the obvious is ignored then the ignorant will pay for it over and over again.

12
Comment #57 by Anonymous posted on
Anonymous
Sadly once again a completely mistaken post.  There is NO proposal in Congress to tax all wood burning stoves, fireplaces, and boilers.  On the contrary, there has actually been a tax CREDIT for wood burning stoves for several years.  For background see www.taxloops.blogspot.com/2013/04/tax-credit-for-wood-burning-stoves.html

1
Comment #62 by Anonymous posted on
Anonymous
#57, there are 3 bills in congress to tax wood burning appliances, even open pit burning. Get more pro-active before you lie or that is how the democrats operate, lie first then pretend I did not know when caught red handed.

1
Comment #37 by Anonymous posted on
Anonymous
To all of you die hard democrats, your buddies in congress and senate and the white house are destroying this nation and you are still defending them. How sad times to see intelligent people vote for the evil persons when fully knowing they are not working for us. Just look at Obama, Reid, Pelosi Shummer, .. and many many more, they turned this country into a dump, but you still can not see that. Being stubborn is not a virtue, being prudent and analytical and objective is.

12
Comment #39 by Anonymous posted on
Anonymous
"Prudent and analytical and objective" certainly can't be ascribed to your posts. That's for sure.

Meanwhile, I think I'll buy more shares in renewable energy companies while you contemplate your state of dread and fear of the future.

8
Comment #40 by Anonymous posted on
Anonymous
Amen to #39!

3
Comment #48 by Anonymous posted on
Anonymous
#39, people who live in denial, burn first when renewable energy fails to light up their future.

8
Comment #59 by Anonymous posted on
Anonymous
#39, more lies from a democrat, what else to expect by lies. They started to ban home installations of photo cells due to havoc that creates on the grid with voltage spikes and harmonics that destroy the computers and other sensitive machines.

3
Comment #41 by Robert (anonymous) posted on
Robert
I have an Ally CD that matured on June 1.  Ally offered a 0.15% APY loyalty bonus to renew it.  I also have an Ally CD that will mature on July 1.  Ally offered a 0.05% APY loyalty bonus to renew it.  I'll double check with Ally to see if this is a typo, but given Ally's recent trend toward lower rates, I think it's all they are offering now.  Too bad - Ally used to be great deals.  Now they are falling further and further behind other banks.

4
Comment #42 by Robert (anonymous) posted on
Robert
Confirmed: Starting July 1, 2014; the loyalty bonus is reduced to 0.05%.  I confirmed this via chat with an Ally associate.  They said this applies to all renewing CD's after July 1, 2014.  They said they review the loyalty percentage quarterly and they feel 0.05% is still competitive.  That may be true, but their base rates aren't as great as they used to be.

7
Comment #49 by Anonymous posted on
Anonymous
This is terrible.  I think I will leave Ally when my CD matures.

5
Comment #50 by Anonymous posted on
Anonymous
Good by # 49!

2
Comment #51 by Robert (anonymous) posted on
Robert
I agree. I'm pulling my money from Ally as my CD's mature.  Instead of Ally no-penalty CD's at 0.87+0.05=0.92% APY, I can create Goals at SmartyPig each earning 1.0% APY.  Goal creation and closure at SmartyPig can be done totally online, whereas CD closure (and changes to CD's at renewals) at Ally requires a phone call or a chat session. Not a big difference in APY I realize, but because of SmartyPig convenience, I'm going to start making the switch.

3
Comment #53 by gregk posted on
gregk
Curious that when an FI who's trumped the competition long enough to create expectations merely becomes competitive again (Ally) they earn the status of villains.  Come December and we don't see PenFed offering 5 & 7 year 3% (or more) CD's, the outrage will be rampant.

4
Comment #54 by Anonymous posted on
Anonymous
I, for one, will not be outraged.  But I will be disappointed.  PenFed has been really been good to me over the years, earning more interest than I could have gotten anywhere else.

3
Comment #55 by Robert (anonymous) posted on
Robert
Good point gregk. But when a bank as big and powerful as Ally is a leader, I expect it to remain a leader. Besides, it's fun to complain.

3
Comment #52 by Anonymous posted on
Anonymous
I agree with Obama (I'm a poor democrat), how dare you save and not give your money to the poor, shame on you, greedy people, re-distribute your wealth now or I will make Obama order negative rates for you to pay for your selfishness, like Europe did today.
Stop complaining, give your money to charities and end your whining.

6
Comment #60 by Anonymous posted on
Anonymous
How true #52, if the real democrats practice what they preach, there should be no democrats with saving accounts, CDs and other investments, but obviously the democrats just criticize the others, but do the opposite, hypocrites.

3
Comment #63 by Anonymous posted on
Anonymous
Interesting observation #52 and very true. They vote for the democrats, but are fealty rich and want easy money without realizing the easy money will be taken back in bigger taxes. after all, they did not make that wealth by themselves, Obama's credo. Now I understand why the democrats are hypocrites and liars.

1
Comment #65 by Anonymous posted on
Anonymous
Google "filthy rich liberals" and read about true hypocrisy.

1
Comment #61 by Anonymous posted on
Anonymous
Did anyone else notice the rate is the same however they are changing the requirements to get the full 1.25% rate at bank of internet. Now you must have a direct deposit of 1000, and 15 purchases of $3 or more the get the full rate.

1
Comment #64 by Anonymous posted on
Anonymous
When will rates rise?

1