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Online Banks Boost Rates To Lure Savers

Wednesday, September 19, 2012 - 6:38 AM
From MarketWatch
Big online banks are bucking a trend and raising the rates they pay to savers. The question for consumers is whether it’s worth chasing higher yields from bank to bank.

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4
Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
Rep Points: 124,996
1. Wednesday, September 19, 2012 - 6:14 PM
Ally raised their Money Market Account yield to 0.95%.
2
ShorebreakShorebreak2,601 posts since
Apr 6, 2010
Rep Points: 14,076
2. Wednesday, September 19, 2012 - 7:35 PM
The 0.2% interest rate boost is hardly a lure in my book:D
3
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,425
3. Wednesday, September 19, 2012 - 8:18 PM
I too am underwhelmed.
2
pearlbrownpearlbrown1,430 posts since
Nov 2, 2010
Rep Points: 6,246
4. Wednesday, September 19, 2012 - 8:27 PM
Whelmed, but not overly...
2
darkdreamer4udarkdreamer4u174 posts since
Jun 11, 2010
Rep Points: 632
5. Thursday, September 20, 2012 - 10:01 AM
Re: 51hh @ 2. Wednesday, September 19, 2012 - 7:35 PM

"The 0.2% interest rate boost is hardly a lure in my book:D"

I totally agree. Just happened to notice the small upward tick because it looked different from their usual current rate.
2
ShorebreakShorebreak2,601 posts since
Apr 6, 2010
Rep Points: 14,076
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