Wednesday, September 19, 2012 - 6:38 AM

Online Banks Boost Rates To Lure Savers

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.

KenBDG5,138 posts since
Nov 29, 2009
Rep Points: 116,957

1. Wednesday, September 19, 2012 - 6:14 PM

Ally raised their Money Market Account yield to 0.95%.

Shorebreak1,281 posts since
Apr 6, 2010
Rep Points: 4,785

2. Wednesday, September 19, 2012 - 7:35 PM

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

51hh1,033 posts since
Jan 16, 2010
Rep Points: 4,722

3. Wednesday, September 19, 2012 - 8:18 PM

I too am underwhelmed.

pearlbrown1,003 posts since
Nov 2, 2010
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4. Wednesday, September 19, 2012 - 8:27 PM

Whelmed, but not overly...

darkdreamer4u168 posts since
Jun 11, 2010
Rep Points: 597

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.

Shorebreak1,281 posts since
Apr 6, 2010
Rep Points: 4,785