Of all the online banks I've used, I found dollar savings direct to have the highest rate. When I used them most was when rates were around 4%. The interface is a little old looking, but I never had problems transferring money in and out of the bank. Overall I found that they offered a good service for what I was looking for at the time. If you're looking for a money market account I highly recommend Dollar Savings Direct. At the time I used them they also didn't have an export feature for tax files in TXF format. It was fairly simple to enter this information manually though. With rates at less than 1% I find that it is better just to keep the money in my brokerage account.

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1

A Good E-Savings Account

Posted by: Anonymous | Nov 15, 2010

This is a wonderful e-savings account -- very easy to set up, use, and transfer in and out. The customer service has been excellent, the few times I dealt with them. I just wish their APY would rise (as of 11/15/10 -- 1.1%) after being on top of the USA a couple of years ago. Also, check the strength ratings of this bank...

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1

Rates Well Below Average

Posted by: Tee | May 20, 2014

Rate is way to low to keep your account here...

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3

Rates Well Below Average Now

Posted by: 767 | Dec 31, 2012

I've had this account this 2007. At the time, they were paying a very competitive interest rate. I switched over from Capital One Online Savings Bank. Unfortunately, their rate has steadily declined to below average so it's now time to switch to another bank, American Express. Never had any real problems with them customer service-wise aside from the uncompetitive interest rate.

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5

Health

B+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #	12054
Year Established	1850
Employees	573
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.4%
Return on Equity - YTD	2.37%
Annual Interest Income	$133.0MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$6.46B$5.99B
Loans	Q2 2016vs Q2 2015	$4.29B$4.00B
Deposits	Q2 2016vs Q2 2015	$5.20B$4.57B
Equity Capital	Q2 2016vs Q2 2015	$1.11B$1.07B
Loan Loss Allowance	Q2 2016vs Q2 2015	$72.5MM$77.6MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$199.3MM$255.4MM
Real Estate Owned	Q2 2016vs Q2 2015	$49.8MM$54.0MM

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.