What is the place to have savings account with a hight return.

[1234]

Name your best place to deposit a savings account with a high return.

[BobWang]

Discover Bank

[Burgerwars]

Discover Bank

 

I feel like crying when I read 1% APY is a super-duper-high savings rate. But it is these days.

[Ron1]

Alliant CU.

 

 

Ron.

[Ron1]

Incredible Bank.

 

 

 

Ron.

[BobWang]

I'd never heard of Incredible Bank.

 

Apparently, neither have BankRate nor BauerFinancial.

[Mortgagase]

ING aka sharebuilder www.ingdirect.com

[trying_to_improve]

Lmcu. It's a checking account that offers 3% up to 15,000.

[1234]

I'd never heard of Incredible Bank.

 

Apparently, neither have BankRate nor BauerFinancial.

 

Bob it is Wisconsin-based River Valley Bank

[BobWang]

I'd never heard of Incredible Bank.

 

Apparently, neither have BankRate nor BauerFinancial.

 

Bob it is Wisconsin-based River Valley Bank

Ah, that would explain it.

[LustfortheMoment]

Savings Account with a high return is an oxymoron these days.......

[Mr. Media]

Alliant CU.

 

 

Ron.

 

Actually, Alliant just dropped the rate from 1.14 to 0.95 I believe... so the 1% at Discover may be the place now. I was so bummed about that, having just moved about $50k over to Alliant about 90 days ago.

[Mr. Media]

Lmcu. It's a checking account that offers 3% up to 15,000.

 

Is that Lake Michigan?

[Never Here]

Sallie Mae

[foeplay]

I use LMCU HYC, Alliant and ING for my savings.

 

What was high APY on savings account when times were great? It's always sucked at places like BOA.

[Repairerer]

I use LMCU HYC, Alliant and ING for my savings.

 

What was high APY on savings account when times were great? It's always sucked at places like BOA.

 

I think it was 5% or more in the 90s, but mortgage rates were 8%.

[foeplay]

I use LMCU HYC, Alliant and ING for my savings.

 

What was high APY on savings account when times were great? It's always sucked at places like BOA.

 

I think it was 5% or more in the 90s, but mortgage rates were 8%.

 

Makes me kinda glad I never cared before I came here because I'd be really sad right now.

 

What about cash back rewards on credit cards?

[Repairerer]

I use LMCU HYC, Alliant and ING for my savings.

 

What was high APY on savings account when times were great? It's always sucked at places like BOA.

 

I think it was 5% or more in the 90s, but mortgage rates were 8%.

 

Makes me kinda glad I never cared before I came here because I'd be really sad right now.

 

What about cash back rewards on credit cards?

 

Sucky! IIRC, Discover was the first card to be publicized as a cashback card. It was 1%. Flights were a lot more expensive so it was much more worthwhile to use a miles card.

[bullthistle]

If you plan on socking away some money for a while go to Treasury Direct. In May they were paying over 4% for 6 months when it changes. Only $5000 annually.

[kevinjjc]

Alliant CU.

 

 

Ron.

 

Actually, Alliant just dropped the rate from 1.14 to 0.95 I believe... so the 1% at Discover may be the place now. I was so bummed about that, having just moved about $50k over to Alliant about 90 days ago.

 

Alliant and Discover have essentially the same savings dividend:

 

             Rate (%)    APY (%)    
Alliant CU      0.995       1.00    
Discover Bank 	1.00        1.00

Edited January 8, 2012 by kevinjjc

[uh60james]

American Express Bank 0.90% no minimum, no fees.

Ally Bank 0.89% no minimum, no fees.

[Flowfaster]

I go with Alliant the are pretty good. I have most of my cash with them.

[BobWang]

Discover Bank, in March, quietly dropped rate from 1.00% to 0.90%

[hegemony]

alliant has been much more stable than others. I am getting too old to chase rates about the country.