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


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23 replies to this topic

#1 1234

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Posted 06 January 2012 - 07:31 PM

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



#2 BobWang

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Posted 06 January 2012 - 07:39 PM

Discover Bank

#3 Burgerwars

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Posted 06 January 2012 - 08:03 PM

Discover Bank


I feel like crying when I read 1% APY is a super-duper-high savings rate. But it is these days. :cry2: :cry2: :cry2:

#4 Ron1

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Posted 06 January 2012 - 08:05 PM

Alliant CU.


Ron.

#5 Ron1

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Posted 06 January 2012 - 08:13 PM

Incredible Bank.



Ron.

#6 BobWang

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Posted 06 January 2012 - 08:31 PM

I'd never heard of Incredible Bank.

Apparently, neither have BankRate nor BauerFinancial. ;)

#7 Mortgagase

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Posted 06 January 2012 - 09:03 PM

ING aka sharebuilder www.ingdirect.com

#8 trying_to_improve

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Posted 06 January 2012 - 09:08 PM

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

#9 1234

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Posted 06 January 2012 - 10:04 PM

I'd never heard of Incredible Bank.

Apparently, neither have BankRate nor BauerFinancial. ;)


Bob it is Wisconsin-based River Valley Bank :dntknw:

#10 BobWang

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Posted 06 January 2012 - 10:12 PM


I'd never heard of Incredible Bank.

Apparently, neither have BankRate nor BauerFinancial. ;)


Bob it is Wisconsin-based River Valley Bank :dntknw:

Ah, that would explain it. :P

#11 LustfortheMoment

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Posted 06 January 2012 - 11:12 PM

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

#12 Mr. Media

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Posted 06 January 2012 - 11:37 PM

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.

#13 Mr. Media

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Posted 06 January 2012 - 11:38 PM

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


Is that Lake Michigan?

#14 Never Here

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Posted 06 January 2012 - 11:43 PM

Sallie Mae

#15 foeplay

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Posted 07 January 2012 - 01:55 AM

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.

#16 Repairerer

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Posted 07 January 2012 - 01:57 AM

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%.

#17 foeplay

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Posted 07 January 2012 - 01:59 AM


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?

#18 Repairerer

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Posted 07 January 2012 - 02:02 AM



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.

#19 bullthistle

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Posted 07 January 2012 - 12:13 PM

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.

#20 kevinjjc

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Posted 08 January 2012 - 11:11 AM


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 by kevinjjc, 08 January 2012 - 11:12 AM.


#21 uh60james

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Posted 08 January 2012 - 02:12 PM

American Express Bank 0.90% no minimum, no fees.
Ally Bank 0.89% no minimum, no fees.

#22 Flowfaster

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Posted 10 January 2012 - 12:47 PM

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

#23 BobWang

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Posted 10 April 2012 - 12:26 PM

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

#24 hegemony

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Posted 11 April 2012 - 08:38 PM

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




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