Bankroll storage - 3.25% savings acct at HSBC

[theghost]

No fees, $1 min balance. (I am not affiliated with HSBC, just a heads up.)

link (http://www.us.hsbc.com/personal/personal_home_page.html)

[evans075]

[ QUOTE ]
What are the Maximum number of transactions (withdrawals/deposits) in a calendar month or statement cycle?

The OnlineSavings Account is subject to the "Transfer Limits (Savings, including Money market Accounts)" of our Rules for Deposit Accounts. Only six preauthorized, automatic, computer or telephone transfers can be made from the OnlineSavings Account to another account per calendar month or statement cycle (or similar period) of at least four weeks. You can make unlimited deposits or withdrawals using your ATM card, and you can make unlimited deposits into the account through any of the deposit methods listed above.



[/ QUOTE ]

This could be a problem for BWs!!

[shadow29]

Didn't I read something about ING having one too? Or maybe another bank? What rate is better?

[theghost]

ING has one, it was posted here in the zoo.
This (http://home.ingdirect.com/products/products.html) shows a 3% rate. But I came across this (http://www.ingdirect.co.uk/xos/aboutoursavingsaccount.asp?ct=1) account for UK residents, looks like they could get 5%. US residents get a worse deal I believe because the accounts are FDIC insured?

Don't know.

[SmileyEH]

I have an ING account. It looks like their rate is going to increase though judging by their little trend graph. Earned $3 on my first month!!!!

-SmileyEH

[coffeecrazy1]

I just got an account from ING for disposable income from my job. 3%, no min. balance, can withdraw any time, as much as you want.

The only trouble is that there is some lag between your request and the action.

But...I'm doing it b/c it's a heckuva lot better than just sticking my money in a non-interest checking account at Wells Fargo.

[theghost]

[ QUOTE ]
[ QUOTE ]
What are the Maximum number of transactions (withdrawals/deposits) in a calendar month or statement cycle?

The OnlineSavings Account is subject to the "Transfer Limits (Savings, including Money market Accounts)" of our Rules for Deposit Accounts. Only six preauthorized, automatic, computer or telephone transfers can be made from the OnlineSavings Account to another account per calendar month or statement cycle (or similar period) of at least four weeks. You can make unlimited deposits or withdrawals using your ATM card, and you can make unlimited deposits into the account through any of the deposit methods listed above.



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This could be a problem for BWs!!

[/ QUOTE ]

I don't mean to suggest this as an option for active bankroll, just for large sums that some have laying around in neteller getting 0%.

[evans075]

Ok gotcha I mis-read your post as saying this was an alternative to neteller. Sorry about that!

[evans075]

Not to intrude, but how much did you have in there to only get $3?

[theghost]

$3 in one month at 3% annual interest is $1200.

[Alpha13]

Presidential FSB currently pays 3.69 APY

Info here (http://www.fatwallet.com/forums/messageview.php?catid=52&threadid=473281&highlight _key=y&keyword1=ing)

I am looking onto foreign bank accounts as a long term solution, many countries have banks that have standard interest rates much higher than you'll find in the US (due to inflation or something else)

[ewile]

I may need to do this ING thing! The way I'm understanding this is that there can be a nice little triangle between Neteller, your regular checking account and the ING savings account.

May do this.

[AA suited]

can you link their onlinesavings acct to their free checking acct?