In which bank do you have a savings account? And how much is the rate of interest?
First Tech...rates I cannot exactly remember but they suck...Wells Fargo probably my next new bank
I recently opened a savings account at Ally. The current rate is 1.25% .
Why so less? Doesn't Ally offer 2% or higher?
Aarrrggh. Before people continue to respond: 1. Banks are regional. 2. Interest rates on savings are all super low. Thank the Federal Reserve 3. Higher rate can be obtained based on multiple factors including balance etc. 4. Your best rate is from a credit union. Even then it’s a (relatively) shitty rate 5. Rates change over time. Again thank the Federal Reserve. None of these answers offer any viable help to OP
If you got some smaller amount which is not enough for investment,deal with small banks and they usually have high rates. If you don't trust them,you can open online savings with Discover or Amex,which has probably 1.25% APY. But anyways,that's for smaller amout. For larger amount you'll invest.
Ally is good for storing cash. I keep most of my savings in vanguard though.
Alliant
Purepoint.com = 1.40% Ally 11-month "No-penalty" CD = 1.60%
GS : 1.30%
I have Barclay's online savings 1.3% great so far
I am skeptical to open online bank account without meeting/talking to bank representative in person. Is that safe? Did you face any problem to withdraw or close the account?
As long as it’s an FDIC insured institution, why do you need to talk to a person. You probably have more in a brokerage than you’ll have in a savings account and likely never met them either.
Do your research at bankrate.com