{ 9 comments… read them below or add one }

Timothy Drew January 24, 2009 at 1:19 pm

Well, having had a bad experience with ETrade, I would have to say that I prefer both FNBO Direct and WTDirect. Either one seems to be a decent choice. On the other hand, HSBC has let down many consumers in the recent past. It is almost as though they are intent on making a career out of it. From hearsay as well as personal experience, FNBO has never let me down.

foglifter January 26, 2009 at 1:16 pm

I’m happy with GMAC Bank’s Online Savings account that currently yields a good APY. Looks like many blogs forget about this option. GMAC is well -known for its pretty fast ACH transfers. Also GMAC offers MMA account with a bit lower rate, but with debit card and check-writing. If I need to access my money urgently, I just make a one-click transfer from savings to MMA and voila!

Editor: GMAC is now Ally Bank.

Silicon Valley Blogger January 26, 2009 at 1:35 pm


Thanks for the sharing this tip. I think that Ally Bank (which was formerly GMAC) is alright as well. They annoy me a little with frequent rate changes (and they still are the most “active” online bank when it comes to rate adjustments). But I’d like to see how they stand in terms of stability (yeah, we want to provide transparency) and other features. One thing about Ally Bank is that they have a lot of diversity with savings products and they are one of the few banks where it’s easy to open an account (no minimum balance required, etc).

For those interested in Ally Bank, I’ve written up my review of Ally Bank here. Thanks for the input!

Start-Up January 27, 2009 at 3:27 pm

DollarSavingsDirect has been the leader of the pack for rate chasers recently. They just recently dropped their rate, which is still pretty high compared to today’s standards.

Ryan January 27, 2009 at 7:39 pm

Yeah, what about DollarSavingsDirect?

Stanley January 27, 2009 at 8:22 pm

People are once again turning to banks and cds as they have become gun shy about the market.

Jeff - Stretchydollar January 27, 2009 at 10:16 pm

Nice! I am actually working on a post similar to this (it’ll be up tomorrow morning) after watching my ING account drop – it’ll be interesting to watch the rates as the economy continues to slide. I like ING, but if FNBO hangs in there I might just have to switch.

Kaye April 22, 2009 at 6:25 pm

I had an ETrade Bank account for a couple of years and was quite happy with them. It was back when the interest rate was about 7%!!! I sure wish we could have those rates back 🙂

Michael July 6, 2009 at 4:32 am

I currently have a HSBC account. I was wondering if ETrade comes with an atm card. What are the current charges for atm transactions?

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