Cash in on your savings interest

Cash in on your savings interest

There are 1 comment on the Hampton Roads Daily Press story from Jan 30, 2009, titled Cash in on your savings interest. In it, Hampton Roads Daily Press reports that:

No question, interest rates on deposits are piddling. But banks still need to attract deposits, and savers can still find rates that are higher than average.

Join the discussion below, or Read more at Hampton Roads Daily Press.

Erik

Denver, CO

#1 Feb 4, 2009
Great post! Definitely worth the research.

Check out the best rates on short term deposits at big banks versus those at select community banks from CheckingFinder.com . Community banks continue to offer higher yields on short term deposits to serve as economic engines.

COMMUNITY BANKS

Florida Central Credit Union 6.01 FL
First Robinson Savings Bank 6.01 IL
Union State Bank/Bank of Atchison 6.01 KS
Communications Federal Credit Union 5.25 OK
Connexus Credit Union 5.15 WI
Keystone Bank 5.15 AL
First New England Federal Credit Union 5.15 CT
Three Rivers FCU 5.01 IN
Legence Bank 5.01 IL
Community Bank of Pleasant Hill 5.01 MO
Community Bank of Raymore 5.01 MO
United Heritage Credit Union 5.01 TX

MEGA BANKS

• ING decreased their highest rate offered by 25 basis points, from a 2.50% APY on a 1 year CD to a 2.25% APY on a 4 year CD.
• Schwab decreased their 18 month CD rate by 15 basis points, from a 2.65% to 2.50% APY.
• E*Trade decreased their 5 year CD rate by 30 basis points, from a 1.70% to 1.40% APY.
• E-Loan increased their 6 year CD rate by 50 basis points, from a 3.50% to 3.70% APY
• Washington Mutual decreased their 5 year CD rate by 50 basis points, from a 3.00% to 2.50% APY.
• AARP Financial Savings Center decreased their savings rate by 50 basis points, from a 2.00% to 1.50% APY.
• Wachovia increased their 17 month CD rate by 15 basis points, from a 1.85% to 2.00% APY.
• E-Loan currently has the highest rate at 3.70% APY on a 6 year CD.
• E*Trade currently has the highest savings rate at 3.01% APY.

Courtesy of BancVue.

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