Here’s another investment that pays 3.00% APY. And considering today’s economic environment, this is a great-paying deal.
ADB Bank, is offering a 3.00% APY on Direct Wealth Money Market accounts with a minimum deposit of only $1.
To sweeten the deal, the terms that come with the account are laced with words like “free” [...]

The Mega Money Market Account from AmericaNet Bank is paying 3.10% APY with no minimum balance required.
There’s no monthly maintenance fee, plus you get a check card that allows you to make six free withdrawals per month. (There’s a $5 fee for each additional withdrawal.) Online banking and email notices if you are overdrawn [...]

When you open a new money market account at EverBank you’ll get a three-month bonus rate of 3.51% APY. After that the rate drops to a less lucrative, but still respectable, 2.46%.
The return for your first year averages out to 2.73% APY, which is still more than a point higher than the national [...]

Washington Mutual has a very nice 3.75% APY online savings account that comes with a free checking account! Interestingly, my savings account with the brick and mortar WaMu only pays 0.50% interest.

Online savings & checking account features:

Free ATM cash withdrawals
$1 opening balance
Cash back for debit purchases
Free checks for life
Free Overdraft/NSF Fee waiver each year
Free outbound [...]

After over a year of plummeting interest rates, it looks like the trend has finally come to an end.
Last month, the Federal Reserve cut interest rates by 0.25%. Normally this would trigger a proportionate decrease in deposit rates. However, over the last month, the average money market rate has INCREASED 0.15% from 2.20% to [...]

Every month, I look forward to Jim Bruene’s monthly financial services scorecard. Using sophisticated Internet traffic monitoring services, he assesses the number of applications and approvals for online savings / checking accounts, credit cards, and mortgages.

The stats for FEB08 are particularly disconcerting.

Inflation – Silent But Deadly!
Low interest rates have made online savings accounts highly undesirable [...]

The internet offers a wide range of services open to all establishment including banks, which is why online savings account has become one of the most effective banking systems that people are seeking. Online banking has become a fad amongst the most hectic people around because of the advantages it offers to them.
Over the years, [...]

The FOMC (Federal Open Market Committee) is expected to cut interest rates on December 11, 2007 by 0.25%, effectively lowering the federal funds rate to 4.25%.
According to the futures markets, professional traders are currently 50% confident that rates will be cut by 25 basis points.
Last week, many economists were expecting a 0.50% drop, [...]

Oregon Community Credit Union (Oregon CCU) has a killer 6.01% APY checking account. Oregon CCU is a credit union.

Credit unions are banks that are cooperatively owned. They usually serve groups that have something in common, like where they work or live. Credit unions are non-profit and exist solely to help their members get better [...]