This bank is currently providing the best rate, but setting up an account is a hassle. For example, Countrywide allows you to immediately setup your account online - you just need to call them after you get an email so that you get your account number for wiring the money. Corus requires you mail in the documents and wait before wiring (up to 10 days). Of course, which ever bank has the best rate, but Countrywide was a much cleaner setup.

Dear Complete7,

I apologize if you interpreted my post as suggesting one lie.

Anyone is eligible to join the PTA, so lying is unnecessary. The National PTA (search for it online) costs $25 to join. And again, anyone of any age anywhere can become a member and thus qualify to open an account at Alliant.

If $25 is too much, one can join their local PTA for much less money.

You were too busy misunderstanding my post to write about the main relevant thing of how OneUnited is taking advantage of people's money by only paying out quarterly (and again, 99% of all other banks pay monthly!).

If one was forced to close their account because they needed the money prior to the quarterly posting, they would lose the accrued interest. Highly unfair!

I was all ready to deposit but in the "Pot of Gold" Money market disclosure it says: If you close your account before interest is credited, you won't receive the accrued interest. That could be hundreds of dollars. This isn't a CD! Interest is compounded daily but credited MONTHLY. It's on their website but you have to dig for it. You folks need to change that if you want my money.

About a year ago I was the victim of an attempted identity theft. As a result, I signed up with LifeLock. I generally do not have problems establishing accounts online. Because I have fraud alerts associated with my personal information, I typically have to submit to additional identification verification when opening accounts. This has never been a problem, until I attempted to open an online savings account with Washington Mutual. I completed the online. At the end of my application, I received an error message stating that my identity could not be verified and that the application had been canceled. Per the error message instructions, I physically went in to a Washington Mutual branch to open the account. I was advised by a branch representative that I would not be able to open the online savings account in the branch, but that I could open a checking account & then open the savings account online as a linked account to my existing checking. After opening the checking account, I again attempted to open the online savings account, but encountered the same error message. When I called Washington Mutual, the representatives, including one "supervisor/manager" claimed that the problem rested with LifeLock and that I would have to have LifeLock remove the fraud alert. After conducting a 3-way telephone conversation with LifeLock and Washington Mutual, I was still unable to open the savings account. At that point I closed the checking account, as I had no use for it. Unfortunately, I will NEVER do business with Washington Mutual ever again. To date it is the only company that has no means of circumnavigating LifeLock services when opening online accounts.

Interest rates on the Deseret MM
continue to drop much faster then
other banks. Proceed with caution.

Amtrust seems to be fine for me so far but I think they offer a high interest rate just to sign you up. I'm looking for a better deal.

Read the fine print on this one, they require a ot less than 7 days written notice for withdrawals.

I currently have an account with these guys but I find the website hard to navigate with useless information getting in the way. Would not you think you could go to the site, see the current interest rate on the spot, see how much interest you made that month. I should not have to dig for this stuff. If the interest rate drops you'll never know. You would have to call and wait for customer service. If the rate changes I want to know!

Interest rates keep dropping because the Fed keeps cutting interest rates. HSBC is not trying to lure you in at 3.55% APY just to drop the rate right after you sign up. It amazes me how ignorant this poster is about why rates are dropping.

Is it frustrating? Sure it is frustrating to see rates continue to drop but interest rates are dropping across the board on all banks. You can bank hop all you want and eventually you'll realize that every bank has to cut interest rates. Look for the quality of the bank not just the rates and you'll see that HSBC is a trustworthy bank with good customer service and easy web interface.

I had my money (savings and CDs) with virtual bank for two years. Setup and transfers were easy and quick. Customer service was convenient (online with a personal banker) and fast. I only moved my money because their rates dropped quite a bit. As soon as they go back up, I'm going back to them.

I'm continually disappointed with banks that don't provide at least monthly statements. I'm talking about the most fundamental information: The current balance, the interest made this month, the interest rate, the total account value. In 1985 in the BASIC computer language I could write a program that would provide this information. I had to call, wait and wonder if my money was safe in an institution that didn't provide that simple service.

their customer service is a joke

Watch out for teaser rates like the 5.50% APY advertised by bankrate.com for capital one -- they showed this in the 5 year CD section but it required you part with your investment for 7 years and after we tried to open an account, they tried to drop the rate, reducing the interest by over 2 thousand dollars.

you wont be able to call customer services cos they are dealing with a lot of people are trying to withdraw their money. ooh, they outsource them to india too, i think.

Top notch bank with excellent customer service. I have two jumbo certificate of deposits and my interest payments are electronically transfered to my checking account on a quarterly basis. I have had no problems at all and am about to renew for another year at 5.05 percent.

Look out- Crooks at work. Went into Metlifes money market and over a short period should have received $650 but actually received $150. They brag about being one of the highest paid money markets but are in fact one of the lowest paid money markets when you consider the herendous penalities when you withdraw money from your account.

Crappy, bottom-of-the-barrel rates from what used to be one of the highest rates of any of the banks here. Even my online checking account at BofI has a higher interest rate than these irresponsible pathetic fools can offer...bye bye Emmicrap Direct...