Want to open a savings account and do not knwo where to start

[Anonymous]

We already have several joint accounts, all of them through BoA. I'd like top open a new account that is entirely separate from our existing ones. I just want a place where I can havea money deposited directly from my paycheck that it would be difficult for me to get to. Obviously, I do not want a BoA account, becaue it would be too easy to transfer to my BoA checking. I do not know where to begin with online savings accounts.

Anybody have any advice for a good bank to open a single simple savings account?

[Anonymous]

Capital One 360( formerly ING), although one of the things I like about it is that it's easy to transfer to other accounts, including at other banks.

[Anonymous]

Go to bankrate.com and find which online savings accounts have the highest interest rates.

[Anonymous]

Ally Bank or Emigrant Direct-- online internet banks.

[Anonymous]

National Capitol Bank still has old fashioned passbook savings accounts - no ATM withdrawals possible....

[Anonymous]

Anonymous wrote:Capital One 360( formerly ING), although one of the things I like about it is that it's easy to transfer to other accounts, including at other banks.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:Capital One 360( formerly ING), although one of the things I like about it is that it's easy to transfer to other accounts, including at other banks.

+1

I've had a Capital One 360/ING account for years. When I first opened it, the interest rate was the best you could find. The rate has been steadily decreasing over the years, as I know have all interest rates. I haven't done the research, but I'm wondering if Capital One is still one of the best interest rates out there for a savings account..... Or have other internet banks come on the scene with more competitive rates? Just wondering if anyone has shopped around recently.

[Anonymous]

I did that in August! $10K in it so far. I don't touch it. I don't even act like I have it. It is just there. I just chose a bank.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Capital One 360( formerly ING), although one of the things I like about it is that it's easy to transfer to other accounts, including at other banks.

+1

I've had a Capital One 360/ING account for years. When I first opened it, the interest rate was the best you could find. The rate has been steadily decreasing over the years, as I know have all interest rates. I haven't done the research, but I'm wondering if Capital One is still one of the best interest rates out there for a savings account..... Or have other internet banks come on the scene with more competitive rates? Just wondering if anyone has shopped around recently.

When I looks recent, Ally bank was higher.

However, if you have kids, Virginia commerce bank lets you put up to $10k in a custodial account and gives nearly 3% interest.

[Anonymous]

Why not open a Vanguard account and put it in there?

[Anonymous]

American express has a personal savings acct with really great interest rate

[Anonymous]

I can't understand why anyone would put money in a "savings account" when you can put it in a low-fee money market mutual fund and get 1-3% back on your money with zero risk.

What's a "really great interest rate" in a savings account? .75%?

[Anonymous]

Anonymous wrote:American express has a personal savings acct with really great interest rate

0.85% is "great"? Really?

[Anonymous]

Interesting article on other options:

http://www.nytimes.com/2012/07/14/your-money/brokerage-and-bank-accounts/interest-starved-savers-have-some-options.html?_r=0

[Anonymous]

I have the amex personal savings acct and think it's pretty great for what it is.