250k
 

There is current legislation under review to up the FDIC insured limit to 250K from 100K

not sure when, if that will pass and then how long to take effect.

don't like having to keep opening accounts,

Well, for IRAs, 401(k)s and certain other retirement accounts, the limit is ALREADY $250K as of 4/1/06.

Cite:
http://www.metrowestdailynews.com/bu...71&format=text

I hadn't heard about the proposal to increase the limit for other types of accounts.

Metlife bank 4.25%
 

i got a letter from MetLife bank where i have a high-yield savings account with saying:
"Effective September 28,2006, the fee for the following services will be: Domestic Wire $25..."

Obviously makes the account pointless if they start charging such high ACH transfer fees...

On another note countrywide bank savingslink account has a 5.25% APY ($50k+) ^ ^

I belive Domestic Wire applies to a wire that gets your money to another bank in about 2 hours via the Federal Reserve Bank. This is not the slower ACH system. But ask the bank to be sure, if you are concerned about this.

You can get a short term CD for 5.00% and better if you go through a brokerage firm.

90 posts in less than 24 hours. You shooting for OMNI or Coupon Connection? :rolleyes:

Mike

CD's
 

So, for anyone looking for CD's you should be able to do about 5.25% or a bit more on a 6-12 month CD. I do some rolling CD's for this use.

But, I would wait a few days till the fed raises rates, then you should be able to get 5.5% in the market.

http://www.fatwallet.com/t/52/437553/

this tracks the best rates for MM's and savings accts

I was using Emigrant direct as well, but I have not been happy with their customer service or website.

HSBCdirect has been aggressive raising their rates and are now at 5.05. I am going to try them for a while since they give ATM access, which might be worth it for me.

Too bad no sign up deals, though!

fuzz

I have HSBC,Emigrant,Citibank and ING, majority of my savings now is in HSBC who just raised their rate again after Citibank raised theirs! :)

HSBCdirect is now offering a $25 gift card to BestBuy for new accounts. I waited until the right time :)

Not a bad deal, but i had a better when i joined ($35 bonus for joining) :)

I saw that before...but laziness hit me (didn't feel like moving money around from bank account to bank account) and now i guess I gotta sacrifice 10 bucks ;) I just couldn't pass up such a huge difference in interest rates. what's ING thinking.....

What do you think of the line in the terms on this page: http://www.hsbcdirect.com/1/2/bestbuy

"Must be a Best Buy cardholder to qualify for gift card offer."

Has anyone not a best buy credit card customer gotten the gift card?

Hmmm..did not notice that line. kinda shady....luckily I have a credit card with Best Buy..but really why does it matter to HSBC?

My mom doesn't have a BB credit card so we'll see if she receives anything.