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Author Topic: Saving Accounts  (Read 3179 times)

Offline puddles

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Saving Accounts
« on: July 16, 2012, 10:31:38 AM »
I bank with JPM Chase and have a savings account earning about .35% I recently got an email From Amex offering .85 and free transfers etc.
Anyone else do their banking with someone like Amex or ING. Pros, Cons?
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Offline Name Changed

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Re: Saving Accounts
« Reply #1 on: July 16, 2012, 12:02:24 PM »
Quote from: puddles on July 16, 2012, 10:31:38 AM
I bank with JPM Chase and have a savings account earning about .35% I recently got an email From Amex offering .85 and free transfers etc.
Anyone else do their banking with someone like Amex or ING. Pros, Cons?
I have a savings account with ING, and Amex.

Its an online banking only. I guess that's the con.
Other than that, they give much higher interest rates than local banks
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Offline mercaz1

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Re: Saving Accounts
« Reply #2 on: July 16, 2012, 12:42:09 PM »
the other con with ING is that it takes 3 days to deposit ot withdraw money to/from a regular checking account
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Offline gozalim

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Re: Saving Accounts
« Reply #3 on: July 16, 2012, 02:30:19 PM »
if you're gonna go the online-only route, check out TIAA-CREF, same setup, better rates (%1.25~) and I think their Money market account has a ATM card
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Offline yossi4k

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Re: Saving Accounts
« Reply #4 on: July 16, 2012, 06:45:58 PM »
Quote from: puddles on July 16, 2012, 10:31:38 AM
I bank with JPM Chase and have a savings account earning about .35% I recently got an email From Amex offering .85 and free transfers etc.
Anyone else do their banking with someone like Amex or ING. Pros, Cons?
What type of account gets you .35? im getting .15...
« Last Edit: July 16, 2012, 07:42:17 PM by yossi4k »
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Online Smartypantz

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Re: Saving Accounts
« Reply #5 on: July 16, 2012, 07:58:00 PM »
Trustco bank has pretty good rates for a regular bank(not online).
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Offline puddles

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Re: Saving Accounts
« Reply #6 on: July 16, 2012, 09:12:20 PM »
Quote from: yossi4k on July 16, 2012, 06:45:58 PM
What type of account gets you .35? im getting .15...
Chase premiere checking linked to a savings account
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Offline dhalpern1

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Re: Saving Accounts
« Reply #7 on: July 16, 2012, 09:54:58 PM »
I currently use Chase and got also got that offer from AMEX for around 0.85% a couple weeks ago. Thinking of switching
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Offline Dan

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Re: Saving Accounts
« Reply #8 on: July 17, 2012, 01:38:08 AM »
Not enough cash to make Bank Direct's $144 annual fee worthwhile?
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Offline puddles

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Re: Saving Accounts
« Reply #9 on: July 17, 2012, 08:53:02 AM »
Quote from: Dan on July 17, 2012, 01:38:08 AM
Not enough cash to make Bank Direct's $144 annual fee worthwhile?
Not sure what your referring to. Can you clarify?
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Offline Name Changed

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Re: Saving Accounts
« Reply #10 on: July 17, 2012, 09:41:14 AM »
Quote from: dhalpern1 on July 16, 2012, 09:54:58 PM
I currently use Chase and got also got that offer from AMEX for around 0.85% a couple weeks ago. Thinking of switching
What are you getting with chase? Whats the big deal of switching?

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Offline dhalpern1

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Re: Saving Accounts
« Reply #11 on: July 17, 2012, 10:06:05 AM »
Quote from: Name Changed on July 17, 2012, 09:41:14 AM
What are you getting with chase? Whats the big deal of switching?

Moving the money and all of the automatic bill pays that are already set up.
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Offline Name Changed

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Re: Saving Accounts
« Reply #12 on: July 17, 2012, 10:14:28 AM »
Quote from: dhalpern1 on July 17, 2012, 10:06:05 AM
Moving the money and all of the automatic bill pays that are already set up.
The Amex account has automatic bill pay?

I just have the Amex savings...
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Offline dhalpern1

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Re: Saving Accounts
« Reply #13 on: July 17, 2012, 10:16:49 AM »
Quote from: Name Changed on July 17, 2012, 10:14:28 AM
The Amex account has automatic bill pay?

I just have the Amex savings...

Im saying its a pain to switch all of the info for a nominal increase. I dont want to chase a half a point forever, but I doubt we will see the days of 4-5% interest in a long time- unless you move to Australia.
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Offline aussiebochur

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Re: Saving Accounts
« Reply #14 on: July 17, 2012, 10:19:31 AM »
Quote from: dhalpern1 on July 17, 2012, 10:16:49 AM
Im saying its a pain to switch all of the info for a nominal increase. I dont want to chase a half a point forever, but I doubt we will see the days of 4-5% interest in a long time- unless you move to Australia.
Lol! 6.51% :D
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Offline dhalpern1

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Re: Saving Accounts
« Reply #15 on: July 17, 2012, 10:31:11 AM »
Quote from: aussiebochur on July 17, 2012, 10:19:31 AM
Lol! 6.51% :D

Really? That's incredible. I just checked a couple months ago at ANZ for a simple savings account. I was thinking about opening an account. I am an Australian citizen, but that might not be good enough since the terms say that i have to be a resident there.
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Offline Name Changed

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Re: Saving Accounts
« Reply #16 on: July 17, 2012, 10:32:39 AM »
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Offline Dan

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Re: Saving Accounts
« Reply #17 on: July 17, 2012, 12:01:05 PM »
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Offline aussiebochur

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Re: Saving Accounts
« Reply #18 on: July 17, 2012, 12:17:31 PM »
Do remember, our home loan rates are also much higher.
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