What's the highest interest you're getting on your bank account? - GoFuckYourself.com - Adult Webmaster Forum

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Quotealex

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#1

What's the highest interest you're getting on your bank account?

02-04-2007, 06:38 AM

ING Direct saving account I'm getting a 3.5% interest.

On all other banks I have a saving or chequing account at, I'm getting less than zero in interest (I actually have to pay them in fees to use these accounts)
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cranki

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#2

02-04-2007, 06:40 AM

I'm going to open an account with deutsche bank next week, they'll give me 4% for one year. Best offer around here atm.
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#3

02-04-2007, 06:47 AM

my account gives 5% interest with £1 minimum balance and no restrictions on deposits/withdrawels. its really cool, but our interest rates are like 5.25% now (so im hoping it goes up another quarter shortly to offset my now expensive mortgage as rates have gone up 1.25% since i bought!)
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#4

02-04-2007, 06:47 AM

a lot of people I know are into ING, seems allright to me
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#5

02-04-2007, 06:49 AM

Best offer in the UK at the moment is 5% for the first year. Its from Nationwide I believe...

ING are doing some unbelievable deals on Mortgages tho over here. The banks of Englands base rate of interest on Loans and Mortgages is 5.25%, ING are doing a Mortgage at 4.84% with no set up or leaving fee's. Pretty nice.
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#6

02-04-2007, 07:19 AM

HSBC is paying 6.0 on new money through April 1st. Regular rates are 5.05.

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#7

02-04-2007, 07:33 AM

In Australia, ING direct is paying 6% p/a with no fees. There are some other online banks that are paying slightly higher.

At the moment the best deal for me is to put all the extra money into my home loan, because there's no interest charged AND because it's a discount rather than income it is not taxed. At the top tax bracket that means an effective saving - after tax cash in your pocket if you want to withdraw it - of over 14% p/a
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#8

02-04-2007, 07:38 AM

Something like 4%, but the gains aren't taxfree.
Say from 400,000 the intrest is 16000/year.
But you gotta pay 27,5% capital gains tax on that 16,000.. so you're left with just 11,600 on the 400,000.. so the actual intrest rate is under 3%..

..and I'm off.
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#9

02-04-2007, 07:42 AM

Originally posted by selena

HSBC is paying 6.0 on new money through April 1st. Regular rates are 5.05.

That's who I use and they are great

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#10

02-04-2007, 07:47 AM

HSBC is about 5.25% for my online savings.

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#11

02-04-2007, 08:26 AM

CountryWide = 5.40%
E-Loan = 5.25%
Etrade = 5.05%
CapitalOne = 5.0%
ING = 4.50%

Not bad...
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#12

02-04-2007, 09:33 AM

It's worth remembering the rate of inflation when looking at the interest from leaving money lying in bank accounts

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#13

02-04-2007, 10:08 AM

Best CD rate I've seen is from the Pentagon Federal Credit Union. 6.25%
https://www.penfed.org/index.asp

If you need liquidity the Vanguard Prime Money Market fund is paying right at 5% and you get check writing ability with that.

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#14

02-04-2007, 10:52 AM

HSBC and Emigrant are both paying 5.05% I was getting 5.15% at one point with Emigrant but the balance was over $100K. I pulled some of that out and it went back down to 5.05 I put it back in and it remains 5.05

HSBC is paying 6.40% on new deposits but they're only paying that amount until 4/30.
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#15

02-04-2007, 10:53 AM

3.75% lol

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#16

02-04-2007, 11:55 AM

If you are getting below 5% you are getting screwed...

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#17

02-04-2007, 01:14 PM

HEY PPL, are you kidding 3%.....here we have 9% !!!

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#18

02-04-2007, 01:31 PM

2.5% I think

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#19

02-04-2007, 01:32 PM

i dont quite see the point in keeping any significant amount of money in a money market... in order to get those top rates you have to keep 100k+ in most of the banks, and if you have 100k or more sitting around you really should be sitting down with an investment advisor so that you can earn 12-15% realistically.. and most of these investment accounts are fairly liquid, 2 days to get your money out if you really had to.

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#20

02-04-2007, 01:52 PM

Originally posted by lot

HEY PPL, are you kidding 3%.....here we have 9% !!!

where is this "here" ?
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#21

02-04-2007, 02:00 PM

Originally posted by Quick Buck

i dont quite see the point in keeping any significant amount of money in a money market... in order to get those top rates you have to keep 100k+ in most of the banks, and if you have 100k or more sitting around you really should be sitting down with an investment advisor so that you can earn 12-15% realistically.. and most of these investment accounts are fairly liquid, 2 days to get your money out if you really had to.

I keep it there for real estate investments. I've become addicted to tax lien auctions and also, around here, if something's hot, you buy fast. It's liquid money for real estate. And yeah, I could get something out in 2 days in other investment accounts, but usually there's a penalty. Since I KNOW I'm going to be taking it out, I leave it where it's going to cost me the least (0) to move it to my checking account, write a cashier's check and off I go

I may lose a few percentage points (which I'd be paying taxes on anyway), but it's just easier for old dumb blondes to deal with MM accounts for liquid funds.
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#22

02-04-2007, 02:07 PM

Originally posted by Himuro

a lot of people I know are into ING, seems allright to me

I think it is because it's the only bank in Canada that actually pays interest on saving account and doesn't charge any fee. On the other hand, their online banking leave to be desired.
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#23

02-04-2007, 02:13 PM

Originally posted by woj

If you are getting below 5% you are getting screwed...

Why's that? The mortgage rate is at 5.10-5.25%, I don't think a bank will pay more interest than what they charge for a mortgage!
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#24

02-05-2007, 03:37 AM

can see no reason to kepp money in bank.

those 3-5 % rates are just funny, assuming inflation, taxes etc.

make your money WORK for you!
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#25

02-05-2007, 04:54 AM

i get 3 percent here
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#26

02-05-2007, 06:41 AM

ING spain 7%,
Open bank, part of banco santandercentrohispano (massive bank)
paying 8% for new accounts. then drops to 7%

if you've got a fair wedge of $$ get a 3 month US/EU currency swap to tie in the exchange rate then make double the interest on your USD.
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#27

02-05-2007, 07:05 AM

damn....... 8% is pretty good....

Especially when you can borrow @ 4-5% ............
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#28

02-05-2007, 07:37 AM

Pretty pathetic, huh?

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#29

02-05-2007, 08:03 AM

Originally posted by Quick Buck

i dont quite see the point in keeping any significant amount of money in a money market... in order to get those top rates you have to keep 100k+ in most of the banks, and if you have 100k or more sitting around you really should be sitting down with an investment advisor so that you can earn 12-15% realistically.. and most of these investment accounts are fairly liquid, 2 days to get your money out if you really had to.

Yeah you can earn a higher return over the long run, but in order to earn those returns you have to risk losing some principle, and what if you need to "get your money out in two days because you really had to" but you've lost 20% of your principle since you started?

Money markets are a good place for "chicken money". Alot of people are saving for down payments on property, or want to earn interest on money they've set aside to pay taxes at the end of the year, etc.
You don't want to risk your principle in that scenario.

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#30

02-05-2007, 08:53 AM

Originally posted by Alex from Montreal

I think it is because it's the only bank in Canada that actually pays interest on saving account and doesn't charge any fee. On the other hand, their online banking leave to be desired.

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#31

02-05-2007, 08:54 AM

My large funds are in real estate. I can guarantee you that I've done a bit better than 12-15% on that. More like 100+% average. Living in a developing area with lots of people moving in with disposible income was the smartest thing I accidentally did
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#32

02-05-2007, 08:58 AM

Originally posted by Peaches

My large funds are in real estate. I can guarantee you that I've done a bit better than 12-15% on that. More like 100+% average. Living in a developing area with lots of people moving in with disposible income was the smartest thing I accidentally did

nice

Kind of hard to invest in LA without a few hundred grand. Most of my money is in stocks and is doing pretty well. On average about 9% return this past year. I was doing a bit of day trading, but got tired of waking up at 6am

However wtih Bank of America, i think its only like 3.somthing %.

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#33

02-05-2007, 09:01 AM

All Banks based in panama:
Banco Delta %5.25
the other cash is spread out in spending accounts.
Then I get like %7 to %9 percent on bonds with Banco General and Banistmo (HSBC)
thats about it, purchase land it has a better return.

Last edited by Vite; 02-05-2007, 09:03 AM. Reason: remembered crap
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#34

02-05-2007, 09:02 AM

I'm using ING mainly, going to open a HBSC account too. Bankrate.com is the best place to go to check things like that out. Best credit cards, best mortage loans, best savings, all that shit. It's easy to use, fast, and gets to the point.

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#35

02-05-2007, 09:04 AM

I have a savings account that I can get my money out of at any time and a local branch. No CDs, no internet thingy. I'm getting 5%, top that.
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