Archive for October, 2008

High Yield Savings Account or CD

28 October 2008

When considering whether to place your savings in a CD or in a savings account, there are  two primary factors to consider:
1.  Will you need access to the funds, and if so, how soon?   Early withdrawl from a CD will usually cause a penalty which will erase much or all of any interest earned.
2.  [...]

Dollar Savings Direct/Emigrant Bank offer 4.0% APY Savings

8 October 2008

Dollar Savings Direct, a division of Emigrant Savings Bank is offering what is possibly the highest APY on a Savings account: 4.0%  APY.  The details about the product as stated on its website are:

Open your account online. It’s quick and easy.
No Fees. $1,000 account balance minimum.
No need to change your checking account. Your Dollar Savings Account™will [...]