Newbie 0 #1 April 27, 2007 Hi there my wife and i have $10k in a CD account with a 90 day notice period for withdrawls. It's earning a pitiful interest rate and want to put it into a higher interest bearing account. Being unfamiliar with the US banking system in general (although i have a WAMU account) i'm not sure where it would be best placed. We don't need immediate access, it's just a general savings account, so any ideas based on this would be much appreciated. Cheers. "Skydiving is a door" Happythoughts Quote Share this post Link to post Share on other sites
Dumpster 0 #2 April 27, 2007 Simply place into my account at the DZ. I assure you that I'll show much more interest in it than WaMu!! Easy Does It Quote Share this post Link to post Share on other sites
Cajun 0 #3 April 27, 2007 I have my money here https://www.emigrantdirect.com once you make a deposit it takes something like 3 days for it to show up in your account. You don't have access to that money for something like a week. I have yet to try to withdrawal any money, but I imagine it would take 3-7day for that to happen too. Quote Share this post Link to post Share on other sites
Mostly_Harmless 0 #4 April 27, 2007 QuoteHi there my wife and i have $10k in a CD account with a 90 day notice period for withdrawls. It's earning a pitiful interest rate and want to put it into a higher interest bearing account. Being unfamiliar with the US banking system in general (although i have a WAMU account) i'm not sure where it would be best placed. We don't need immediate access, it's just a general savings account, so any ideas based on this would be much appreciated. Cheers. About 2 years ago I deposited the majority of my money into a high yield savings account from HSBC (www.us.hsbc.com). I earn anywhere between %5.00-%6.00 percent on my money throughout the year. I have made hundreds of dollars of interest with this account. Plus unlike a CD you can take your money as please (and usually the interest rate is as good if not better then a CD). The only thing you really need is an exsisting checking account to transfer money from. I have checking account with Washington Mutual to which I deposit all my money into then do a quick online bank-bank transfer of however much I need. The bank-bank transfer is done automatically, you just type in how much and in 3 days it's in your account._________________________________________ www.myspace.com/termvelocity Quote Share this post Link to post Share on other sites
mailin 0 #5 April 27, 2007 Agreed. I have mine at emigrantdirect also, at 5.05%. I believe its doing better than ING which only gives you 4.75% You could also put it in a money market account - I believe you have a week to get any money out of some of those. The only problem with that is that the interest rate rides the stock market - which right now would be a good thing, as the market is doing very well. The stock market has averaged 12% interest since the great depression. When I have the $25k saved up to cover emergencies, by next year, I will put it in a money market. JenArianna Frances Quote Share this post Link to post Share on other sites
Fast 0 #6 April 27, 2007 One of my friends who is mater planing to retire early and actually accomplishing it does most of his investing with http://www.vanguard.com/~D Where troubles melt like lemon drops Away above the chimney tops That's where you'll find me. Swooping is taking one last poke at the bear before escaping it's cave - davelepka Quote Share this post Link to post Share on other sites
