I am considering emigrantdirect.com; they offer 4.25% APY… I read the FAQ and see no catch or restrictions. Any other good savings accounts or suggestions out there? Thanks in advance.
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I have never heard of emigrantdirect, but I have used ING Direct for about 6 years now and have never had a problem with them. They have a promo right now where the rate is 4.75% until 4/15/2006, after that it goes back to the regular rate of 3.8%. They have no minimums, no fees, and always transfer money quickly and without a hassle.
I use Vanguard.com & Fidelity.com … Money market accounts. NO FDIC insurance, but it does not worry me. Over the long term I think these funds outperform the banks, because the banks don’t have to raise rates at any given point. The money market funds are always buying higher yielding securities.
check bankrate.com for yields on both savings vehicles.