Monday, October 02, 2006

Time For High Yield Savings Rates To Go Down?

Emigrant Direct's rate went down from 5.15% APY to 5.05% now matching HSBC Direct. ING DIRECT remains at 4.40% and Citibank at 5.00%. With interest rates falling on CDs and savings accounts you might want to consider parking your money in a CD that is paying at least 5.50% or higher.

As mentioned in the earlier post, E-LOAN's high yield savings account is paying a 5.50% on balances over $5000 and 5.25% for balances below that. Please refer to that post here.

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