Thursday, December 07, 2006

E-Loan Savings Account Rate Drop

E-Loan Savings account rates dropped from 5.50% APY to 5.38% APY. As you might have noticed E-Loan has dramatically slashed down their rates on CD from 5.75% to 5.25% and below. Where CD rates depend on the balance. I personally am disappointed with E-Loan. They have had one too many glitches, other problems and rate drops. What's in store for E-Loan? Only time will tell. Tomorrow we shall see what the other online savings banks are going to do with their rates like GMAC who update their rates every Friday. They might be slashing down their rates very soon.

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