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| sonicreducer |
 Posted: Wed Jun 22, 2005 5:07 am Post subject: Online Savings Accts |
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Investing Associate
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So I'm using ING which is currently at 3.00% (I expect that to change soon imo). I'm happy with it and the referall bonus's and I actually like their web interface.
The other option I knew of was emigrant (3.25%) but I've heard a lot of 'negative' opinions on their interface and the way customer service handles things. Anyone got an opinion to share? I'm not really worried about the .25% difference, cuz I assume ING will match or beat soon. Just looking at other options.
I came across this place also: http://www.ufbdirect.com
fdic insured also, looks like another option at 3.30% for the high yeild money market. Looks like a free $25 if you fund it with $200+ dollars too, although there an no minimums or fees for the account (from what I can see). Anyone have any experiences with this place? I'm sure they're legit but looking for information on spend of transfers and interface, etc.
I think I'll open an account for the free $25 and see how I like it. |
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| jumbojack |
| Posted: Wed Jun 22, 2005 5:42 am Post subject: |
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Investing Sr. Associate
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| i'd stick with ing for now. before you try open other accounts find out what kind of pull they do on your credit report. if they're going to do a hard pull i don't think it's worth doing just to get the bonus. btw, ing only does a soft pull which doesn't count against you in your fico score. |
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| sonicreducer |
| Posted: Wed Jun 22, 2005 6:36 am Post subject: |
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Investing Associate
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based on a few google searches, everyone says its a softpull, so not really worried there anyhow.
But sounds like its a new system they are using with a fair share of problems and bad interface, so for the time being might help to stay away, heh. $25 is $25, but it isn't worth a hassle or potential problems.
Ing for me ;p |
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| Bankman |
| Posted: Wed Jun 22, 2005 11:53 am Post subject: |
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Investing Associate
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| sonicreducer wrote: | based on a few google searches, everyone says its a softpull, so not really worried there anyhow.
But sounds like its a new system they are using with a fair share of problems and bad interface, so for the time being might help to stay away, heh. $25 is $25, but it isn't worth a hassle or potential problems.
Ing for me ;p |
Actually, I have called UFB twice and both times was informed that they do a hard inquiry for all new applications. Both times, they were very confident in their answers, but that may just be because they are idiots. I haven't tried UFB yet because I thought my FICO was pretty low and didn't want to take a hit. Turns out, I have a 718, which isn't too bad.
Anyways, some of the detractors I have heard about UFB:
- No way to do ACH pulls from your UFB account, so you have to either mail in a check, wire money, or have an account that can initiate ACH pushes into the account.
- If you decide to close the account within 6 months, there is a fairly substantial penalty.
- Interface is not up to par to some sites like ING and GMAC.
- Hard inquiry on the account (mixed reports on this one) |
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| sonicreducer |
| Posted: Thu Jun 23, 2005 4:14 am Post subject: |
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Investing Associate
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| well either way, hard or soft, with all the factors you've listed and I've read about, very unlikely I (or anyone else hopefully :p ) would open an account with them until issues are resolved and things are changed. |
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| chahsiubow |
| Posted: Thu Jun 23, 2005 7:12 am Post subject: |
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Investing Sr. Associate
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| I'm currently using ING. I'd only trust them over other ones (except maybe Emmigrant). I don't have much stake in their bank ($100, more than half through referrals), so I'm not worried about risk. I'm thinking about starting to deposit more money into the account as I start to work since they have higher interests rates. HSBC savings accounts pays me peanuts for the thousands of dollars I have in their. When my bank used to be Marine Midland back in the says before HSBC gobbled it up, I used to get close to 2% interest. Now I think I barely get a percent. |
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