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Jeraly

US Savings accounts

By Jeraly in Moving to the US and Your New Life In America

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Jeraly Mentor

Jeraly   4

Posted
Filed: Lift. Cond. (pnd) Country: England
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Posted

I'm just trying to figure out the best place to stick our savings when I move so we can use it as a deposit for a mortgage when we are ready to buy.

I don't mind tying it up for a year in a bond or something but I am totally clueless as to where to start looking for savings accounts and bonds that have decent interest rates. In the UK we have ISAs where you don't have to pay tax on the interest - I just wondered if anyone had any bright ideas for saving?

Cheers!! :D

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StillThePrettiest Experienced

StillThePrettiest   3

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Filed: K-1 Visa Country: Australia
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Posted

obviously I don't have much knowledge about the US, but I recommend ING to everyone, as a great everyday savings account - they always pay a high rate of interest, you can access your money with a very minimum delay, and there are no fees or charges, ever :)

you have to link it from an existing bank account - ie you can't withdraw from it directly - but I've never found that a problem... you just move your money back and forth via the internet or phone, and then withdraw it from the linked account via ATM or whatever

I have ING accounts in Australia and the UK (the Australian one is paying over 7% right now :o ), and Dave has one here in the States, and I have always found them excellent :D

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Still the prettiest.

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Frodo off to Mordor with Sam. Tiny little men caring about each other, rather cute really.

Am quite sure Gimli fancies me. So unfair. He is waist height, so can see advantages there, but chunky braids and big helmet most off-putting. Foresee dark times ahead, very dark times.

Jeraly Mentor

Jeraly   4

Posted
Filed: Lift. Cond. (pnd) Country: England
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Hmmm sounds cool - I know mum has mentioned Ing before but didn't realise they were worldwide :D

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(¸.•´ .•´ ¸¸.•¨¯`•? •

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Flames9_RN Grand Master

Flames9_RN   358

Posted
Filed: IR-1/CR-1 Visa Country: Canada
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Posted

We have ING. Think right now the interest rate is 3%. Was over 4% at 1 time.

Canadians Visiting the USA while undergoing the visa process, my free advice:

1) Always tell the TRUTH. never lie to the POE officer

2) Be confident in ur replies

3) keep ur response short and to the point, don't tell ur life story!!

4) look the POE officer in the eye when speaking to them. They are looking for people lieing and have been trained to find them!

5) Pack light! No job resumes with you

6) Bring ties to Canada (letter from employer when ur expected back at work, lease, etc etc)

7) Always be polite, being rude isn't going to get ya anywhere, and could make things worse!!

8) Have a plan in case u do get denied (be polite) It wont harm ur visa application if ur denied,that is if ur polite and didn't lie! Refer to #1

Charuhans Contributor

Charuhans   0

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Posted

Visit http://bankrate.com/

Its a very comprehensive site for all your banking/borrowing needs. Gives you all the information you will need.

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Mononoke28 Grand Master

Mononoke28   135

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Filed: Citizen (apr) Country: Colombia
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Posted

HSBC online has a 3.50% APY for online savings accounts.

Diana

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BigShadow Newbie

BigShadow   0

Posted
Filed: IR-1/CR-1 Visa Country: England
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Posted
HSBC online has a 3.50% APY for online savings accounts.

Diana

Almost :P HSBC is 3.05% My wife has this account and we have found it very easy to operate. You can get better rates elsewhere, but this is a pretty good rate and I like the additional security of banking with a large organisation that I know.

*JG* Grand Master

*JG*   2

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Filed: Country: Jamaica
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Posted

I agree.....we use ING too. So far, I really like it.

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perfect   39

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Filed: Citizen (apr) Country: United Kingdom
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Posted

we use ING and I have to say - they are wonderful. No issues whatsoever. Their customer service so far is second to none.

Would recommend them to anyone.

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Cassie Mentor

Cassie   8

Posted
Filed: Citizen (pnd) Country: Canada
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Posted (edited)

We have a GMAC online savings account and we are getting 3% or so right now. Was very easy to set up, and we have auto deposit set up now as well. The interest is adding up. :)

Just make sure that you find out if they have any rules or regs as far as fees are concerned (ie. minimum balance, etc).

Edited by Cassie

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StillThePrettiest Experienced

StillThePrettiest   3

Posted
Filed: K-1 Visa Country: Australia
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Posted

that's on of the reasons I like ING so much - no minimum balance, no minimum monthly deposit, no fees, - just great rates and excellent customer service, as perfect said :)

I've had other savings accounts in my time that were good, but I've never found one as simple and straightforward and all-round great as ING

I just wish I got commission from them... I've recommended them to about six people who went on to get accounts and be equally as satisfied :D

061017001as.thumb.jpg

The Very Secret Diary of Legolas Son of Weenus - by Cassandra Claire

Day One: Went to Council of Elrond. Was prettiest person there. Agreed to follow some tiny little man to Mordor to throw ring into volcano. Very important mission - gold ring so tacky.

Day Six: Far too dark in Mines of Moria to brush hair properly. Am very afraid I am developing a tangle.

Orcs so silly.

Still the prettiest.

Day 35: Boromir dead. Very messy death, most unnecessary. Did get kissed by Aragorn as he expired. Does a guy have to get shot full of arrows around here to get any action? Boromir definitely not prettier than me. Cannot understand it. Am feeling a pout coming on.

Frodo off to Mordor with Sam. Tiny little men caring about each other, rather cute really.

Am quite sure Gimli fancies me. So unfair. He is waist height, so can see advantages there, but chunky braids and big helmet most off-putting. Foresee dark times ahead, very dark times.

reeses16 Proficient

reeses16   8

Posted
Filed: Citizen (apr) Country: Ethiopia
 Timeline
Posted

The best interest rate are online savings accounts. The are available from many banks: ING, WaMu, HSBC, etc. I have personal experience with WaMu and HSBC, both are great.

Just read up on the qualifications for each account. With WaMu you have to link the savings account to a checking account, but they have a free checking account. No fees of minimums on either. Whereas HSBC you can just open a savings account by itself to qualify for the ~ 3% interest.

payxibka Grand Master

payxibka   10,045

Posted
Filed: AOS (apr) Country: Philippines
 Timeline
Posted
HSBC online has a 3.50% APY for online savings accounts.

Diana

Almost :P HSBC is 3.05% My wife has this account and we have found it very easy to operate. You can get better rates elsewhere, but this is a pretty good rate and I like the additional security of banking with a large organisation that I know.

Actually HSBC is now advertising 3.50%...... (was 3.05% in May).....

Also check Provident Bank Direct.....

These rates are subject to change weekly and the #1 bank rate this week may not be next week....

YMMV

ginger1981 Proficient

ginger1981   0

Posted
Filed: K-1 Visa Country: United Kingdom
 Timeline
Posted

Banks will have deals going on all the time for certain perks.

I would highly reccomend finding a bank that reimburses your ATM fees when you withdraw from a cash machine that is not connected with your bank. I used to have an account with a bank like that and it was super nice as those $2.50 fees do add up (especially when you are on vacation).

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BigShadow Newbie

BigShadow   0

Posted
Filed: IR-1/CR-1 Visa Country: England
 Timeline
Posted
HSBC online has a 3.50% APY for online savings accounts.

Diana

Almost :P HSBC is 3.05% My wife has this account and we have found it very easy to operate. You can get better rates elsewhere, but this is a pretty good rate and I like the additional security of banking with a large organisation that I know.

Actually HSBC is now advertising 3.50%...... (was 3.05% in May).....

Also check Provident Bank Direct.....

These rates are subject to change weekly and the #1 bank rate this week may not be next week....

I stand corrected. :blush: Apologies to Diana. It looks like the HSBC rate is a teaser rate though, just till Aug 15th but still worth taking of advantage of.

 
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