I'm opening an e-savings or a money market high yield account and I'm leaning towards AmTrust Direct's Money Market High Interest Account... anyone have experience with Amtrust or think I should go somewhere else? ING Direct, HSBC Direct and the other two contenders.

11/14/2007 7:50:47 PM

i have an HSBC savings account. it works. not sure what your needs are with it, but i'd probably just go for the highest interest rate. HSBC is 4.5% right now... when i signed up, they had the highest rate.

11/14/2007 8:03:15 PM

right now it's 4.822% at AmTrust and I don't think that's introductory

11/14/2007 8:10:47 PM

yeah I have the HSBCdirect account. It works and like ^^ said you get 4.5% which is much better than the 0.something% I got from a "normal" bank.

11/14/2007 8:23:50 PM

i've been happy with emigrant

http://www.bankrate.com/brm/rate/mmmf_highratehome.asp?web=brm¶ms=US,416&prodtype=chksav&market=416&product=34&state=US&sort=2

11/14/2007 8:25:27 PM

AmTrust is a great bank.

11/14/2007 8:38:37 PM

do these accounts have a debit card you can use at stores and ATMs or how do you get the money out?

11/14/2007 10:13:05 PM

I have capital one

11/14/2007 10:54:02 PM

^^

a card, plus bank transfers are free.

11/14/2007 11:47:14 PM

yeah, I'd rather have bank transfers than a card, less opportunity to spend it....

11/15/2007 5:18:04 AM

http://www.emigrantdirect.com

11/15/2007 7:03:26 AM

So what is it like with Emigrant, was opening an account easy? have you had to closed one?

Anyone like ING?

[Edited on November 15, 2007 at 6:17 PM. Reason : ]

11/15/2007 6:00:38 PM

i like my ing acct
very simple to use and to fund

11/15/2007 6:42:33 PM

third vote for emigrant, nothing but good things so far

setting up an account with one of the online banks is usually a three step process:
1) give identifying information, including your account number of a savings acct. you have in a brick and mortar, and wait for the online bank to establish a connection with the clearinghouse (2-3 days)
2) ...
3) profit (at about 4.75%)

11/15/2007 6:53:25 PM

ive been happy with ING. As said, money transfers are simple.

monthly statement emailed to me, and 1099 info annually as well.

[Edited on November 15, 2007 at 8:16 PM. Reason : .]

11/15/2007 8:11:21 PM

emigrant has easy live customer service, i've never had a problem, but i've called with a couple of questions on things and i've never been put on hold - they even followed up by phone to make sure i got everything i needed a couple of days later on the last issue with a joint account

that's a heck of a lot of customer service for a discount service

11/15/2007 10:09:55 PM

^ it's because they dont have to pay some dumbass CHASS major to sit behind a counter all day filing his/her nails

[Edited on November 15, 2007 at 10:19 PM. Reason : ]

11/15/2007 10:19:12 PM

ok, so emigrant is at the top of my list, what about iGObanking? they currently have 4.88% and come highly recommended

11/16/2007 5:47:03 AM