I have three savings accounts including Ing Direct & Emigrant Direct.
Ing Direct & Emigrant Direct are known for their high interest rate. But, with today’s economy, their current interest rate is 1.1%. This is still a lot better than 0.5% you can get from your local banks.
But, check this out (link).
I just noticed that Capital One has a savings account exclusively for Costco members (that’s what it says). And the interest rate is even better at 1.5%.
I should move all my money. I mean… ASAP.
They even give me $20.00 for opening an account.
*You have to keep minimum balance of $5k.
** I hope interest rate will go up soon. I miss the day when I used to earn 2.5 – 3% interest.
Update: March 4, 2010
I opened a savings account with Capital One (for Costco members only)
I’m in the process of moving cash. But, first, I have to go through some validation process.