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What saving account rates have you been able to find lately? My bank in CA offered a checking account with 5% interest back in 2007, and it's only down now to 3.5%. Most people I talk to say these are very high rates. Can I do better?


That is amazing. What bank is it? Right now the best I can find is a 1.1% money market savings account.

Another thing to consider is the banks that offer cash to open an account. I put $2500 in a new ING Direct account for 6 months and they gave me $50


Community West "Great Rates" checking.

http://www.communitywestbank.com/personal/checking/GreatRate...

Since I last checked they have dropped the rates to 3%.


Check your local credit unions. The competition between them and banks has been amazing.


3.5% is insanely high right now.

I'm 100% sure that is a promotional rate.


Whoops, since I've last checked they dropped the rate to 3%.

It does come with minor strings attached. You only get the high interest up to 15k, you have to use the debit card attached to the checking account 10 times per month (which is simple for me) and you have to get your statement electronically, not by mail.

http://www.communitywestbank.com/personal/checking/GreatRate...




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