Online Bank Competition Heating Up?

Written by nickel - 4 Comments

How’s this for being behind the times? Earlier this week I picked up a copy of USA Today and was greeted by a story that talked about competition amongst online banks heating up to the point that they’re now offering interest rates of 5% or more on their savings accounts. The thing is, they’ve been offering rates like this for a long, long time. In fact, I can’t even remember when they first broke the 5% threshold — maybe a year or so ago? Glad to see that the mainstream media is keeping up with recent events! ;)

Published on February 16th, 2007 - 4 Comments
Filed under: Banking
email this post email this post - digg this - stumble it - save to del.icio.us

Related articles...

     » Online Bank Interest Rates on the Rise? E-Trade Bank to 3.30% APY
     » How Many Bank Accounts Do You Have?
     » SmartMoney’s Top Online Broker for 2008
     » Weekly Roundup - 11/10/06
     » What’s Your Favorite Online Bank?
     » SunTrust vs. Bank of America Online Bill Pay Question
     » Online Banking Explosion
     » ING Electric Orange Online Checking Account

Comments (scroll down to add your own):

  1. Heh, I signed up with Emigrant Direct when it was 4%, and now I don’t use it even though it is a full point higher because I can do better…

    Comment by Blaine Moore — Feb 16th 2007 @ 9:27 am
  2. yeah, too bad ING isn’t one of them. However, i’m learning to live with my post-ING days with igobanking. of course it has all been one way in since i opened the account. now if we can get those buggers to 5.5%, that would be great.

    Comment by Gooey Debt — Feb 16th 2007 @ 2:54 pm
  3. Yeah, I have an ING account too. Hopefully they will catch on and bump the rate up another percentage point.

    Comment by Mike — Feb 16th 2007 @ 7:04 pm
  4. ING will have to do something soon. I’d like to know how much money has flowed out to Emigrant and HSBC, especially after HSBC started the 6% promo.

    Comment by T Smith — Feb 16th 2007 @ 8:34 pm

Leave a comment

Subscribe without commenting

Subscribe for free updates...


Search this site...

Sponsors...

Great deals...

Readers’ choice...

Recent articles...

Recent comments...

  • Michael @ The Life Insurance Insider: I see this from time to time on various...
  • Angie: I would like to do a few of these to save some interest on current...
  • nickel: cemccon: Thanks for the reply. I didn’t keep close track of...
  • cemccon: I have a Bank of America credit card, and use IE to surf their site....
  • Mark Nelson: The credit card industry is working hard at taking advantage of...
  • Emilio: Citibank Credit Protector sounds great. Sign up for it. pay a fee...
  • Todd A: The inherent conflict between someone who gets paid to sell you...
  • Jim: Good beer only for me now! I enjoy Stone IPA! I live in near San Diego,...

Most talked about...

Disclaimer...

    The terms of third-party offers referenced on this website are subject to change without notice. While we strive to maintain timely and accurate information, offer details may be out of date. Visitors should thus verify the terms of any such offers prior to participating in them. Please see our terms of service for additional details.