Sunday, January 25, 2009

DollarSavingsDirect yield falls from 4.00% APY to 3.50% APY

Sometimes good things just don't last. Recently DollarSavingsDirect (online division of Emigrant Savings Bank) was paying 4.00% APY for online savings, but now that has fallen to 3.50% APY. That is still a top yield, but illustrates how volatile interest rates are.

The highest current yield that I know of is Bank of Internet USA at 3.51% APY. is at 3.08% APY.

GMAC Bank is down to 3.00% APY.

Capital One Direct Banking is down at 2.64% APY for a $10,000 minimum balance.

-- Jack Krupansky


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