I’m just back from a 3-week vacation/camping trip without internet access, and am now catching up on finances. One of the first things I note is that ING Direct dropped the yield on the Electric Orange savings account to a 1.30% APY on Sept 9, 2009. This prompts me to do a quick survey of online savings account rates.

[Read more →]

For the last couple months, we’ve been letting the 6-month CDs in our emergency fund CD ladder expire so that we could move the money over to Ally Bank’s 9-month No Penalty CD product. We did that again this month, but with one significant difference, this month our local credit union (Austin Telco Federal Credit Union) provides a 1-basis point higher yield than Ally’s product. So why would we go with Ally?

[Read more →]

Continuing their quickly dropping trend, Ally Bank has dropped their OSA yield down to a 1.75% APY from the 1.85% it was less than two weeks ago. However, the yield on the No Penalty CD held constant at 1.90% APY.

[Read more →]

Just logged in to the Ally Bank website and noticed that the yield on their OSA (online savings account) is down to 1.8500%. Combined with my post last week on the same topic, this seems like a rather disconcerting rapid drop.

[Read more →]

Just a quick note to record that Ally has dropped their online savings rate to 1.9313%, which means an APY of 1.9500%.  This is down from a 2.00% APY the last time I checked (sometime last week.)   I think they change there rates on Thursdays and hold them until next Thursday, so that would mean [...]

[Read more →]