It’s that time of month again, and again we’re backing off of signing up for another 6 month CD term because rates just don’t seem worth it to us. Instead we’re keeping this month’s EF (really income replacement) money in a savings account.

[Read more →]

Yet again, we chose not to roll over May’s expiring 6-month CD as part of our income-replacement / emergency fund. The best rate we could find, again at a local credit union, was just 0.15% APY lower than the rate we’re getting in our savings account at FNBO Direct. And the liquidity trade-offs are worth more than that to us.

[Read more →]

I got an e-mail from FNBO Direct’s customer service on Monday. The FNBO Online Savings Account is now earning a 1.65% APY, as of 2009.05.18. It appears I made the wrong bet last month when I decided not to renew a step of my “emergency fund” CD-ladder on the theory that savings rates were competitive with 6-month CD rates.

[Read more →]

I received an e-mail yesterday informing me that ING Direct has once again cut the interest rates on their savings, checking, and CD accounts. For those keeping track, it’s been less than two weeks since their last rate drop. Only two weeks!

[Read more →]

In yesterday’s e-mail I got another punch in the interest-rate-gut. This time FNBO Direct is dropping their savings rate to a 2.40% APY.

[Read more →]