I'm looking for the best savings rates for an e-fund/contingency fund. It would be approx 3 mo savings, greater than $10k and less than $100k.I don't want to waste time on rate chasing at obscure locations so I'm primarily looking at accounts where I believe the rates will be better than avearage over some modest amount of timeI'm considering:SmartyPig - 3.05%Ally (GMAC) No Penalty CD - 2.5%Ally (GMAC) - 2.25%Zion - 2.02%Costco (Capital One) - 1.90%Schwab Checking - 1.75%Countrywide (BofA) - 1.65%ING - 1.5%ETrade Checking - 0.95%Pen Fed - .65%Is there anything else blatantly obvious that I'm missing?
I SmaryPig FDIC insured?Any other problematic requirements, such as needing to pay 15 bills a month or you will get a penalty?Wendy
I've never used SmartyPig but the actual bank with it is http://www.westbankiowa.com/home/indexThey are FDIC insured.http://www.smartypig.com/aboutYou might want to check its FAQ.Rich
After careful reading of the SmartyPig web site, it looks good, especially if you are saving for a project with a participating retailer (such as Home Depot) that has a cooperative discount.Wendy
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