Tuesday, September 26, 2006

E-Loan Offers 5.5% APY Online Savings Account

E-Loan started offering high-yield online savings accounts today. They're offering 5.5% APY on savings ($5,000 minimum) and 5.7% on 1 year CD's ($10,000 minimum). In comparison, today Emigrant Direct is offering 5.15% APY on savings (no minimum) and ING Direct is offering only 4.4% with no minimum.

I've had an ING Direct account for years, but for a 1.1% difference, it looks like it might finally be time to leave. By the way, Nick over at Punny Money has a nice writeup on opening an account at E-Loan.

1 comment:

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