The Official Savings Rate (APY) Change Post
Posted 18 February 2009 by Mr. B
To help facilitate easier updating for the official Savings Rate Wiki, I’ve decided to create this post as a central placeholder. I try to stay on top of rate changes as best I can, but rates are falling fast (as of this writing). I could use your help.
Here’s where you come in. If you notice an outdated rate in the Wiki, please leave a comment here and I’ll update it as soon as I can. You’re also welcome to register as a Wiki user and update it yourself, but I realize that the Wiki syntax is confusing at first glance. A simple comment here is perfectly sufficient. I appreciate your help!
As of today, there are only 5 banks in the Wiki with rates at 3.00 APY or higher. I have a bad feeling that 2% savings rates will soon be the top of the ladder.
Looking forward to the day when rates start collectively RISING again.
WTDirect has once again dropped their rate.
It is now…2.16%
Updated. Thanks Bill!
WTDirect has dropped their rate another 15 basis points.
WTDirect is now at 2.01%
And the party did not stop there!
Unfortunelty, Broadway Federal Savings today also dropped their “highest in the nation rate” from 4.08% to 3.56%.
Time to find some free toaster give aways now to sell on E-bay, nothing is paying like the good ole’ days…
Thanks for the notice. I updated the Wiki. E*Trade also dropped down to 1.95%. Phooey.
Broadway Federal now 3.05
Thanks, frank. Updated. A number of other rates changed as well. WaMu’s 1% rate may start to look competitive again soon! Of course, then they will just lower it to 0.10%.
Online Savings Bank, DarbyDirect, has a 3.0% APY savings account.
https://www.darby-direct.com/
Hopefully this is a sign of things to come and rates will start to move back upward…
Bill – Thanks! I added DarbyDirect to the Wiki. Yes, I hope the “race to the bottom” is coming to an end.
Broadway Federal has only CLOSED the Anniversary Savings Account to new openings.
For those of us who have an Anniversary Account – we are still earning 3.05% APY on our money.
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Wow, I feel like I’m in one of those Mutual Funds that’s “Closed to New Investors”.
I only hope they keep me feeling special by keeping the rate above 3% for the foreseeable future!
Ah, I see. Wiki updated. Congrats on being one of the “distinguished” customers.
The “distinguished” customers got dropped today by Broadway Federal 1/2 percent to 2.5% (2.53% APY).
Guess I ain’t feeling too distinguished today!
Evantage has changed their rate on the Money Market from 2% to 1.75%, effective the 18th of November
Evantage Bank has changed their savings account interest rate to 1.24%
Thanks, TJ. Updated.