Invest in something long term that is guaranteed to rise. Investing in the dollar is pretty silly right now. You should be trying to get rid of dollars. Not save them.

9/4/2008 12:32:00 AM

What if you need the money soon? Obv if I have money to invest long term I'm not going to let it sit in a saving's account.

9/4/2008 9:43:15 AM

How many roth IRA's can you have? I just have one in one mutual fund...can I have more?

9/4/2008 9:52:56 AM

Assuming you are eligible for a roth ira, you can have multiple roth iras with multiple mutual funds, stocks, whatever as long as you don't go over the $5,000 limit for the year.

[Edited on September 4, 2008 at 9:58 AM. Reason : ]

9/4/2008 9:58:16 AM

I'd only be using it as a place to leave money for a bit until I want to use it. Not REALLY to save, that's what retirement funds are for. This is just a place for play money that will happen to make a little money in the meantime, rather than just sitting in my checking account doing nothing.

9/5/2008 11:24:12 AM

At the very least you should store it in a money market account or high interest savings account.

9/5/2008 11:31:02 AM

bttt

1/16/2009 1:10:17 PM

Real quick, for those of you who use emigrant direct check this out

https://www.dollarsavingsdirect.com/DollarSavingsDirectWeb/index.jsp

I really enjoy emigrant direct. The only difference I can tell between the two is that this one requires a min balance of $1000.


Also has anyone tried the Charles Schwab checking account before, or anything like that?
Thoughts, comments?

1/16/2009 1:13:00 PM

i've got the shcwab investor class checking

i fucking love it.

1/16/2009 1:29:53 PM

Any minimum balances or fees?

What's so great about it?

Also, how much is an overdraft fee?

[Edited on January 16, 2009 at 1:53 PM. Reason : ]

1/16/2009 1:48:56 PM

no minimum balances in any account, just have to open a brokerage account, also with no minimum balances (i use a different brokerage accnt, so i keep ~$10 in the cs account just so it's not empty)

their online banking is really nice, albeit a little counter-intuitive at first glance

the monthly statements are well prepared, etc

the interest rates on the checking accounts vary by sustained balances, mine's hovere'd ~2% since inception

but what i love the most is unlimited atm fee refunds, no restrictions.

no fees either, i kinda dont get it and keep looking for a catch, but haven't found one yet

1/16/2009 1:53:17 PM

they've got a 2% cash back visa card which is one of the best cash back cards out there, hard to find 2% without restrictions

1/16/2009 1:53:58 PM

I have had an ING direct account for about 5 years now. Very easy to manage. Also have regular automatic withdrawals from checking each month split into a CD and cash reserve at Ameriprise (sister-in-law is a CFP there). Then we stick some into our CFCU savings and 401(k)s.

1/16/2009 2:36:16 PM

The link I posted earlier

https://www.dollarsavingsdirect.com/

has a 4.00% rate!

1/16/2009 2:42:31 PM

^It now only has a 2.65% rate, not bad considering my ING is down to 1.85% but does anyone know of an account with a better rate?

2/24/2009 8:09:01 AM

right now DSD is about the best you can get. I've been shopping around and nothing. tough times

2/24/2009 11:00:46 AM

dsd is the best I can find too.

2/24/2009 11:54:45 AM

I've got money with ING Direct, and I have that account linked to my ING Sharebuilder account. It's really convenient, and the Orange Savings account is drawing 2.20% APY right now, which is better than any brick-and-mortar bank these days.

2/24/2009 12:13:40 PM

^I hate ING Direct, mainly because I know there is better out there.

ING Direct is paying 1.85% on their savings account, not 2.20%

2/24/2009 12:17:07 PM

My NCSECU money market APY has gone from 3.05% to 2.47% in the past couple of months

2/24/2009 12:20:33 PM

Emigrant Direct is at 2.47 now too.

2/24/2009 12:23:30 PM

HSBC online savings is still at 2.25%

2/24/2009 12:29:57 PM

^^^^ Oh god damnit. It did go down. I remember when it was at like 4.85%. I miss those days.

2/24/2009 12:30:41 PM

Coastal Federal go Green Checking is offering 4.05%

http://www.coastal24.com/personal/checking/go-green-checking.html

2/24/2009 12:53:36 PM

Quote :

""don't open up a roth IRA with whatever they have at SECU that is 3.5% (a CD i guess). make your roth be in an aggressive mutual fund or two.""

was about to do this in a few weeks.... could someone direct me to a more desirable bank for the Roth IRA?

2/24/2009 12:57:42 PM

Why do you want to get one through a bank?

2/24/2009 1:14:41 PM

Coastal Federal go Green Checking is offering 4.05%

http://www.coastal24.com/personal/checking/go-green-checking.html

2/24/2009 1:29:43 PM

Quote :

"Emigrant Direct is at 2.47 now too."

No it's at 2.05%




^Becareful of teaser rates.

2/24/2009 6:33:06 PM

it's not a teaser rate. They lowered it once about a month or two ago, but before that it had been at 5.01% for around a year.

2/24/2009 6:40:23 PM

any reason to go with anyone other ally right now? about to move my savings $$ around

2/9/2014 2:44:09 PM

Getting 1% from SECU
Cant' complain considering there is no stupid debit card transaction requirement

2/10/2014 10:12:16 AM

we still have a secu account with less than $50 in it but haven't used it since leaving NC - will include them on the list to check out

2/10/2014 1:24:29 PM

Just under 1% for my online account via American Express but no special requirements and great customer service. Could probably do better but it still beats your average bank.

2/10/2014 2:18:17 PM

^^ Probably their shares account then. Money market with $250 min pays the 1%

2/10/2014 2:49:51 PM

DSD currently at 0.55%

2/14/2014 11:47:36 AM

Ally wins

2/14/2014 12:31:30 PM

I use ally money market. No complaints.

2/14/2014 5:51:06 PM

.85% with discover banking

2/14/2014 5:56:30 PM

Ally Money Market here as well.

2/14/2014 8:57:33 PM