I'm looking for higher interest rates. We have FNBO Direct for our money market account, which currently pays 0.85%. I want more!
I did some online searching and found Everbank, which has a 6 month promotion of 1.25%, combine that with their ongoing rate, it works out to 1.01% APR for the first year. That's better than our current rate.
I just don't know if I want to move it. I'm not familiar with the bank. It feels like a hassle, but I know it is a matter of setting up the account and making the transfer. With more money comes more responsibility, right?
I do want the money to grow, so this would be one step in getting a little more cash flowing in there. Too bad interest rates are so very very low! Ick.
Has anybody used Everbank?
My previous post is about some snowflakes.
Everbank
March 1st, 2013 at 11:06 pm
March 2nd, 2013 at 12:19 am 1362183580
The main reason I closed my account was becuase I was chasing higher rates at the time. I never experienced any problems whatsoever. The more I tell you about them, I think I'm going to reactivate my account and close ING
March 2nd, 2013 at 02:11 am 1362190294