GE Money.
March 18th, 2007 by Grant in: Banking, SavingI am still in the process of researching online high-interest savings accounts in which to put emergency funds.
Coincidentally I got an offer through the mail from GE Money yesterday, offering 5.05% annual percentage yield, FDIC insurance comfort up to $100,000 and no fees or startup costs.
But wait! There’s a catch!
You only garner the 5.05% on balances of $15,000 or more. Under $15k, there is a rate scale which is much less attractive. For balances between $4k and $14,999, you only earn 4.5%. For balances under $4,000, you only earn 1.75%.
While this still beats out a conventional brick and mortar savings account, it still doesn’t stand up to the Emigrant Direct offer of 5.05% on ANY balance.
If you’re interested in taking a look at the GE Money offer, go to https://www.gemoneysavings.com/offers/ and enter the promotional code: DBL027.
After all, if you’re looking for a place to stash $15,000 or more, this could be a good parking spot.
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March 18th, 2007 at 8:32 pm
There is always a catch in the fine print… Makes you emigrant lead look bettter and better doesn’t it? doug