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Opening a savings account, need advice. I found that ING direct has a 3.00% APY . Any better options?

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Opening a savings account, need advice. I found that ING direct has a 3.00% APY . Any better options?

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  1. Yes, for saving especially. I recommend Vanguard Prime Money Market fund or Fidelity Cash Reserves. The both pay very competitive interest rates, have great service and let you easily invest in their funds. I would recommend you start investing once you have built up a cash cushion to cover your expenses for 6 mos or so. Keep saving!


  2. that is prettry decent rate right now due to the state of the economy.. i would check out bankrate.com as they list most of the competitive rates out there. dont settle for a savings account but keep your 3-6 months emergency money in there... long term investing needs to to mutual funds, real estate, etc.  

  3. WAMU is offering 3.75%. Check out http://www.bankaround.com to go through a more extensive list of banks.
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