Post # 1
So recently my SO and I have discussed opening a joint savings account to save for future (wedding, trips, new cars, etc) things that would affect both of us. I recently googled and found that Discover bank has the highest APR yield right now at 1.15%, no monthly fees.
I was curious, I’ve heard lots about ING, and some about AMEX, but nothing about Discover. They are FDIC insured, but I was curious if anybody had any feedback.
Post # 3
I’ve had one for a few years. Like you, I was interested in Discover for the high APR. I don’t know what specific questions you might have, but I never have had a problem with it. I mainly use it for a secondary savings account for big ticket items–transfer in money and let it grow. Because I don’t do much with it, it seemed to have the most benefits for me (i.e. the APR as opposed to other programs that are available.
Post # 4
Thanks! That’s exactly what I was looking for. I figured there isn’t really much to complain about when having a savings account, but you never know.
Post # 5
I have it and love it. Most banks have horrible rates right now, and the rate there isn’t the greatest right now but can’t really expect much more in this economy.
Post # 6
That’s a great rate – comparable to a good CD right now. Just make sure that they don’t charge you for taking money in/out and that it is easy to do so if needed in a hurry.
We have our major savings in an Everbank acocunt right now at that same rate, and a smaller savings account with CitiBank at half the rate (it is our short term savings, so we wanted easier access).
Post # 7
Fiance and I have Discover Bank saving account for the “real” saving and we are sastisfy with it.
Post # 8
hooray! you all are making me feel very excited about this endeavor. looks like i’m on my way to a “wedding fund” and possibly an engagement in the next 12-18 months 🙂
Post # 9
I use ING’s Orange Savings. I had started an account with them when their rates were over 4%, but they’re down to a measly 1% right now.’
I also use SmartyPig for more short terms goals. They’re at 1.10% (though it’s been higher) but it’s not really for long term savings. You can cash out to gift cards and get an additional percentage of your savings added to the gift cards, so if you know you want to save for aTV from BestBuy you can get some free money towards it, which is always awesome.
Post # 10
i just set up my personal savings account with ING. I’m really excited 🙂 And with my coworker’s referral she gets $10, and I get $25 for opening!