I would recommend them for savings. I use HSBC Direct which I think is at 3.5% APY currently. Beats anything local handily. There aren't that many warnings aside from just reading the terms of whichever account you choose. Some have limits on how much you can transfer in and out, etc. Also if you need your money to be readily accessible then know that transfers to and from your online savings could take up to a week as well.
No complaints here. J On 2/25/08, Vince Teachout <[EMAIL PROTECTED]> wrote: > Was thinking of starting a savings account with an online bank. I hear > the interest rates *can* (sometimes) be higher then brick and morter > banks. Has anyone here used online banking, and if so would you > recommend them, or not? Any caveats? Thanks. > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
