Comments on: Choosing an Internet Bank http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/ personal finance that makes cents Tue, 07 Oct 2008 02:41:51 +0000 http://wordpress.org/?v=2.5.1 By: Andrew http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/#comment-713 Andrew Tue, 20 Jun 2006 16:57:04 +0000 http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/#comment-713 Two banks that I use that I was allowed to join originally because my father was in the Army are Pentagon Federal Credit Union (www.penfed.org) and USAA (www.usaa.com). There are some eligibilty requirements for PenFed but many people may be able to find an eligililty requirement they can meet. The list is extensive. USAA is a member-owned insurance and financial services company. Requirements are a little more stringent for membership but anyone that is/was in the service or related to someone that is/was may be eligible. Rates are awesome. Honest employees who are helpful and genuinely care about the memebers. If you can find a way to join one or both of these do so. When I tried to check my car insurance rates with Geico and Progressive and I told them I had USAA now, they said, sorry we can't get close to their rates. Two banks that I use that I was allowed to join originally because my father was in the Army are Pentagon Federal Credit Union (www.penfed.org) and USAA (www.usaa.com). There are some eligibilty requirements for PenFed but many people may be able to find an eligililty requirement they can meet. The list is extensive. USAA is a member-owned insurance and financial services company. Requirements are a little more stringent for membership but anyone that is/was in the service or related to someone that is/was may be eligible. Rates are awesome. Honest employees who are helpful and genuinely care about the memebers. If you can find a way to join one or both of these do so. When I tried to check my car insurance rates with Geico and Progressive and I told them I had USAA now, they said, sorry we can’t get close to their rates.

]]> By: Bryan http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/#comment-700 Bryan Tue, 20 Jun 2006 06:04:52 +0000 http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/#comment-700 If you live in a city where there are Citibank branches then you have a great option. Citibank has a great online savings account currently offering 4.75% Comments from Citi executives indicate that Citibank intends to stay competitive with ING, HSBC, and the like. You actually have to open a free checking account when you open your savings account. I didn't have to do that since I already had a checking account with them anyway, but it's worked out great for me. I've even moved my savings out of my HSBC savings; they're currently offering 4.65%. Now I'm able to move my money between my Citibank high-yield savings account and checking account instantaneously. If you live in a city where there are Citibank branches then you have a great option. Citibank has a great online savings account currently offering 4.75% Comments from Citi executives indicate that Citibank intends to stay competitive with ING, HSBC, and the like.

You actually have to open a free checking account when you open your savings account. I didn’t have to do that since I already had a checking account with them anyway, but it’s worked out great for me. I’ve even moved my savings out of my HSBC savings; they’re currently offering 4.65%. Now I’m able to move my money between my Citibank high-yield savings account and checking account instantaneously.

]]> By: Torben http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/#comment-657 Torben Sun, 18 Jun 2006 22:52:52 +0000 http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/#comment-657 I have been with www.Netbank.com for almost three years. And I am very happy with them. their customer service is great over their secure bank email even. their interest rates are quite a bit higher than B&M banks. I do direct deposits to them, so I don;t have to deal with mailing them or using ATM's (hate that) for deposits. Wire transfers are completed faster than I have seen with my other B&M banks. I have not tried their bill-pay but I really have not seen much difference between those services from bank to bank anyway. I have been with http://www.Netbank.com for almost three years. And I am very happy with them.
their customer service is great over their secure bank email even. their interest rates are quite a bit higher than B&M banks.
I do direct deposits to them, so I don;t have to deal with mailing them or using ATM’s (hate that) for deposits.
Wire transfers are completed faster than I have seen with my other B&M banks.
I have not tried their bill-pay but I really have not seen much difference between those services from bank to bank anyway.

]]> By: Tim MMF http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/#comment-652 Tim MMF Sun, 18 Jun 2006 20:34:53 +0000 http://www.getrichslowly.org/blog/2006/06/18/choosing-an-internet-bank/#comment-652 I've been wondering the same thing, I don't like how long it takes many of them to transfer funds. It's what's held me back from using one. Good post. I’ve been wondering the same thing, I don’t like how long it takes many of them to transfer funds. It’s what’s held me back from using one. Good post.

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