What is the best high yield savings account to put 10K into?

By J | Published: April 27, 2010

I plan to put 10K into a high yield savings account for about 5 years and adding 1,200/year. Who has the best and most reliable rates?

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ssmesq

Posted April 27, 2010 at 5:48 am | Permalink

Currently highest rate is at ETrade Bank. I have money there. But with interest rates about to take another cut, that can change. Also check out Indymac Bank, INGDirect, and Emigrantdirect… but all are less than ETrade right now.
ilovefredandolivia

Posted April 27, 2010 at 6:00 am | Permalink

my friend uses charles schwab. i dunno if it has savings but i know he has a high yeild checking account. they are very good to him so you might wanna check em out.

http://www.charlesschwab.com
interestratesguru

Posted April 27, 2010 at 6:10 am | Permalink

the best rate I found is at my credit savings account but the ing orange savings account pays a good rate. Check out http://www.ineedrates.com
Greer A

Posted April 27, 2010 at 7:06 am | Permalink

I would suggest that you look at this site and see how online banks are rated.

http://articles.moneycentral.msn.com/Banking/BetterBanking/TheTop10OnlineBanks.aspx

We use:

https://www.fnbodirect.com/01d/html/en/

Good luck.