High APY Liquid Accounts

By on May 26, 2010 in Personal Finance | 0 comments

I had my ‘6 Month Living Expenses – Emergency Fund’ account in my TD Ameritrade account, but I wanted to find something that yielded more than 0.25% APY. With such a low APY, I would probably be losing money if inflation rates were higher than that. With the inflation rate at 2.2% in April 2010, I certainly would be losing money having it sit there and do nothing. So I did some research to find some High APY Liquid bank accounts in the nation. The current top 3 High APY Liquid Accounts: At 2.00% APY up to $35,000 (remainder at 1.00%): evantagebank.com Also at 2.00% APY up to $35,000 (remainder at 1.00%): americanetbank.com Sounds cheesy, but claims to be 2.00% APY up to $35,000 (remainder at 1.00%): redneckbank.com There are also Reward Checking Accounts available that give an even higher APY, but there is a catch. You must follow certain requirements that they have such as exceeding the number debit card transactions, using bill payments each month, having direct deposit, and also having a minimum amount. If this interests you, check out: danversbank.com at 4.01% APY and firstnewengland.org at 4.10 APY Be sure to clearly go through and read the terms and conditions before you apply. I opted to go with the ING Direct account just because I had an account open with them and they’re easy to use. Also at 1.10% APY with no minimums, it’s not too...