the amtrustdirect.com interface has much to be desired.

 

how liquidity is our money if its in FNBO or AmTrust compared to ING?

 

it's about the same. takes a few days to transfer $ back to a reg. bank acct.

 

its not that bad...if thats the case then FNBO > * ??? i dont plan on moving the money i put in as often. im actually trying to find a good place for e-money market or international money market. any ideas?

 

I'm not sure how many HSBCs there are in the Bay Area, but they have a pretty good rate and they have branches you can pull money out of.

5.05% and you can access your money at a local branch makes it pretty nice to me. I'm thinking about switching from ING to HSBC, but have just been too lazy. Plus, .5% isn't a huge deal for the money I have in the bank. I just would want the convenience of having a branch I can go to.

 

stop being a stalker

 

I'm not really versed with bank/financial terms... so we might mean the same thing:

Most banks compound interest daily. It's just that daily statements are a hastle, so you typically receive a statement every month or quarter.
So if you close your account in the middle of your statement period, you'll still receive interest for that time.

If anyone wants an example with the actual math, just let me know.

 

Guaranteed 20%/year paid quarterly > Any bank/stock/bond.

 

i think ING is more established than the others, i dont understand how places like FNBO can offer such high interest rates?

 

Accured daily, Compounded monthly means u compound the annual interest monthly, then divide that amount by the number of days in the month. That final number is the amount that accrues (is added) daily.

It is a lot different than compounding daily. They accrue daily so that if you were to withdraw the amount early, that is the amount of interest they would pay you.

Mind sharing? Where the heck can u get a guarantee'ed 20% in this day and age?

 

sharing is caring!

 

might be a stupid reply, but i'm just guessing they are fishing for customers. what attracted me to fnbo direct was the gauranteed 6% interest rate til september something.

 

till sept. ahh theres the catch.

what i was questioning was the fact that a company would give such high interest (i was assuming for a long time) when the company isnt as well known as others.

 

PM'd.

 

Edit:
Got it, thanks for the info.
Yah, ING does calculate the way darkonion mentioned. Most banks I've used compound daily.

I'm curious too!