Online Savings accounts

[stu]

Anyone have any experience with online savings accounts?

[Conrad]

I do 95 percent of my banking online...

[M@]

I don't think that's quite what he was asking (I could be wrong, though?)... I think he means a place that you sign up for online, etc.

I'm actually curious about this as well, but most likely I'll just open an account through my bank.

[stu]

I've heard places like E-trade and ING have online accounts, with decent interest rates as well. From what I understand, ING requires you to have an account with them at a brick and mortar location though, that way there are no transfer fees.

[DrJones]

Is there a particular reason you want one online?

[stu]

I was just curious. Someone brought it up on another board. In fact, now that I think about it, I think I already have one. :p

[marcrx5]

I've heard places like E-trade and ING have online accounts, with decent interest rates as well. From what I understand, ING requires you to have an account with them at a brick and mortar location though, that way there are no transfer fees.

You can have an account at any brick and mortar company and not get any transfer fees through ING. I have a savings account with ING, and a checking account with US bank. I can transfer money back and forth for free, but I think they limit your withdrawls to 7 per month (don't quote me on that number).

Over I like the account I have with ING, you get interest equal to some CDs, but with the option to take your money out whenever you want. The only issue is it can take up to seven days to transfer money back into your checking account.

Don't go with Etrade becasue they are going bankrupt, and I've heard from several friends that there customer service sucks, and that transfers can take forever, and don't always end up correct.

[DrJones]

The best savings account is to take some of this:

http://artofmakingmoney.info/dollars_making_money.gif

Which has about the same 'value' as this:

http://farm1.static.flickr.com/76/167947883_ed4aacda55.jpg

and trade it in for this:

http://us-mint.info/images/2002%20AEGold%20Pile.jpg

and this:

http://ecom.uscoins.com/images/usbullion/siltub.jpg

Then deposit it in this:

http://www.germes-online.com/direct/dbimage/50300126/Fingerprint_Safe.jpg

[M@]

I do believe DrJones hates the United States for it's economical situation.

[DrJones]

I do believe DrJones hates the United States for it's economical situation.

There are plenty of things to hate more than that.... such as Hillary :)

The Economic situation does make a strong argument for storing your money this way, but IMO the better reason is because they are shiny.

Shiny stuff > *

Another smart investment (also shiny) would be this:

http://www.restlessadventurer.net/guns/bushmaster_ar15/bushmaster_ar15.jpg

[M@]

Cars are shiny. What a shitty investment they are. :(

[DrJones]

Cars are shiny. What a shitty investment they are. :(

That's because they aren't made out of good metals. If a car was made out of gold or silver or platinum or copper it would be a great investment right now.

[M@]

This has me thinking... I think I should be some gold plated 20's on my Civic. Yes indeed.

[DrJones]

This has me thinking... I think I should be some gold plated 20's on my Civic. Yes indeed.

http://www.bornrich.org/entry/gold-plated-porsche-avialble-in-limited-edition/

http://www.bornrich.org/entry/gold-plated-benz-smart-fortwo-glows-in-style/

Or if you prefer gemstones:

http://www.bornrich.org/entry/diamond-covered-mercedes-sl-spotted/

Gold plating is actually cheaper than it would appear. Because of how soft gold is, it can be squished really really really flat. ie, the amount of gold in Goldschläger is almost worthless)

For instance, one stat that I heard, was that 1 oz of gold (~$910 bucks) can be made into about 250 square feet of gold leaf. That would cover the floor of a pretty large room. When you see those shows with homes of rich people and they have their gold toilet, it really didn't cost that much to plate it.

If it's solid gold on the other hand....

[BlueFang08]

How much do you think a solid gold dancer would be?

[DrJones]

How much do you think a solid gold dancer would be?

Like this?

http://images.amazon.com/images/G/01/dvd/aplus/007/600/goldfinger_2_600.jpg

[M@]

I've always wondered.... how is Goldschlager safe to drink?

[DrJones]

I've always wondered.... how is Goldschlager safe to drink?

One of the reasons gold has been popular for so long, is because (aside from being rare and pretty) it's inert. That being, it's very nonreactive. In simple terms, it lasts. No single acid dissolves it. It is unaffected by oxygen or hydrogen sulfide. Gold does not rust, tarnish, corrode, crumble, decompose or decay. That is the common way of putting it. It doesn't oxidize like copper, it doesn't tarnish like silver. It doesn't do much of anything.

Thus, when you swallow it, it simply just passes by the system, not really affecting anything else, or being affected itself. It just passes through.

There are lots of famously expensive deserts that include much larger quantities of gold. For $25000 in NY you can get

http://imgs.sfgate.com/c/pictures/2007/11/09/mn_serendipitydessert703.jpg

[M@]

That's just fucking odd that you would eat a precious metal. Weird.

DrJones, yer' so smart! Will you be my boyfriend?

[DrJones]

That's just fucking odd that you would eat a precious metal. Weird.

DrJones, yer' so smart! Will you be my boyfriend?

Well, since it is inert... really anything you eat can also be retrieved. So there is really no loss to it... (or so I would assume)

No.

[M@]

Hey, it was worth a shot.

[asianjkim]

I've never had to deal with opening a online savings account. I have a savings account that I can transfer money from online. I think most banks now offer online services.

[Brian]

I have an hsbc account online. It was above 5.5 percent, but with revent happenings has dropped to 3.8 I believe.

[crxrocks]

I have a couple of Money Market Accounts with captialone.com . There is no minimum deposit, you get an ATM card and checks, electronic transfers to and from your normal checking account are free at the interest rate is currently 4APY (was higher). That is about 100000x's higher than the stupid savings account rate at Bellco.