high yeild savings account which one do you use?

[dis2cruise]

looking for a high yield savings for my son (18 yrs. old) any suggestions??

 

[2005s4]

ING Direct is paying more than any other company that I currently know of/use.

 

[disneygals]

American Express, Discover Bank. Just read about Smartypig.com in Money magazine, but haven't researched it.

 

[llori7]

We use capital one. At the time it was the highest interest. I haven't "shopped" around recently.

 

[fab5friend99]

I use emigrantdirect.com. I also had an INGdirect.com at one time. Their rates were always pretty much the same. I didn't like ING because it assigned me a number as my user ID. And I think this was also the same account where I had to use all numbers as my password. I could never remember them. Emigrant allows you to choose a name which is much easier to remember whether I am on my home PC or at work.

 

[minnie1928]

We use capital one. At the time it was the highest interest. I haven't "shopped" around recently.

I too just opened an account at Capital One for the rate. It's currently 1.34 plus they pay a 10% bonus on your interest earned.

Technically Sallie Mae has the best base rate right now at 1.4% (according to bankrate.com http://www.bankrate.com/funnel/savings/savings-results.aspx?local=false&IRA=false&prods=33&ic_id=CR_searchMMASavingsRates_checking_MMASavings. I haven't used them, so I can't say how their service is or how often they change their rates or anything like that.

 

[minnie1928]

I use emigrantdirect.com. I also had an INGdirect.com at one time. Their rates were always pretty much the same. I didn't like ING because it assigned me a number as my user ID. And I think this was also the same account where I had to use all numbers as my password. I could never remember them. Emigrant allows you to choose a name which is much easier to remember whether I am on my home PC or at work.

I "think" there's an option to change it if you want to. I never did it, but a friend of mine mentioned it to me one time. I was making the same complaint that you just made.