Money Market Rates 10/09

Here are the latest money market interest rates of the banks that I've been tracking on my blog. Note that these rates are sorted by APY, and represent institutions that I have accounts at, or have otherwise mentioned in my blog:

2.15% Shorebank Direct Online High-Yield Savings
1.35% HSBCDirect Online Savings
1.35% Umbrellabank Pot O' Gold Money Market
1.30% ING Direct Orange Savings
1.25% Citibank Ultimate Money
1.25% Citibank Ultimate Savings
0.75% Chase (formerly WaMu) Online Savings
0.65% Western FCU Money Market
0.60% E*TRADE Complete Savings
0.05% PayPal Money Market*

NOTES: *The PayPal Money Market fund is NOT FDIC insured.
Rates are believed to be accurate as of 10/1/09. I did not include banks that had special, or introductory rates in the list because they are not ongoing interest rates. I am also not including non-liquid accounts such as CD's in the list.

The SavingsLink account is no longer offered by Bank of America, and has been replaced by the Growth Money Market Saving account. Guaranty Bank has been closed by the FDIC, and was taken over by BBVA Compass. I will no longer be tracking these accounts here.

In my last update, I mentioned Irwin Union Bank which was offering a free 22" HD LCD TV or a Flip MinoHD Mini Camcorder to open a new bank account. Unfortunately, Irwin Union Bank has also been closed, and taken over by First Financial Bank.

So, there is the latest list. I intend to write a couple of follow up posts about the recent bank closing, and how changes may affect your accounts.

DC