Yes, I believe that ING is offering a good rate too.
Several banks and financial institutions are ‘jumping on
the bandwagon’ with good rates. Check in your Sunday paper
Financial/Money section. Many newspapers have charts
showing rates being paid. Don’t feel you must limit
yourself to local banks, unless you’re putting ALL your
savings in there. Out-Of-Town banks usually offer much
better rates on CDs. They are 100% SAFE, as they are all
FEDERALLY INSURED. Some will not give good rates on CDs in
amounts under $5000 or $10,000. If there is any doubt in
your mind, ask them! The post prior to yours….seemed to
cast doubt on putting money in HSBC Bank. That’s what
FEDERALLY INSURED means. Your money is safe! I don’t care
how many ‘bad mortgages’ a bank has. They are insured.
PayPal? I use PayPal all the time when I buy things on
eBay. It would be too easy for me to spend my savings!
Also, I notice many NEWER BANKS are offering much better
rates. Don’t feel you have to use the bank down the street.
It’s too easy to run over there and withdraw your money.
You’re trying to SAVE your money, not draw it out every
time you see something pretty at the store!