Originally posted by: Snipersheep
I think you really ought to check out GMAC Bank (
http://www.gmacbank.com) - 5% APY, 4.88% APR, ATM card, checks, reimbursement for out-of-network ATM transactions. Backed by GM.
Cons: $500 minimum to avoid fees.
I checked out GMAC after an earlier post talked about their ATM/check-writing features. But apparently HSBC also gives you an ATM Card. From their
FAQ:
"You can use your ATM card to deposit or withdraw your money at any participating ATM. Some stores will also let you pay for your purchases and receive cash back with your ATM card. Please refer to the ATM agreement that accompanied your card for more information."
"You can get an HSBC ATM card when you open your HSBCdirect Online Savings Account. It will be linked to your new account. Just select ATM card on the application. To request an HSBC ATM card after opening your HSBCdirect Online Savings Account, you can call us at 1-800-975-HSBC (4722) and we?ll be happy to help you get an ATM card."
------
I see that Emigrant Direct allows direct deposit (i.e. for my paychecks):
"
How do I set up direct deposit?
You can set up direct deposits into your American Dream Savings Account by providing EmigrantDirect?s routing number (our routing number is 226070319) and your American Dream account number to the company that will be sending the funds to your American Dream Account."
^^^ Does HSBC allow this as well? I didn't see it on their site. It seems like the best bet for continuing to add money to the account (no 2-4 day delay while transfering it from your primary checking account).
Anyway, thanks for the advice.