On Line Bank

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On Line Bank Moderators: luluwhit, gotothewhip, cindyt, crossspur, ForumAdmin Jump to page :	Last activity 2016-04-27 2:12 PM 6 replies, 2500 views View previous thread :: View next thread
General Discussion -> Barrel Talk


Sandok Reg. Jan 2011	Posted 2016-04-26 11:14 AM Subject: On Line Bank
Expert Posts: 1207	Does anyone use on line banking like Synchrony Bank for like a savings account? Just curious as they seem to have a higher interest than my bank. If so how easy is it to deposit, withdraw, etc.
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Whiteboy Reg. Jul 2012	Posted 2016-04-26 11:50 AM Subject: RE: On Line Bank
That's White "Man" to You Posts: 5515	Online banks are perfect as long as you dont need to talk with anybody, or do anything. If you are just looking for a little higher interest on a CD, they are fine. But when you need that money, expect up to 2 weeks to recieve it. I can sell stocks and have the money faster than these banks. What kind of return are you expecting? Several community banks are paying almost 2% on CD's right now.
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Sandok Reg. Jan 2011	Posted 2016-04-26 11:55 AM Subject: RE: On Line Bank
Expert Posts: 1207	I'm just wanting it for mainly a savings account.
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Longneck Reg. Mar 2004	Posted 2016-04-26 2:41 PM Subject: RE: On Line Bank
Rad Dork Posts: 5218 Location: Oklahoma	I think Synchrony is who owns Care Credit? If so, they have bad reviews online regarding their lack of customer service and I read that it's hard to get reps on the phone. I've never needed a rep, so it hasn't been a problem, but I do know that they charge a $10 fee if you need to speak to a rep to process your payment... might be something to think about.
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Sandok Reg. Jan 2011	Posted 2016-04-26 2:48 PM Subject: RE: On Line Bank
Expert Posts: 1207	Yes after I posted this I did a search for reviews on Synchrony Bank and they were not good. I wonder if Ally Bank is any better? All I want it for is savings that has a higher interest than my Federal Credit does.
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Chandler's Mom Reg. Jan 2015	Posted 2016-04-26 11:51 PM Subject: RE: On Line Bank
My Heart Be Happy Posts: 9159 Location: Arkansas	Whiteboy - 2016-04-26 11:50 AM Online banks are perfect as long as you dont need to talk with anybody, or do anything. If you are just looking for a little higher interest on a CD, they are fine. But when you need that money, expect up to 2 weeks to recieve it. I can sell stocks and have the money faster than these banks. What kind of return are you expecting? Several community banks are paying almost 2% on CD's right now. Wow, 2%?? Our banks don't touch that right now---very sad. I can remember when some of my clients use to live off just their interest, and lived nicely if not overly extravagant. Now it is unbelievable how low rates are.
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MissouriJen Reg. Dec 2011	Posted 2016-04-27 2:12 PM Subject: RE: On Line Bank
Elite Veteran Posts: 1119	I use CapitalOne 360 for my "longterm" savings. It does take 2 days to transfer to/from the account but I also have a checking account set up with them (with a debit card) that I could transfer money into if I absolutely needed the money quickly. I think I get like 0.85% but better than the 0% I get at my regular bank.
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