Everbank?

[JSCHAFER1337]

Who's got an account? Do you like it? I've read their customer service sucks, but for a 4.76 introductory APY and 2.26 after that, I think it's worth it. Any little thing to help me combat the current/coming inflation.

Plus they're posting record profits, unlike most of the banks these days...

 

[tmosley]

Pretty good for a bank account, but they may be overextending themselves if they are making that kind of profit--taking risky ventures and such. I'm putting all of my savings in PM's these days.

 

[Cowlesy]

http://www.pehub.com/article/articledetail.php?articlepostid=13535

Some news on Everbank for you folks interested in it.

 

[jonahtrainer]

Pretty good for a bank account, but they may be overextending themselves if they are making that kind of profit--taking risky ventures and such. I'm putting all of my savings in PM's these days.

PMs are much safer as they are not subject to neither Counter-Party nor Payment Risk.

I think IndyMac was paying 4.01% before they collapsed. Ironically, the FDIC guarantee actually encourages the riskier banks to offer higher percentages cause depositors to flock to them. In the current environment I would be more concerned with return OF your money than return ON your money. Heck, take a look at The Next Shearing to figure out how to properly value your net worth.

 

[Dary]

Their gold allocated holding account is IRA eligible.
http://tinyurl.com/62tzul

I’ve been thinking of rolling my 401k over to a gold IRA. Everything I’ve seen so far is that in order to do that, the IRA must be held in American eagle coins or a .995 fine equivalent.

I guess if you have to go with .995 fine, then you might as well go with the American eagle (or maybe the bullion .995?).

The thing is though, there are custodial and storage fees that go along with it. Whereas the unallocated accounts don’t have those fees but they are not IRA eligible.

I’ve been looking at Sterling Trust: http://tinyurl.com/5lv3fv
They have a IRA eligible IRA with fees too.

And Perth Mint certificates
http://tinyurl.com/5cwmap
But it doesn’t look like these are IRA eligible.

Near as I can tell, If you want a gold IRA, it has to be in allocated, .995 fine, with the custodial and storage fees to boot.

Anyone have any experience in gold backed IRAs? Any suggestions?

 

[LibertyEagle]

I'm using Sterling.

 

[raystone]

Excellent experience so far with Everbank. Have seen my account balance (in Renminbi) go up 10% since opening.