E-LOAN Bank

Yes, there is an E-LOAN bank, it is not just a popular loan website.

My wife and I have an E-LOAN savings account and so far things have worked out very well.  The E-LOAN rate we get on our savings is about 5.25%, and we recently increased our balance by making a big deposit. I set up a link between my checking account on Everbank.com, and my E-LOAN savings account. This makes the transfer seamless and easy. We are hoping to load up our savings account with 6-12 months of expenses as an emergency.  If everything goes well we might be able to accomplish that by early 2008.

Between our checking and savings accounts we average about a 4% APR, which is well above the national average and is keeping up well with inflation.

Written by Nagel on July 10th, 2007 with no comments.
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