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Online Savings Accounts: Higher Interest
By Molly's Brother | August 14, 2006
It seems like online savings accounts are the only thing on my mind lately. In almost every recent conversation I’ve had with family or my closest friends, I ask them if they’ve moved their money from their brick-and-mortar savings account to a higher interest online savings account.Use bankrate.com to compare the different rates for the different accounts. Remember, sometimes the higher APY doesn’t always mean it’s the best place to park your money as different companies have starkly different levels of customer satisfaction. Make sure your research is extensive enough.Here are some helpful links to get you started:
Figure out your specific situation. If you have enough money parked in a savings account for emergencies, you might look into money market accounts or other investment options.
By the way, since this is a basic personal finance blog aimed at those who are just beginning to get their financial life in order, investing options are not the focus of this blog. Please take a look at my friends at pfblogs.org. I’m sure with a little hunting around, you’ll find a blogger who speaks more directly to your financial needs.
Open a savings account in under five minutes with no fees, no minimums and FDIC insurance
Topics: Online Banking, Online Banks, Saving |