If you have some hard earned savings to invest that can generate high interest rate, you should deposit it in a high-yield savings account.
It is a risk free investment because you can open a savings account and put in the maximum amount protected by the FDIC.
During these uncertain times, savings accounts, money market and certificates of deposits represent the surest way to invest your money.
Right now, as an alternative or to complement your business with a traditional bank is online banking.
If you have not yet tried it, you should invest some time and take stock of what it is all about.
In this information technology age, all the important data and factors for your serious consideration are accessible right up your screen monitor with simple clicks here and there.
Via the internet, you can review, compare and analyze the best high of interest your offline bank is giving you as against what is being offered by online banks.
You don't have to close your account with your bank where you are a loyal customer for years.
Nonetheless, this is the moment to roll with the times and the trend now is online banking.
First thing you have to do is to access the web for the latest info about the subject of high yield savings account.
You can then visit as many websites of online banks such as those of American Express, SmartyPig, Ally Bank High Yield Online Savings Account, HSBC Advance, WTDirect, EverBank Yield Pledge, Dollar Savings Direct, ING Direct, etc.
Once you do this, you have just acquired firsthand foundation knowledge.
About the Dollar Savings Direct, you will find out that they are offering a 2.
65% APY interest rate with a $1,000 minimum to open and no minimum balance and no fees.
For a 16-month CD, you can get a 3.
00% APY with compounded daily interest and monthly crediting.
You get peace of mind knowing that it is a FDIC insured member with Certificate no.
12054.
If your curiosity is aroused, you can go deeper and learn more on the details of their customer service.
You can review some client testimonials, company profile, financial reports and account management fees and charges.
If you take a snap at the features of WT Direct, you will know that their current APY interest rate is 2.
18% which is in the top 5% among US banks.
It takes only $1.
00 to open with no minimum balance required.
They have no monthly fees, zero liability guarantee for unauthorized transactions, no checking account required for high rate.
Again, it has a FDIC insurance certificate no.
33911.
With ING Direct, it is also FDIC insured with Certificate no.
35489.
They pioneered the concept of online savings account and have more than 17 million customers in 9 countries where they operate.
Money Magazine voted it as the "Best money market account in the United States.
"Its opening deposit and maintaining balance requirements are similar with WT Direct.
Another high yield savings account worth looking at is ETrade with its 2.
15% APY interest rate which is eight times the national average.
Money magazine awarded it with the "Best of the Breed" title in 2007.
It is linked directly to a brokerage trading account.
Again, this online bank is FDIC insured with Certificate no.
30746.
The excellent features of online high yield savings account are its flexibility, safety, liquidity and higher rate of return on interest.
Give priority to a bank with a high rating and committed to protect their good name and reputation as they tend to provide more preferential rates.
You should also compare the rates offered by stable and well known credit unions because they can offer higher rates than most online banks.
Review the terms and requirements to earn the high yield.
Find out also policies on cash transfers, emergency withdrawals and other extra features such as electronic and paper bank statements.
Read closely the fine print.
In this manner, you will be able to make a fine decision on the one that will work best for you for years to come.
But first and foremost is to make sure you open your high yield savings account with a FDIC insured bank!
It is a risk free investment because you can open a savings account and put in the maximum amount protected by the FDIC.
During these uncertain times, savings accounts, money market and certificates of deposits represent the surest way to invest your money.
Right now, as an alternative or to complement your business with a traditional bank is online banking.
If you have not yet tried it, you should invest some time and take stock of what it is all about.
In this information technology age, all the important data and factors for your serious consideration are accessible right up your screen monitor with simple clicks here and there.
Via the internet, you can review, compare and analyze the best high of interest your offline bank is giving you as against what is being offered by online banks.
You don't have to close your account with your bank where you are a loyal customer for years.
Nonetheless, this is the moment to roll with the times and the trend now is online banking.
First thing you have to do is to access the web for the latest info about the subject of high yield savings account.
You can then visit as many websites of online banks such as those of American Express, SmartyPig, Ally Bank High Yield Online Savings Account, HSBC Advance, WTDirect, EverBank Yield Pledge, Dollar Savings Direct, ING Direct, etc.
Once you do this, you have just acquired firsthand foundation knowledge.
About the Dollar Savings Direct, you will find out that they are offering a 2.
65% APY interest rate with a $1,000 minimum to open and no minimum balance and no fees.
For a 16-month CD, you can get a 3.
00% APY with compounded daily interest and monthly crediting.
You get peace of mind knowing that it is a FDIC insured member with Certificate no.
12054.
If your curiosity is aroused, you can go deeper and learn more on the details of their customer service.
You can review some client testimonials, company profile, financial reports and account management fees and charges.
If you take a snap at the features of WT Direct, you will know that their current APY interest rate is 2.
18% which is in the top 5% among US banks.
It takes only $1.
00 to open with no minimum balance required.
They have no monthly fees, zero liability guarantee for unauthorized transactions, no checking account required for high rate.
Again, it has a FDIC insurance certificate no.
33911.
With ING Direct, it is also FDIC insured with Certificate no.
35489.
They pioneered the concept of online savings account and have more than 17 million customers in 9 countries where they operate.
Money Magazine voted it as the "Best money market account in the United States.
"Its opening deposit and maintaining balance requirements are similar with WT Direct.
Another high yield savings account worth looking at is ETrade with its 2.
15% APY interest rate which is eight times the national average.
Money magazine awarded it with the "Best of the Breed" title in 2007.
It is linked directly to a brokerage trading account.
Again, this online bank is FDIC insured with Certificate no.
30746.
The excellent features of online high yield savings account are its flexibility, safety, liquidity and higher rate of return on interest.
Give priority to a bank with a high rating and committed to protect their good name and reputation as they tend to provide more preferential rates.
You should also compare the rates offered by stable and well known credit unions because they can offer higher rates than most online banks.
Review the terms and requirements to earn the high yield.
Find out also policies on cash transfers, emergency withdrawals and other extra features such as electronic and paper bank statements.
Read closely the fine print.
In this manner, you will be able to make a fine decision on the one that will work best for you for years to come.
But first and foremost is to make sure you open your high yield savings account with a FDIC insured bank!
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