Search Results for: highest interest savings accounts

What You Need to Know About High Interest Saving Accounts

...In the past few years, savings account interest rates have hardly been an encouraging factor. Those in their forties probably remember interest rates in the three to five percent range. In recent years, many brick and mortar banks offered half percent for their no minimum accounts. It’s All About Online... more

A Savings Account Interest Update

...each payday; one could build a nest egg, and a shelter from any future emergency. Savings account interest rates were a key part of the approach; they assured compounding and passive income. One key measure of economic stability is the percentage of disposable income that Americans place into savings accounts,... more

Breaking Down High Yield Savings Accounts

...Demand Is The Key Bank interest on savings accounts is a phrase with literal truth; the bank’s level of interest in new accounts determines the rate of interest paid. When the banks need more funds to make profits on loans and investments, they will pay more to attract depositors.... more

The right savings account for you

...Savings accounts can be as different as the people who use them. If you need a better way to stash away cash, here are some tips for choosing the right savings account based on your banking personality type. The ATM Bandit You know the location of every ATM near... more

6 Ways to Compare Banks

...your money. 1. Are your deposits insured? If your bank participates in the Federal Deposit Insurance Corporation insurance program, your deposits are guaranteed safe even if the bank collapses. You can get back up to $250,000 that you placed in checking accounts, savings accounts, money market funds and certificates of... more

8 Reasons You Should Have a Savings Account

...cut out the high interest charges and stay on track to pay off your debt. 3. You need overdraft protection. At many banks, you can avoid insufficient funds fees by linking your checking and savings accounts and setting up overdraft protection. If you spend more than you have available in... more

Five Alternatives to Traditional Savings

...of deposit or CDs are conservative investments that share many characteristics of savings accounts. Whereas a typical savings account might offer annual interest of .15 to .40 percent, short-term and medium-term CDs generally offer returns of at least .75 percent. In most cases, interest accrues on a monthly basis and... more

Online Checking Accounts Explained

...Many banks offer electronic access to account details, but have you considered doing all of your banking exclusively online? Online checking accounts deliver the benefits of regional banking with only a few drawbacks. First, an online checking account from an FDIC-insured bank still guarantees that your money will be... more

FDIC Insurance: What it is and How to Maximize Coverage.

...a bank’s products without fear of losing any of their funds in the process. It’s a good way to maximize the use of their money. The FDIC covers: Checking accounts Savings accounts Money market deposit accounts (MMDAs) Certificates of Deposit (CDs) and time accounts Some retirement accounts Revocable trust accounts... more

6 Tips on How to Compare Checking Accounts

...a bank’s website before making your decision. In some cases you may even be able to open your account online. 6. Compare Interest Rates and other added benefits Something else to consider when comparing checking accounts is the amount of interest earned. With rates being at an all time low,... more