Monday, September 28, 2009

Highest Interest Online Savings Account

The crashing economy of late has pummeled the savings rate as well. You may have already noticed your already dismal savings account rate drop even more. And you didn’t think that would be possible. Since inflation typically hovers several times higher than the savings rate, your money is actually losing value every second.

If you want to lessen the value loss of your money, you should consider putting your money in the highest interest online savings account. These accounts usually pay much more than a regular savings account. Sometimes has high as 8 times the national average interest rate.

There is not too much difference between the highest interest online savings account and a regular savings account. The main difference lies in the fact that the highest interest online savings account is usually operated all online. There is no physical banking center that you go to do business.

In using a high interest online savings account, all your transactions are done online. By doing this, the bank saves a lot of money by not having to pay expenses from operating a store. The money saved is then passed on to you in the form of higher interest rates.

To compare and find the highest interest online savings accounts, use a personal finance website like bankrate to help you. These sites let you compare according to interest rates, fees, minimum deposits, etc.

If you want to find the highest interest online savings account then just sort the list by highest APY. Watch out for other fees that the banks might charge though. These fees could reduce your potential earnings.

Check out whether or not the highest interest online savings account is FDIC insured. If it is not insured and you deposit your money in the account, you could one day lose all your money if the bank decided to close.

You can easily apply for the highest interest online savings account by going to the bank's website and filling out their application. Then you can transfer money from your other savings account into the highest interest online savings account. Your money will start accruing interest from then on.

Monday, August 17, 2009

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Saturday, August 15, 2009

High Interest Rate Savings Account

Are you looking for a high interest rate savings account? With the stock market and real estate in turmoil, you might have considered other options to invest your money. How about putting your money in a high interest rate online savings account? These high interest rate savings accounts not only give you better than average interest, but they are also guaranteed by the FDIC. Online savings accounts are similar to traditional savings accounts in nearly every way except there’s no physical building for you to go to make your deposits and withdrawals. Instead everything is done online. The reason for this is in order for the bank to give you such a high interest they have to cut costs somewhere else. By not having a physical banking center, they save costs on staffing, utilities, rent, and other fees associated with having an anchor store.

To find the highest interest rate savings accounts, you can go to savings account comparison website. These types of website help you compare several online savings accounts using different criteria. You can search for high interest rate savings account according to the highest interest, the lowest minimum deposit, or one with no fees. The best savings account would be one that has all of those qualities just mentioned.

Be sure the high interest rate savings accounts are FDIC insured. To do this, go to the FDIC website and find the bank that is offering the high interest account. If you deposit your money in an account that is not FDIC insured, you run the risk of loosing your money. If the bank goes out of business one day, then you would have little recourse to recover your money. With FDIC insurance, if the bank does go out of business, then FDIC will give back to you the amount of your deposit up to $250K.

When you’ve found the high interest rate savings account that suits you, go to that bank’s website and sign up and deposit your money. The great thing about high interest rate savings accounts is that you can link it to your checking account or other savings accounts. Transferring money into the account is usually free and you are allowed six free transfers out of your account every month. With your money in a high interest rate savings account, you’ll be growing your wealth exponentially faster.

Tuesday, June 9, 2009

High Yield Online Savings

Putting your money in a high yield online savings is a great way to earn very good interest on your money. Most traditional savings accounts these days give you 0.1% interest or something miniscule. Inflation hovers at around 4% or more, so by leaving your money in these traditional savings account, you are actually losing money. This is where putting your money high yield online savings comes into play. High yield online savings usually offer rates anywhere from 1% all the way up to 5 or 6%.

Finding a High Yield Online Savings

To find high yield online savings, go to any personal finance website like bankrate and there will be an option there for you to find and compare several high yield online savings. Once you have found their list of high yield online savings accounts, just sort the list using the APY as the criteria. Be careful about fees and other charges some banks might do. Even if the bank provides a high yield online savings but charges you all sorts of fees, then you wouldn't be making as much as the rate suggests.

Investigage the High Yield Online Savings

Before you sign up for a high yield online savings, be sure you check out on FDIC that the bank is insured. If it's not, then stay away from that bank, because if they lost all your money, then you wouldn't get a dime back. The high yield online savings bank should have a FDIC member number. Just use that number and check on FDIC.

High Yield Online Savings Application Process

To fill out the application for a high yield online savings, go to the bank's website and sign up for the account. You'll have to provide your social security number and other private information. Once you're approved and your account is open, you'll have to establish a funding account. This will be the account that you're currently using such as your checking account.

Wednesday, March 11, 2009

Bank High Interest Savings Account

Have you been wanting to move your money out of your savings account and into a bank high interest savings account? High interest savings accounts are a great way to save money since you great a considerably high APY on your deposits. A bank high interest savings account usually comes in the form of online savings accounts, which is very similar to your regular savings account, except everything is done online. If you don't mind doing everything online then a bank high interest savings account is for you.

To apply for the best high interest savings account, you can do a search online for online savings accounts. You should get a whole list of high interest rate savings accounts. Another way to find bank high interest savings account is by going to personal finance sites that will help you to compare these online savings accounts. Obviously, you'll want a bank high interest savings account that gives you the highest APY, but that's not the only thing you should look for in a bank high interest savings account. You also need to be wary of the fees and minimum deposits that go online with these online savings accounts.

You should also get a high interest savings account that doesn't require a minimum balance. If you can find a balance of high APY, no minimum balance, no fees then go ahead and apply for that online savings account. One other thing you need to watch out for when applying for a bank high interest savings account is that the account will be FDIC insured. If it's not FDIC insured and the bank goes bankrupt, your money will be all gone as well. For the most part, major banks are FDIC insured, so you can apply for a bank high interest savings account without fear.

Sunday, March 8, 2009

High Interest Rates CDs

High Interest Rates CDs

Are you looking for high interest rates CDs to keep your money safe and grow exponentially? High interest rates CDs are offered by many banks, and they all offer different rates and length of time in which you must keep your money in the high interest rates CDs. Luckily there are sites online that you can use to find and compare all of the high interest rates CDs.

One of the sites you can use to find high interest rates CDs is bankaholic.com. You can go to this link: http://cdrates.bankaholic.com/ which will help you to compare high interest rates CDs. You can sort this list by time till maturity of the CDs, APY, and minimum deposit.

When considering which high interest rates CDs to put your money into, you should think about how much money you have on hand to invest. If you believe you won’t be using the money anytime soon, you can put your money into high interest rates CDs that have a longer maturity. Typically, the longer to maturity of a CD, the higher the interest rate the CD will be. Next you will obviously want to find the highest interest rates CDs. When you’ve found a balance of all the criteria you’re looking for in a high interest rates CDs, go ahead and apply for it. You can do this online by going directly to the bank’s website and filling out a form with your personal information.

Wednesday, February 11, 2009

Legitimate High Yield Investment

Legitimate High Yield Investment

Are you looking for a legitimate high yield investment? With the stock market and real estate in turmoil, you might have considered other options to invest your money. How about putting your money in online savings accounts? These legitimate high yield investment vehicles not only give you returns of up to 5%, but they are guaranteed by the FDIC. Online savings accounts are similar to traditional savings accounts in nearly every way except there’s no physical building you go to make your deposits and withdrawals. Instead everything is done online.

To find these legitimate high yield investment vehicles, you can go to bankrate.com. This is an excellent personal finance website that lets you compare several online savings accounts using different criteria. Under their “checking and savings” tab, click on the “savings” sub category. This will pull up a list of online savings accounts. You can sort this list by highest APY, account fees, minimum deposits, etc. The best legitimate high yield investment account is typically the one where there are no fees and has a high APY.

When you’ve found the online savings account that suits you, go to that bank’s website and sign up for one and deposit your money. FDIC insures your money for up to $250K, so you can be sure that your legitimate high yield investment is safe.

High Yield Safe Investments

These days as the economy sours, we all want to find high yield safe investments. Putting your money into stock markets is unsafe and putting it into real estate is not a good idea either. So where can you put your money and make guaranteed returns?

How about putting your money in an online savings account. Online savings accounts are one of the best high yield safe investments that you can find. Some of the best online savings accounts will give you interest rates of 4, 5 or even 6 percent of your deposit every year. Online savings accounts are similar to traditional bank accounts except there is no brick and mortar building where you do your transactions. Everything is done online. This saves on the expenses of operating out of a building and thereby passing those savings on to you in the form of higher interests.

Finding High Yield Safe Investments

To find these high yield safe investments, go to www.bankrate.com. From here you can compare several online savings accounts and find out which has the highest APY. On the bankrate.com, click on the Checking and Savings hyperlink and click on the online savings link. This should pull up a list of online savings accounts for you to compare. Click on any of the radio buttons to sort the list by the options that you want.

Watch out for fees that the bank may charge. These fees could reduce your interest earnings significantly. So even if a bank gave a high interest, but it has high fees, you'll earn a lower amount. Some banks will also require you to keep a minimum deposit in the account. In some cases, it can be quite high, so you'll want to watch out for that. The best online savings account to go with are ones that have no fees, no minimum deposit, and a high interest rate.

Signing Up for High Yield Safe Investments

Once you've search through all the high yield safe investments and found the one you want, go to that bank's website and sign up. You will need to provide personal information in order to create an account. Make sure that the bank is FDIC insured. After you've created your account, deposit your money into the high yield safe investments and watch it grow exponentially.

Make Money From Online Savings Account

Welcome to Making Money from Online Savings Accounts. This site provides steps on how to find high yield online savings accounts and make money from them.