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.