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.