Saving Money , High Interest and No Fees
So you have to put the title into context. Are the interest rates I am going to mention high? Not when compared to those of a year or so ago , but they are high when compared to similiar options. First, I am not saying these are the best yields one can get. However, for stashing cash and still having it fairly liquid and available these will give you a some return for your investment.
As of today if you want to open an account with no minimum deposit your best options are …
HSBCDirect – 3.50%
INGDirect – 3.00%
Emigrant Direct – 2.75%
Citi UltraSavings - 2.25%
Now , these of course pale in comparise to the 4.75% and 5.25% of yesteryear, but are still a solid option if you want an emergency fund that is very liquid , but will at least keep pace with inflation. Also, important to note is these accounts are FDIC insured ( what does this mean? , click here ). If you are willing to stomach a little more risk and expand your knowledge read my article, Saving and Building Wealth through Dividends.
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