High Interest Savings Account Online | What’s The Big Deal Anyway

High Return Savings Account — Thu, 24 Sep 2009 19:18:13 +0000

A high interest savings account online makes a lot of sense when you have your finances squared away and have the ability to stash your non-emergency cash in a better yielding account. This online savings account is not for the money you need to pay bills or to provide emergency liquidity in the face of ill-timed payments and bills. This high interest savings account online is only for that cash which you hold in reserve for times when income is interrupted or when really big bills come in, such as a needing a new refridgerator or perhaps significant auto repairs. Expenses like those are (hopefully) sporadic, and usually are payable either in installments or with a short term use of a credit (which you pay off at the end of the month, of course). Sometimes Two Accounts Are Better Than One I actually opt to have not one high interest savings account online, but two. Differences in interest rates today aren’t that high because the Fed Funds rate is at a historic low right now, but when monetary policy tightens and interest rates go up, then differences in rates between local and online banks become much greater. Sometimes special offers at one [...]

High Interest Savings Account Online | What’s The Big Deal Anyway is a post from: Online Savings Accounts - High Rate CD Accounts | Saving Money for Kids

Online Savings Accounts - High Rate CD Accounts | Saving Money for Kids » high interest savings account online

High Interest Savings Account Online | What’s The Big Deal Anyway