High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough

High Return Savings Account — Wed, 30 Sep 2009 22:14:21 +0000

High interest savings accounts, FDIC insured or not, are vulnerable to the same sorts of liquidity interruptions as any other FDIC insured account… only now the FDIC is starting to ask banks for money in advance. Why is that do you suppose? While regulators and prominent figures such as Fed Chairman Ben Bernanke talk about the improving economy and slowing growth in unemployment the line workers at the Fed are still busy closing banks. Talk About Better Times Ahead While the Minions Do the Dark Work of Winding Down Insolvent Banks Since the collapse of Lehman last September the Fed has closed down (at last look) 92 banks in 2009. Why does it seem odd to be talking about an improving economy in the face of more bank closings? Because it IS odd. What the Fed doesn’t want to talk about is that it’s regulators and auditors are still working through the flailing psuedo-solvent banks that are being allowed to quietly and slowly grind to a halt rather than cause a panic and a general run on the banking system. What Does This Mean for the Average High Interest Savings Accounts FDIC Insured Saver? What this means for average saver [...]

High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough is a post from: Online Savings Accounts - High Rate CD Accounts | Saving Money for Kids

High Interest Internet Savings Accounts | Great Savings Incentive for Families

High Return Savings Account — Sat, 12 Sep 2009 00:22:04 +0000

Most families are discovering high interest internet savings accounts and how easy they are to set up and maintain. It doesn’t take a lot of effort to set up an account online… a few mouse clicks, some basic personal data, and links to your local checking or savings account to make it easy to move funds back and forth. Simple enough? How Families Are Benefitting from High Interest Internet Savings Accounts The great savings account rate advantage offered by high interest internet savings accounts gives families the incentive to overcome significant hurdles to greater financial awareness. Many of the skills required to set up and move money around into high interest internet savings accounts are the same skills needed to set up and manage a personal IRA account, or other retirement account. Likewise given that local banks now have nearly complete integration with financial services programs like Quicken and Microsoft Money, those same programs work in just the same way with high interest internet savings accounts. Another way families are benefitting from having an online savings account is the buffer those accounts create between the family and the immediately available cash for purchases. Funds that aren’t immediately available to withdraw [...]

High Interest Internet Savings Accounts | Great Savings Incentive for Families 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 accounts

High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough

High Interest Internet Savings Accounts | Great Savings Incentive for Families