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High Yield Savings Rate Forecast 2011

High Return Savings Account — Mon, 26 Sep 2011 15:57:39 +0000

Just taking a moment to update our high yield savings rate forecast for 2011. Given the dismal outlook for the economy and what seems like a never ending stream of negative prints on economic activity indicators we have little reason for improved yields. The Federal Reserve Bank has gone on record indicating no intent to increase rates until 2013, meaning they don’t expect much in the way of growth or inflation in the foreseeable future. What Does This Mean for People Relying on Fixed Income People who have been living on fixed income for the last several years have seen their yields drop precipetously since the initial financial crisis in 2008. Since then yields have been in a free-fall. It was hoped by many that the initiation of QE2 by the Federal Reserve might jump-start the economy but it really only fueled speculation in financial markets. Given the Fed has opted to keep rates low for an extended period, fixed income yields will remain exceptionally low. High interest savings accounts online are paying dismal rates today and are not keeping up with cost increases in health care and energy. Some still wonder whether they need to know how to beat [...]

High Yield Savings Rate Forecast 2011 is a post from: Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info

High Interest Rate Savings Account Online | A Good Place for Non-Emergency Cash

High Return Savings Account — Tue, 08 Sep 2009 19:16:37 +0000

A high interest savings account online is a smart way to manage money saved for a rainy day when (as best you can tell) the skies are clear and the outlook relatively sunny. I go a little overboard with online accounts in all honesty… they’re so easy to manage when you have the right software, it behooves you to have a couple of online accounts in order to take advantage of the different offers at any one time. Obviously the bulk of your cash reserve savings will be in one account or the other, but I can’t tell you how many times I’ve been thankful to have a few extra hundred dollars in that second high interest rate savings account online. How Can These Online Banks Offer Interest Rates That Are So Much Better? Banks are able to offer a high interest rate savings account online because of the economies of scale afforded by being on the internet. Because these online banks are able to attract and service a large number of customers without the overhead costs associated with brick and mortar facilities they are able to make high interest rate savings account offers. Banking is very much a numbers [...]

High Interest Rate Savings Account Online | A Good Place for Non-Emergency Cash is a post from: Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info