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 [...]

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