High Yield Savings Account | Why Bother at Present Rates?

James Smith — Fri, 25 Sep 2009 12:26:01 +0000

People ask me why open a high yield savings account these days when rates are only 1.35%? In all fairness that is a good question, because there are plenty of higher paying CDs out there - but CDs as we know have their problems too. Making a decision to open a high yield savings account when rates are so despondently low these days doesn't seem like a good use of spare cash - but there are benefits to doing it. Let's look at a few reasons.

High Yield Savings Account | Why Bother at Present Rates? is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

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High Yield Savings Account | Why Bother at Present Rates?