Open a savings account online and you will be sure to keep your liquid reserve cash earning income at today’s most competitive short term interest rates. Leave your money in your local brick and mortar savings bank and watch inflation annihilate your cash reserves’ buying power. Simple Economics – Inflation Rate vs. Interest Rate...
People frequently ask me what is the best savings account for kids and I figured at this point I may as well write a post about it. I like to talk and write alot about teaching home finance to kids and adults and the basic workings of moving money around efficiently using online savings...
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...
Your best online savings account is going to have to be reliable – as your savings account online should be a second line of emergency liquidity after your checking account and linked local savings account. You expect to receive a higher interest rate with an online savings account and rightly so – but you...