Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info » savings accounts

High Yield Money Market Accounts | 3 Offers Reviewed

High Return Savings Account — Thu, 31 Dec 2009 05:04:01 +0000

High yield money market accounts are a great place for your money in low rate environments like these. Although the returns are not necessarily spectacular (quite the contrary in fact), rates are competitive and FDIC insurance reduces the default risk so many other yield bearing instruments are burdened with. In addition to the risk-competitive rates on high yield money market accounts is the liquidity of the assets. This keeps your cash handy should the economy pick up and other investments begin to appear more attractive. Rate Flexibility Helps High Yield Money Market Accounts Keep Up with the Joneses Rates flex frequently (usually monthly or with changes in the Fed rates), meaning your deposits won’t fall behind if inflation picks up. Cry your heart out if you’re locked into a long term CD at these rates when the music picks up and the yields suddenly jump. I won’t be holding my breath (things being the way they are) but on the other hand it’s nice to know I can move money out into more attractive investments without an early withdrawal penalty. Today’s Rates Low But Still Meaningful in Real Terms A quick scan of current bank rates in high yield money [...]

High Yield Money Market Accounts | 3 Offers Reviewed is a post from: Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info

Savings Accounts for Children | Steps and Tips to Opening an Account

High Return Savings Account — Sat, 17 Oct 2009 14:07:05 +0000

Some parents don’t open online savings accounts for children because they are concerned or wary about making transactions online – and with some good reason. On the other hand there are some reasons which are unwarranted and other reasons in favor of working with accounts online that it still makes sense to do so. If you’ve been unsure as to whether to open savings accounts for children in your household, here are a few things you can expect to go through to open an account online for your child. In order to complete this process you’ll need an email account. You can get a free one at yahoo.com or gmail.com or hotmail.com. Any will do. Keep your email address handy as you’ll need it throughout this process. Preparing to Open an Online Account – Step 1: A Local Bank Account In order to most effectively use an online account, whether savings accounts for children or your own IRA or brokerage account, you need a local bank to act as a liason between you and your online account. Find a local bank that offers free a checking or savings account, open an account there and wait for your initial deposit to [...]

Savings Accounts for Children | Steps and Tips to Opening an Account is a post from: Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info

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 | Kidssavingsaccount.info

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 | Kidssavingsaccount.info

High Return CD | Where to Put Money in a Low Rate Environment

High Return Savings Account — Wed, 02 Sep 2009 16:07:11 +0000

I was looking for a high return CD the other day. Rates have been ridiculously low thanks to the horrible economy and awful business mismanagement by corporate executives but I still wanted a place to sock away at least some money in an interest bearing account. I honestly hadn’t had a lot of luck finding a high rate CD that was worth the holding period. Then it occurred to me… if I can park my cash in a decent yield liquid account until rates start rising again I won’t have my money caught up and destroyed by inflation. It Just Doesn’t Pay to Have Money Locked Up in a Low Rate Environment Putting your money into a high return CD can be a risky place for your money if the bank you give you money to is in danger of insolvency. Many bank advertisements online these days are trying to attract investors to buy their high return CD products. What I have been noticing in these ads is that at least a few of the higher rate CD offers are coming from banks that are either financially stressed or have already received TARP money. Why does that matter to you? [...]

High Return CD | Where to Put Money in a Low Rate Environment is a post from: Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info

Kids Savings Accounts | Why Smart Parents Set Them Up

High Return Savings Account — Sun, 23 Aug 2009 01:36:52 +0000

Smart parents know setting up kids savings accounts for their children will give them a lifelong advantage over children without them. Public education in the United States is woefully devoid of even the most rudimentary financial basics as writing checks, managing a checking account, credit cards, and home budgeting. While there certainly many cultures that don’t get this basic education – most of the cultures that don’t are third world countries. American Kids Who Lack Basic Financial Education Fall Behind Why we choose not to require our children to master the basics of managing their personal finances is beyond me, but that doesn’t mean we can’t teach our children what they need to know to function financially in our society. There is no reason it can’t start early with kids savings accounts, play time with games like Monopoly and Payday, and one on one conversations where children’s demands are turned into simple learning exercises. Making Learning about Savings Accounts Fun One of my favorite learning exercises takes the kids savings accounts and makes the interest earnings more tangible by converting them into gumdrops (or whatever your child’s favorite candy is). It doesn’t take a lot of fancy math to make this [...]

Kids Savings Accounts | Why Smart Parents Set Them Up is a post from: Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info