Looking for higher prices for your savings

Only a few years ago, to pay 3.5% of internet savings account is a mouse click away. Now, you’re lucky if you can in your savings income of more than 1% – unless you take up your money for five years. Low cost online banking (they have no branches, after all) for work to your advantage, but it no longer seemed important. So, you now need to do your homework to find the best parking funds than ever before.

Begin by examining two savings and money market deposit account interest rates (now they are almost equal) in www.bankrate.com or www.mybanktracker.com. Then go www.checkingfinder.com see what community banks and credit unions offer (see advantages of credit unions). If you could get a checking account ee values ​​of up to 4% of the bank’s high-yield AGR you are online and use your debit card 12 times eleven months. (To help you compare options, see How to find your local bank.)

Some high-yield accounts only for local customers. For example, Bank of Westfield dream big savings to pay 1% and only need $ 100 to open an account, but only residents of Ohio are eligible to apply. Harmony bank, with branches in California, Nevada, New Jersey, New York and Washington, DC, is offering its hard money market account rate of return branch customers 1%. OneWest Bank, in Southern California, limits its hierarchical personal savings and money market accounts senior, were paid up to 1% and 1.1%, to local residents. Branch customers in Mid-Atlantic region in simple savings accounts who deposit $ 10,000 Capital One earn the same 1.15%, the bank offers online.