Get Out Of Your Low Interest Savings Account
Are you still in a low interest savings account? Are you .50% or 1% on your savings? It's time to look into switching into a high yield savings account. These savings accounts are offering from 4% to 5.5%. Take advantage of these types of accounts and make your money work for you!
For those newbies, a savings account is defined as:
Savings accounts are accounts maintained by commercial banks, savings and loan associations, credit unions, and mutual savings banks that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets that could be used to make purchases while earning a monetary return.
High Yield Savings Account Offers
- Amtrust Direct - 5.30%
- Founded in 1889, AmTrust Direct offers some of the best Certificate of Deposit (CD) rates available, enabling you to open a high rate CD account with as little as $1,000.
- Ing Direct - 4.40%
- Earn 4.40% Annual Percentage Yield on an FDIC-insured savings account with no fees, required minimums or service charges%u2026 no matter how much you have on deposit.
- WAMU - 5.00%
- Free checking + 5.00% APY savings. No monthly fee. $1 minimum.
Saving Is Important
General rule is that you should have a few months worth of savings socked away.
Below are some typical items that you should have savings available to use. This will help you avoid the charging up high interest credit cards.
- Car Repairs
- Medical Emergencies
- House Improvements Or Repairs
- Vacations
- College For The Kids (Or Yourself)
- Funds For Job Retraining
Money And Happiness
- Money - Its Use And Abuse
- HOW a man uses money makes it, saves it, and spends it is perhaps one of the best tests of practical wisdom. Although money ought by no means to be regarded as a chief end of man's life, neither is it a trifling matter...
- Habits Of Thrift
- COMPETENCE and comfort lie within the reach of most people, were they to take the adequate means to secure and enjoy them.
- Fool.com: Money = Happiness [Commentary] January 20, 2004
- What makes people happy for the long term? Romance, friendships, good health, and kittens. What doesn't? Money. So, why the heck are we working so hard for those extra few thousand dollars a year? Dayana Yochim steps off the "hedonic treadmill" to find out what really puts a kick in our step.
Lates News On Savings Accounts
Below are the latest news stories on savings accounts. These are updated daily.
Fetching RSS feed... please stand byBooks On Personal Finance And Saving
Personal Finance For Dummies, 5th edition
Amazon Price: $14.95 (as of 10/06/2008)
Personal Finance + Student CD
Amazon Price: $145.17 (as of 10/06/2008)
Focus on Personal Finance (The Mcgraw-Hill/Irwin Series in Finance, Insurance and Real Estate)
Amazon Price: $99.67 (as of 10/06/2008)
Tell Us About Your Savings Goal
Tell us about your savings goal? What are you saving for? Or, did I miss a great offer? Let me know if I have not listed a bank which is offering a great rate of return.
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judithe
Low interest can also give you high yield...high yield of headaches and worries and you're right in saying that everybody should find a way to get out of this financial mess! To save money is to save wisely, right? And find a way how and this lens of yours describes it best! Have something to share to you, too, on how to save money while enjoying hi-yield savings account: personalized accounting checks ! I'm sure you will love it! Posted May 28, 2008 |
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Informative thread, thank you. Posted June 05, 2007 |
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August
I very much enjoyed the 1884 article "Money-Its Use Posted March 28, 2007 |
