Savings Account Online - Find rates offered by banks
The highest interest rate at the moment is offered by Ever Bank at 2.25% bonus rate. They have a promotional offer now and if you compare the APY that they offer it is amongst the very best around. You will be able to maintain a balance as low as $5000 as the minimum balance. They are FDIC insured and have a 4 star safe and sound rating to them.
The next in the ranking is Ally Bank at 1.29% APY. It offers one of the highest savings rate with no minimum balance that you have to adhere to or any monthly fees that you need to pay.
Next in line is Sallie Mae at 1.25% APY. It offers the customers a highly competitive savings account with no monthly fee, no minimum amount required and a fabulous customer service experience to boot.
The others are- FNBO Direct Online Savings Account - 1.25% APY
- NG Direct Online Savings Account - 1.10% APY
- WT Direct Savings Account - 1.16% APY
- Lending Club - average 9.6% APY
This is one sure shot way of keeping your money ahead of inflation. Even if your Savings account online earns you not much by way of interest it will still enable money to flow in and keep you ahead of the money race.
You will have to shop and compare what the other online banks offer in order to be able to use the option that offers you the best of option in order to accumulate money.
There are several benefits that will come your way with the use of Savings account online as you will be able to keep money aside and use it for day to day living expenditure and yet allow it to earn interest.
It is the safest option of keeping your money safe and also saving up periodically for a large expenditure in the future such as your children’s’ college education fees. The money that you set aside is completely insured and therefore, you do not have any fear of losing the money.
The use of Savings account online is certainly an extremely safe option to stash your money and to be able to enjoy the interest earned by it. in these difficult economic times you certainly don’t want to lay your bet on any other avenue than the one that is the safest.
In fact, these banks offer an interest rate that is far higher than what is offered in a normal brick and mortar bank. That is one of the main appealing features for customers.