High Yield Online Savings
Posted by admin on June 2, 2008 in Finance :: Wealth-Building
You know, those big marble halls at big banks may look impressive, but the fact is that they’re paid for by the customers. They just aren’t necessary anymore. You’re much better off with online banks nowadays. Sometimes you have to remind yourself that you are lending your money to the bank with these accounts, and they ought to be paying you. It’s not like you get to charge the bank fees when they loan you money, after all. Check out ING Direct for example. Their rates are way higher than anything you can get at the big corporate banks. And banking online is easier than dealing with lines at tellers anyway. I know some people have issues with not being able to meet their bankers in person, but honestly I don’t really care about that. In fact, I think most people would be better off switching to an online bank.
