Go for online banking you might earn higher interest

United States
December 15, 2010 3:45pm CST
As you already knew, we won't earn much from the money in our saving account, because it is obviously around 0%. Unless you have some money deposited in CD for a long term, like 1 - year; or 2 - year, the interest might getting higher than regular saving account. I had noticed that, if you deposit your money in one of those online banking, you might get a slightly higher interest rate. Why not check it out, and see it for yourself if you are a conservative investor, and you won't go for high risk. Smartypig.com; and everbank.com both offer higher interest rate in saving. If you still not satisfied with their rating. You can check on bankrate.com to shop for better deal.
5 responses
nicregi
@nicregi (1934)
• Malaysia
15 Dec 10
Good morning there. Wow I am surprise on this matter! Didn't know we can invest some sort of online banking. However, are they safe? I am worried as even cherryshares became scam last month. That is scary!
kingparker
@kingparker (9673)
• United States
16 Dec 10
Hey, if you check on the sites I posted there, they are FDIC certified, which is warrantied by the U.S. government. Also, if you check on bankrate.com, they have list of banks that provide high interest rate. So, what is there to scare? I don't know about singapore though.
Vivek Pujara
@vbpujara (646)
• Rajkot, India
16 Dec 10
I was just exploring this type of service and found from you really thanks, any way if you can provide more info how this works how to invest and withdraw which payment processors supports this
Heyk1992
@Heyk1992 (22)
• United States
15 Dec 10
is it that good. I'm thinking of investing in it and i wouldn't want my money to go like that. I will send a friend request so you can tell me about it more. Thanks.
ivancdp
@ivancdp (73)
• Brazil
15 Dec 10
I do that. The savings account here gets like 0.54% interest and the long term ones get like 0.9%
MMichaels
@MMichaels (89)
• Philippines
15 Dec 10
Yes I also like to know about this. Keeping our money in a savings account is merely just for us to "save" it and keep it "safe" and not for the intention of earning an interest from it. I will look into these sites and see for myself if it is good . :) Thanks for the info !