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G'day to everyone,
Does anyone use the High income return on an investment Savings accounts online? I wonder if they are safe to try to place some of my funds into for safekeeping and to earn a small return as well. . Thnx |
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There are several good ones. Here is a link you might want to look at.
Money Market High Yield ( MMA ) and Savings Account Rates |
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Yes bankrate.com is a great place to check deposit rates. Although I do have to admit, working for a bank, that a lot of times we may offer an unadvertised promotion on a CD or Money Market Savings acct and it won't show on bankrate if that is the case. I'd always check some of your local banks as well to see if they're offering anything special.
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No sense in locking into a $10,000 CD at 2-3% when you can get MM @ 4%+ and remain liquid with no minimum values required. Your money is not even keeping up with inflation in the CD. To get better than 2-3% on CD's, today you have to lock for 6-10 years or have many tens of thousands to lock. Long term I think there will be better options if your money is free to roam.
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