High Interest Savings Account

When it comes to saving you want to get the biggest bang for your buck, which is why everyone wants to know how to find the best  hi interest savings account available. Generally speaking, you will find the best rates with online banks. Why?  Simple, since the bank is online it can have customers from virtually anywhere, as opposed to your local bank which will only ever be able to get a certain number of customers.  Another reason is that with an online bank the overhead is considerably less than a traditional 'brick and mortar' location so the savings can be passed on as higher interest rates.

 While you won't get rich off of a savings account, it's still a good idea to get in the habit of having a nest egg.  If we've learned anything from the current economic downturn it should be to save more, use credit less, and learn to live within our means since we never know when the bottom might drop out. Many people wouldn't be struggling right now if they didn't have such high debt in relation to their savings.  Even if you lose your job, you'll be able to get by longer if you have a savings to fall back on. 

It's also a great way for you to be a good role model for your kids.  Teach them from an early age to save a little from each paycheck they get.  Teaching your kids to be financially responsible is one of the best gifts you can ever give them.  Too many people nowadays don't really know how to responsibly use their money.

Before signing on the dotted line and opening an account make sure you carefully read, and understand all the fine print.  Many banks will required a minimum deposit.  Generally the higher the deposit the higher the interest rate you'll earn. 

Also make sure to check if there is a limit to the number of withdrawals you can make every month.  Many banks will only offer a limited number of withdrawals for free and than charge a fee for every one after that amount. 

Will you have to maintain a minimum balance?  What will happen if your balance ever falls below that point?

Is the bank FDIC insured? 

How easy is the banks website to navigate?  The website is going to be the primary method for dealing with your bank so you want to make sure it's easy to use and that you can easily find everything you need...when you need it.

And last, but not least, how readily available is their customer service?  If you ever have a question, or a problem, will you have an easy time of connecting with a real live human to answer your question?

There are many places where you can find a  hi interest savings account, most of which will probably be online.  Just take a little time and make sure you understand what each bank has to offer before you open your account, and try to put a little bit away each time you get paid.  You'll be surprised at how quickly it can add up.

When it comes to saving you want to get the biggest bang for your buck, which is why everyone wants to know how to find the best  hi interest savings account available. Generally speaking, you will find the best rates with online banks. Why?  Simple, since the bank is online it can have customers from virtually anywhere, as opposed to your local bank which will only ever be able to get a certain number of customers.  Another reason is that with an online bank the overhead is considerably less than a traditional 'brick and mortar' location so the savings can be passed on as higher interest rates.

 While you won't get rich off of a savings account, it's still a good idea to get in the habit of having a nest egg.  If we've learned anything from the current economic downturn it should be to save more, use credit less, and learn to live within our means since we never know when the bottom might drop out. Many people wouldn't be struggling right now if they didn't have such high debt in relation to their savings.  Even if you lose your job, you'll be able to get by longer if you have a savings to fall back on. 

It's also a great way for you to be a good role model for your kids.  Teach them from an early age to save a little from each paycheck they get.  Teaching your kids to be financially responsible is one of the best gifts you can ever give them.  Too many people nowadays don't really know how to responsibly use their money.

Before signing on the dotted line and opening an account make sure you carefully read, and understand all the fine print.  Many banks will required a minimum deposit.  Generally the higher the deposit the higher the interest rate you'll earn. 

Also make sure to check if there is a limit to the number of withdrawals you can make every month.  Many banks will only offer a limited number of withdrawals for free and than charge a fee for every one after that amount. 

Will you have to maintain a minimum balance?  What will happen if your balance ever falls below that point?

Is the bank FDIC insured? 

How easy is the banks website to navigate?  The website is going to be the primary method for dealing with your bank so you want to make sure it's easy to use and that you can easily find everything you need...when you need it.

And last, but not least, how readily available is their customer service?  If you ever have a question, or a problem, will you have an easy time of connecting with a real live human to answer your question?

There are many places where you can find a  hi interest savings account, most of which will probably be online.  Just take a little time and make sure you understand what each bank has to offer before you open your account, and try to put a little bit away each time you get paid.  You'll be surprised at how quickly it can add up.