[Update] The savings rate (THR) by cuts in the federal funds rate – close to 0% – it is increasingly difficult for people to get a decent return on risk-adjusted free cash in savings accounts. According to Bankrate.com, the average rate of savings account to fall below 0.25%. In addition, many of these products once high-flying that the banks were 8% + APY in bankruptcy, so that only a few banks that offer above average offering. When it comes to choosing the right high interest savings account is, is the first thing you need to ensure that it is by the FDIC insured (0000 line savings accounts), fees for accounting charge and is well capitalized / incorporated. If the savings to these mandatory requirements into account, the next key to take into account the savings rate (TRA), user experience are / interface, and finally, the convenience (which includes good customer service). With these criteria in mind, here are my top recommended accounts high interest rate:

ING Direct a very simple and easy to use interface that with its strong brand, which is the most popular accounts on the market. The new Electric Orange account combines them to offer competitive APY, the review features and ATM is in direct competition with established banks, which have little or no interest offer from their current accounts. If it is an ING Direct account and regular interest rates just above do it for you.

EverBank to pay interest on the average of most of their savings accounts and requires to be among the top 5% of all suppliers (which is clearly shown to be the most recent prices). The minimum deposit is 500, but after that there is no minimum balance. A bonus for new accounts provides for a special rate for the examination of the first year, and a competitive return on their IRA, CD and money market accounts.

Ally Bank (formerly GMAC Bank) is a relatively new player in the space of interest has high savings and provides some competition for strong leaders market ING Direct and HSBC Direct. It offers fairly standard compared to the most important players, but the feature I liked most is that she and compound interest calculated daily instead of monthly or quarterly, as some other large banks. The interest is compounded, as a rule, the faster growing. Even market leader certificate of deposit (CD) with what is good for most investors who want to use the term timing.

ETrade , not only offers a brokerage service, very competitive, but also an economy-class account with a straightforward user interface multi-function. Have a combined savings, brokerage and IRA account, the things very easy to manage from an administrative point of view. The savings account is for those who want one-stop shop for all their financial activities

Conclusion great. I currently have my money and economy of the state of emergency by a number of accounts with the above which I like best. Interest rates down quickly, looking for the best performance is something I’m constantly doing to maximize my profits. to change as prices (TRA) and the best offers come, I’ll update this post and you can register by email or RSS continue to receive the latest products and offers directly.


Money market savings account