I recently wrote an article at Associated Content that details 3 reasons why you should consider opening an online savings account. This recession has made money tight for a lot of people - people who normally didn't feel the need to count their pennies before payday. Rock bottom mortgages rates sound great to new home buyers, but for long-term savers, the record low mortgage rates just mean a paltry savings account APY! My own credit union has a 1/2% savings rate right now. I remember a few years ago when I was getting 3% at my old bank in PA! Why take 1/2% APY when you can get 3 times that at ING or HSBC? Below is a link to that article if you'd like to read why, other than a higher interest rate, moving your money to an online account (FDIC insured) is a good idea.
Why you should consider opening an online savings account in today's economy.
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