Somebody know which bank give the best interests in a saving account?I Would like to know which banks or corporations give more profit in a saving account, CD, or stocks. Starting with a least 500 Dls. Santa Cruz, CA. Joe. |
Somebody know which bank give the best interests in a saving account?I Would like to know which banks or corporations give more profit in a saving account, CD, or stocks. Starting with a least 500 Dls. Santa Cruz, CA. Joe. |
I don't know about all the banks, but true savings accounts are still quite low I'm afraid. Stocks don't pay interest, only dividends, and there you have the risk of losing more than you put in. CDs are running above 5% but you have to sock your money away for a fixed period of time-usually 3, 6, or 12 months. Money market funds are another good option, and there you have total liquidity-just like a checking accounts. Often you can access them through checking accounts, brokerage accounts, or similar products. It sounds funny but even Paypal is upwards of 5% right now, with no minimum, simplicity, liquidity, and you can shop online with it too if you need to.
ING direct by far-they don't have physical branches so there's less overhead. You need a chequing account at a physical bank branch to set yourself up though.
I'm not sure about the others honestly..but i'd check out ingdirect.com. I put money in there and you really watch your account grow but they have different kinds so you should check that out
See bankrate.com for the best nationwide savings and CD rates.