Where can I find a good high yield savings account?
April 27, 2009 by How Savings Bonds Work
Filed under High Yield Investing
Can you answer Ambernc1’s question about Bonds?:
We are looking to transfer the money in our savings account to a high yield savings account or even possibly a CD. The bank I am currently with only offers a 0.2% return on savings and a 1.2% return on a 3 month CD. Does anyone know of a bank in the US (Arizona) that has a higher interest rate? I was looking for around 3%.
Tax Free Municipal Bonds
We are looking to transfer the money in our savings account to a high yield savings account or even possibly a CD. The bank I am currently with only offers a 0.2% return on savings and a 1.2% return on a 3 month CD. Does anyone know of a bank in the US (Arizona) that has a higher interest rate? I was looking for around 3%.
Tax Free Municipal Bonds
Save Money Using High Interest Rate Savings Accounts
April 11, 2009 by How Savings Bonds Work
Filed under High Yield Investing
Are you just wasting your savings in a traditional savings account? Many Americans out of habit settle for very low interest savings rates. But, you don’t have to. There are many great options today for high interest rate savings.
What are high interest rate savings? These are payments made by the bank to you for leaving your money in the bank. By depositing your money in the bank, your bank utilizes a portion of it in its loan operations where it subsequently earns through interest and loan charges. In effect, the income they receive trickles down to you, their source of money. This savings interest rate is actually an effective incentive system. Why so? If you save more money in your bank account through your deposits and savings, you end up receiving a higher return on the savings interest rate than other people would.
The last one is perhaps the most obvious feature of the bank that people do not take advantage of. A bank, being a financial intermediary, can actually help you save money efficiently. Here’s how.
First, you are required to keep what is called a maintaining balance in your bank account. This means that even if you make deductions in your account, the bank requires you to save a bare minimum in order to continue enjoying their services. And yes, that translates to a forced saving on your part.
When it comes to financial management, even business professionals reach a consensus as to what is the most effective, reliable, and secure means to manage your money, and that is through the bank. Your bank is an effective means to manage your bills payments, keep track of your transactions, receive your income and whatever extraneous cash inflow, and help you save effectively.
Another feature of bank saving is the fact that you are free to continuously add to your account whenever you can. Otherwise, your money will remain safe in your bank. Moreover, while it’s staying in the bank, you are actually earning interest rates on your money.
Banks have a threshold amount for you to be able to participate in the bank’s long-term, higher yield savings schemes. Time-deposit accounts, mutual funds and the like require you to leave your money untouched for a longer period of time. In exchange for the bank’s use of your money for a longer period of time, the percentages of interest return are double those that you would get in a regular savings account. You can add increments of a certain amount in order to increase the capital you invest in your time-deposit account or mutual fund. An increased account obviously translates to bigger interest gains.
Talk to your local bank about their savings schemes. They offer various mechanisms to encourage us consumers to entrust their money to them. In a bank, your money is in a safe place, and it is growing while it stays there.
But, don’t just settle for a low interest rate for your savings account. Do your research. Go online and find a high interest rate and open an account at that bank.
Thanks to Fred Peters for contributing this article to our Bonds blog:
What are high interest rate savings? These are payments made by the bank to you for leaving your money in the bank. By depositing your money in the bank, your bank utilizes a portion of it in its loan operations where it subsequently earns through interest and loan charges. In effect, the income they receive trickles down to you, their source of money. This savings interest rate is actually an effective incentive system. Why so? If you save more money in your bank account through your deposits and savings, you end up receiving a higher return on the savings interest rate than other people would.
The last one is perhaps the most obvious feature of the bank that people do not take advantage of. A bank, being a financial intermediary, can actually help you save money efficiently. Here’s how.
First, you are required to keep what is called a maintaining balance in your bank account. This means that even if you make deductions in your account, the bank requires you to save a bare minimum in order to continue enjoying their services. And yes, that translates to a forced saving on your part.
When it comes to financial management, even business professionals reach a consensus as to what is the most effective, reliable, and secure means to manage your money, and that is through the bank. Your bank is an effective means to manage your bills payments, keep track of your transactions, receive your income and whatever extraneous cash inflow, and help you save effectively.
Another feature of bank saving is the fact that you are free to continuously add to your account whenever you can. Otherwise, your money will remain safe in your bank. Moreover, while it’s staying in the bank, you are actually earning interest rates on your money.
Banks have a threshold amount for you to be able to participate in the bank’s long-term, higher yield savings schemes. Time-deposit accounts, mutual funds and the like require you to leave your money untouched for a longer period of time. In exchange for the bank’s use of your money for a longer period of time, the percentages of interest return are double those that you would get in a regular savings account. You can add increments of a certain amount in order to increase the capital you invest in your time-deposit account or mutual fund. An increased account obviously translates to bigger interest gains.
Talk to your local bank about their savings schemes. They offer various mechanisms to encourage us consumers to entrust their money to them. In a bank, your money is in a safe place, and it is growing while it stays there.
But, don’t just settle for a low interest rate for your savings account. Do your research. Go online and find a high interest rate and open an account at that bank.
Thanks to Fred Peters for contributing this article to our Bonds blog:
Check out Smart Savings 101 to find information about the best high interest savings accounts. If you are interested in learning more about money market accounts read best money market accounts. If you are in need of information for paying off your debt, check out debt settlement.
Can you get money out of a high yield savings account?
April 7, 2009 by How Savings Bonds Work
Filed under High Yield Investing
Can you answer ceiiiba’s question about Bonds?:
Or are there fees?
I want to put some money in a high yield savings account or a CD but i want to know if i can get to it. I know you can’t with a CD until the time is up, but I didn’t know how it was with high yield savings accounts.
Investment Grade Corporate Bonds
Or are there fees?
I want to put some money in a high yield savings account or a CD but i want to know if i can get to it. I know you can’t with a CD until the time is up, but I didn’t know how it was with high yield savings accounts.
Investment Grade Corporate Bonds
I am thinking about putting money in a High Yield Savings account. Any ideas on where i should put it?
March 18, 2009 by How Savings Bonds Work
Filed under High Yield Investing
Can you answer King’s question about Bonds?:
Im thinking about putting some money in a High yelid savings account so i have it for a rainy day. I will be putting some out of reach paycheck and whatver else money i get. Im currently a college student and thought it would be a good way to have money just in case. Im not sure where i should do this at. either a bank or whatever way.
High Yield Corporate Bonds
Im thinking about putting some money in a High yelid savings account so i have it for a rainy day. I will be putting some out of reach paycheck and whatver else money i get. Im currently a college student and thought it would be a good way to have money just in case. Im not sure where i should do this at. either a bank or whatever way.
High Yield Corporate Bonds
