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Compare Current Annual Percentage Yields for Savings:
Bank of America - 0.5%
Wells Fargo - 0.25%-1.01%
Citibank - 0.5%
with online savings account 3% to 5%
What is an Online Savings Account?
*An Online Savings Account is a savings account that offers one of the highest yields compare to regular banking.
*You access to your money with free online transfers to and from your existing external bank accounts 24-7. No minimum balance to maintain.
*The Federal Deposit Insurance Corporation (FDIC) provides insurance on deposits to at least $100,000 per depositor, up to the maximum amount allowable by law.
Capital One ( a top bank) offers 3.50 APY for balance over $10,000. Under $10,000, 2.5 %.
Look around in the internet for other banks which offer a higher rates. Others may offer higher rates because they dont have a brick and mortar presence. You know your money is safe because The Federal Deposit Insurance Corporation (FDIC) provides insurance on deposits to at least $100,000 per depositor, up to the maximum amount allowable by law.
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