Best Online Savings Accounts Comparison Updated January 2012
Find the best high yield online savings account is the best advice when people ask me for recommendations on where to park their short term savings. These accounts have:
- Liquidity and Flexibility – Money is accessible right away via online transfers (within days)
- Safety – FDIC insured (bullet proof)
- High Yield and Awesome Rates – Pretty much the highest return on your money for the safety that it provides
Many institutions are reducing interest rates down to levels that are close to zero, but some online savings accounts are still offering very high rates. If you have cash that is sitting somewhere and not collecting any interest, you ought to look at these as an investment vehicle that’s virtually bulletproof. Here are a few online savings accounts which I highly recommend:
EverBank Yield Pledge
EverBank has the highest introductory rate available in the industry with its 2.25% APY for the first three months. Afterward, you still get 1.51% for the first year for balances under $50,000 (1.26% for anything above that) and with its exceptional service, it is a strong contender for your money. For further information, read my EverBank Review
- Current Yield – 2.25% (Intro Rate)
- FDIC Insured
- Even the Checking Account has Amazing Yield
Click Here to Go to EverBank.com
ING Direct Orange Savings
ING practically invented the word of “online bank” as it was the only major offering for years before its competition realized the power of the Internet. As a result, ING commands a big chunk of market share, and continues to dominate with its user friendly interface. For more, read my ING DIRECT review.
- Current Yield – 1.00%
- FDIC Insured
- Easiest Interface to Use
