High Interest Investing - High Interest Savings Accounts Online
Looking for a simple high interest investing idea with almost no risk?Probably one of the most under appreciated markets I have come across is the world of high interest savings accounts online.
Emigrant Direct
as an example offers an interest rate that ranges from 2.75%-5% APY for a simple online savings account. Compare that to what many of you reading this probably get in your typical
savings account
or
money market account
from your hometown bank, and I think you will find a huge difference. While some
certificates of deposit
may offer a slightly higher interest rate than a high yield savings account, they are very restrictive as far as accessing your money if needed.
Setting up a high yield online savings account is very simple and can be linked directly with your current checking account. This makes it simple and easy to transfer money to and from each account.
So if you are the very conservative type when it comes to investing a high yield online savings account may be your perfect fit.
CLICK HERE TO TAKE A FREE TOUR OF EMIGRANT DIRECT
Emigrant Direct Benefits(The information listed below is cited from: EmigrantDirect.com)There is never a minimum balance requirement with an Emigrant Direct American Dream Savings Account. No matter what your account balance, your account will always earn a high interest rate.No hidden costs. No fees. No penalties. No service charges. The Emigrant Direct American Dream Savings Account has no fees or service charges, and that's the truth! You earn high interest on every single cent you deposit without having to worry about giving it back in fees. 24/7 access to your account, and no need to change banks. An Emigrant Direct American Dream Savings Account gives you the freedom to access your account whenever you need it. When you open your account, Emigrant Direct automatically links up with your designated checking account allowing you the flexibility to make deposits or withdraw funds by transferring money online.Safe and Secure - FDIC Insured Your deposits at Emigrant Direct are FDIC insured up to $100,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts with them, your total deposits can be insured up to $200,000; that's up to $100,000 in all of your individual accounts, and up to an additional $100,000 in all of your joint accounts.
About Emigrant Direct Emigrant Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920s it had grown to become the largest savings bank in the nation.As of December 31, 2005, Emigrant Bank has approximately $10.5 billion in assets and more than $789 million in net worth. Together, Emigrant Bank and its affiliated Regional Banks* have $14 billion in assets and more than $1 billion in net worth, operating through 36 branches in the New York metropolitan area.As a traditional savings bank, Emigrant Bank, through its mortgage banking subsidiary, Emigrant Mortgage Company, is licensed to originate home loans in New York and 19 other states. Last year, Emigrant provided almost 4,000 home loans totaling $1.1 billion. As of year-end 2005, Emigrant Bank and its affiliated Regional Banks have almost 490,000 accounts and almost 20,000 home loans. Emigrant Bank and Emigrant Mortgage Company have a loan-servicing portfolio of more than $5 billion.Emigrant Bank's wealth management division, New York Private Bank & Trust, has its own deposit products starting at $2,000,000. Emigrant Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit.CLICK HERE TO TAKE A FREE TOUR OF EMIGRANT DIRECT
Return from High Interest Investing to Homepage
