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.
An Ally online savings account as an example offers a much better interest rate for a simple online savings account than your typical savings account or money market account from your hometown bank. 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.