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High Interest Investing - High Interest Savings Accounts OnlineLooking 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. ING Direct 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.
So if you are the very conservative type when it comes to investing a high yield online savings account may be your perfect fit.
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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.