Open a high yielding savings account

Would you rather have 0.5% or 4.5% interest on your savings account? If that doesn’t mean anything to you – would you rather I handed you $5 or $45? That’s what the difference is between online banks’ rates and regular banks.

 

I tried a couple different online banks, but INGDirect is my favorite. There are a couple out there that pay a little higher interest, but for ease of use, convenience, and security I think ING is the best around.

 

The way it works:

  • You need a “regular” checking account.
  • This account is linked to your ING (or other online banking) account.
  • You can transfer money between the two accounts as you wish.
  • You must remember that it is an MMDA account and there are certain restrictions.
  • There are no fees and no account minimums.

Email me and I can get you a $25 bonus for opening an account.


Related posts

Filed under Make Money Now, Strategies to Save Money by

Posted on: June 13, 2007

Comment


Leave a Comment

Subscribe without commenting

Vonage $24.99 a month and 1 month free 234x60


ChristianPF.com is dedicated to providing Christians with debt help, budgeting help, tips and ways to make money, and a Biblical perspective about money.