High Interest Savings, High Interest Savings Account

27
Dec

Are High Yield Interest Bonds Better Returns than High Interest Savings Accounts?

What is the present state of the high yield interest rate and its impact on investing opportunities? At a glance, the European and U.S.market suggest that high yield bonds symbolize a modicum of returns for the investor.

The Economist, financial publication purports that mutual funds account for more than 400 investments in the American high-yield bond markets. Nonetheless, for the investor optimistic for healthy returns, high-yield bonds are ultimately a bet that the organization issuing debt will not fall prey to a default.

High yield interest savings accounts in the U.S. present their benefits, too. Even as high interest savings accounts offer better returns, be sure to weigh any minimum balance requirements with the interest rate. Compare brick and mortar high interest savings account terms to those offered online.

Although online savings accounts generally afford a high yield interest account, be sure to peruse the terms of service in entirety. For instance, the high yield interest rate at FNBO.com and ING Direct do not impose fees. Through ING Direct, customers can administer transfers from a banking account right tin to the high interest savings account. Another high interest savings feature at ING is the ability to register an account to a Revocable Living Trust.

The European Crisis coupled with the U.S economy’s recent downgrade are diminishing the luster and security that investors once relied on as safe haven. Today’s current wide credit spreads present opportunities in the medium of short maturity high yield funds.

The reason that high yield bonds seem quite appealing to European corporations is due to the de-leveraging of banks rendering loans unavailable. In lieu of the low interest rates, coupled with high inflation, these high yielding bonds are quite appealing for the investor in quest of an expeditious return.

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27
Sep

High Interest Savings by Credit Card Company

As it turns out, high interest savings accounts are now being made available via credit cards. A major credit card corporation is so eager nurture new relationships with cash conscious accountholders — that companies such as American Express–are doling out enticing yields to secure new customers.

American Express is one such company, offering attractive high interest savings account to lure in new accountholders. Since the US Stock market has been quite volatile, investors are search of safe havens to stockpile cash.

American Express’ high interest savings account is a plausible savings device for a number of reasons:

For starters, American Express symbolizes a financial institution with a steadfast history.

Also, deposits under $250,000 are insured by the Federal Deposit Insurance Corporation
(FDIC).

The high yield savings account also affords 24/7 access to funds.

Accountholders do not have to adhere to any minimum balance requirements.

American Express’ high interest savings account maybe appealing to the saver, who prefers the flexibility of connecting his or her personal checking account to the high yield savings account. The benefit here streamlines making transfers and deposits.

Quite often banks such as Amercian Express Banking services flog one high interest savings rate, knowing that they will need to modify rates. The annual percentage yield (APY).

Note that APY is a variable rate. This means that interest is accrued according to any constant principle, and a steady interest rate, American Express’ high interest savings calculator showed a $513 gain, if a $10,000 saving acccount deposit remains untouched for five years.

Finally, at a time when banks and financial institutions are imposing fees for checking, monthly account fees and ATM withdrawals, this high interest savings account currently offers fee-less accounts.

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30
Jun

High Interest Rate Savings Accounts: Protecting Your Assets
What to do with a surplus of cash? Is a high interest rate savings account better than a standard savings account?

As U.S. financial statistics indicate that savings account balances are up better than before the Great Recession. Now that Americans are holding onto so much cash, the prudent approach to stretching one’s s dollar is to stockpile cash into a high interest savings account with a financial institution, protected by the Federal Deposit Insurance Corporation ( FDIC).

The FDIC backs deposits up to $250,000 per account holder at a bank. In the event of a failure, the depositor is guaranteed not to withstand any losses.

One percent interest far exceeds earning 0.00% on money collecting dust in your savings account. Even if one earns a measly $69 a month, this is dinner once a month or at least a $828 annual gain for doing nothing.

5-Approaches to Protect Your Assets with a High Interest Rate Savings Account
- But before one subscribes to the high interest savings account, the first critical step to safeguarding funds is to evaluate the financial rating of the bank. A primary lesson learned from America’s financial meltdown is to always evaluate each institution’s financial stability. AIG and Lehmann Brothers exemplify that no bank “is too large to fail.”
Although Capital One Financial recently acquired ING Direct, an institution renowned for its no fee-high interest rate savings accounts, a news report, published by Reuters (June 17, 2011) says that Moody’s just issued a review of Capital-One’s financial stability for a potential downgrade.
- Don’t place more than $250,000 in a high savings account with one financial institution. Since the FDIC insures the aforementioned amount, reserves–exceeding that amount, may not be covered in the event of another financial meltdown.
- Although the objective of opening a high interest rate savings account is to yield the highest return, be leery of any financial institution offering more than one percent.
- Also, note that many banks offer high interest rate savings accounts to lure new customers. Many of these high interest rate savings accounts are introductory or riddled with maintenance fees and charges.
Fees and the number of withdrawal allowances represent another area to evaluate before subscribing to a high interest rate savings account. Some banks impose fees and penalties for withdrawals.
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20
Apr

ING Review: High Interest Rates Savings Account

As the Obama Administration continues its Treasury bond-buying program s through June 2011, high interest rates saving accounts will continue to yield an annual percentage rate between 1 percent and 1.8 percent. In an effort to drive up cash reserves, financial institutions such as American Express, Ally Financial and ING Direct promise magnanimous benefits. The following facts provide a succinct ING review of the company’s savings account.

ING Review – Fact Sheet

Inception: 2000

Corporate headquarters: Wilmington, Delaware

Balance policies: ING Direct’s unlimited deposit minimum, enables anyone to open a high interest rate savings account without any balance minimums.

Fees: None

Yield of high interest rates savings account: ING savings account, dubbed the Orange Savings Account– yields an annual 1 percent or more

Financial Access: Online, ING Direct: gives its policyholders 24 hour access to their funds

How is AIG’s Orange Savings Account (high interest rate savings account) calculated? A variable yield, where the interest is accrued according to the daily amount and then compounded monthly.

Security: Immune from financial collapse, deposits up to 250,ooo are insured by the FDIC.

Fraud protection: With ING Direct Orange Savings Account, the policy holder not liable for fraudulent activity.

Nominal carbon footprint: If the high interest rate savings account remains active, then policyholders receive a statement at the end of the month. (Inactive accounts only receive quarterly statements).

How does ING Direct not charge fees or impose balance requirements?

ING Direct has the ability to eliminate certain fees and minimum balance requirements on high interest rate savings accounts because the financial institution does not have the overhead to manage like most financial institions. Unlike brick and mortar banks, which staff employees, have utility bills and other responsibilities involved in owning or renting a commercial property, ING only has eight satellite offices in the United States.

Credits high interest savings account: At the end of every month

Flexibility: ING Direct lets accountholders with a Revocable Living Trust register the high interest savings account as a Living Trust.

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29
Nov

Understanding High Interest Savings Accounts

With interest rates at all time lows, the high interest savings account is lackluster, then ever. Among bank retailers, a half a percent yield is the norm these day, making the mutual fund and high yield bonds an attractive savings instrument than the high interest savings account.

What are the minimum requirements?

Among large banks such as ING Direct and HSBC Bank, consumers need only a dollar to open a higher savings account. The caveat is that the minimum balance fees have the ability to consume any account where the balance falls below required amount of he high interest saving account.

How does the bank compound interest?

Although banks feature a variation of high interest savings account products, each institution compounds interest differently. While one institution may compound interest on an annual basis, others compound the interest on a monthly basis. For consumers, this discrepancy influences returns generated from the savings account.

Does the bank impose penalties for withdrawals? Although federal legislations authorize consumers to make up to half a dozen monthly withdrawals, most banks impose a fee after the third or fourth withdrawal. Some financial institutions use high interest savings accounts to simultaneously entice new consumers to open an account, while optimizing the institution’s financial liquidity.

Is the interest rate on the high interest savings account short term?

In an effort to attract new customers, banks promote high interest savings accounts for a specific period of time. Generally, three to six months, the introductory rate expires, dawning a significantly lower rate. Financial advisors recommend that consumers shop for banks offering a cash bonus incentive.

Axiom: High interest savings accounts afford a variation of features, which warrant additional fee structures.

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09
Jul

Dodging Dicey High Interest Online Savings Account
As the economy stabilizes, reports indicate that consumer confidence is not gaining the momentum that retailers have anticipated. Across the nation, America is learning new consumption and saving habits. High interest online savings accounts are more appealing then ever. From banks on shaky ground to fraudulent transactions, this consumer information reveals five-strategies to follow before subscribing to any high interest savings account.

Compare high interest online savings accounts to similar products. By analyzing the offerings of major financial institutions, this provides a complete composite of average rates. Abnormally, high interest rates are usually a warning sign. As with any financial situation, the old adage applies: “If the deal sounds too good to be true, it probably is” — rings true.

Verify the bank’s financial standing. Banks in the red often use high interest savings accounts to generate new business. In an effort to maintain liquidity, institutions will lure consumers to stockpile cash at a significantly higher interest rate.

Remember that certain banks tempt consumers with substantial returns as the riskier trade off for lacking insurance coverage by the FDIC.

Check the limits. Some smaller banks, offering high interest online savings accounts, impose caps balance caps of $50,000 or less.

Fund with an insured high interest online savings account. Circumnavigate any unforeseen monetary damages losses via an high interest online savings accounts. Any high interest online savings account that is not insured by the FDIC is unworthy of consideration. Customers who maintain accounts with financial institution that are not backed by the FDIC are highly susceptible to the bank’s closure and financial losses.

Validate contact information. Even if a financial institution’s Web site features the FDIC logo, verify the following information:
- Address
- Phone number
- Headquarters
Any high interest online savings accounts lacking the aforementioned information is suspect to unscrupulous business transactions.
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24
Jun

High Interest Online Savings Account Review: Smarty Pig
It’s a well-known fact that many high interest online savings account offer a higher yield than standard banks. But, while Americans are in quest of the highest returns, a different kind of high interest online savings account entices consumers to save and then splurge: Smarty Pig.

The new-fangled, high interest online savings account with charge card tendencies. Here’s how it works:
- A minimum deposit of up to $25 is needed to open an account and a monthly deposit of $10 is needed to keep the account active.
- Consumers set a financial target via Smarty Pig’s social network.
- Friends and families can contribute to an accountholder’s “goal,” but there is a 2.9 percent processing fee for the transaction.
- Once the consumer has made their goal, the funds can be transformed into a debit card or gift card via a major retailer or transferred into one of their accounts. Although the online savings account does not charge any ATM, load fees or monthly fees, account holders should expect a nominal charge form the owwer of the automated banking machine.
Smarty Pig promises a sizeable yield. Assessed by West Bank, which is secured by the FDIC, Smarty Pig’s variable interest rate tier system awards individuals with a balance less than 50,000 will earn 2.133% (2.15% APY). However, the high interest online savings account with more than $50,000 accrue only .5 percent.

[According to the online savings accounts terms of use and Truth in Savings the aforementioned rates can be changed without notice.]
- Smarty Pig is totally green in the sense that all bank statements are submitted via email.
- The high interest online savings account also enables consumer to use their payable on Death (POD) Beneficiary. But, the caveat is that the beneficiary must be over 18 years of age.
As for an online high interest online savings account with socially engaging features to save money, Smarty Pig seems to offer a high incentive.

Let us know what you think about the high interest online savings accountSmarty Pig.
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08
Jun

High Interest Rate Savings Accounts Fact Sheet
In lieu of the recent financial concerns about the Gulf spill, turmoil in Europe and an impenetrable unemployment rate, many investors are in search of safe havens to stockpile cash reserves. And while inflation remains at a norm, high interest rate savings accounts continue to attract the consumer who does not have a penny to lose.

To deconstruct the high interest rate savings accounts, High Interest Savings compiled a fact sheet:
- High interest savings accounts with funds up to $250,000 are protected by the FDIC Federal Deposit Insurance Corporation.
- Although, many high interest rate online savings accounts promote a yield, many are promotional gimmicks, accompanying specific guidelines.
- Since each financial institution assesses interest on differing terms (week, month or year), always determine the metric for the promoted high interest rate savings accounts.
- Subsequent to subscribing funding a new high interest rate savings accounts, remember to review the following terms which can carry fines, and fees:
- - Withdrawal policies
    
    Number of monthly transactions
    
    Administrative fees
    
    Minimum balance requirements
- In situations, where the accountholder maintains a checking account and high interest savings accounts, review if there are any check balancing guidelines that would negatively affect the high interest savings accounts’ growth. (Some brick and mortar banks have pesky conditions, like this).
Did you know… that if even account holders of high interest savings accounts, are NOT American citizens, their deposits up to $250,000 are insured by the FDIC.
- Compare how much yield the bank contributes to high interest rate savings accounts. (Many findings show that larger institutions offer a lower yield than smaller banks)
- Until 2013, all high interest savings accounts with balances up to $250,000 are covered by the FDIC’s standard insurance amount (per depositor – per institution)
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25
May

How to Feed the High Interest Savings Account
At High Interest Savings.org we often review the various types of financial products to grow the nest egg. But, the cultivation of the high interest savings account calls for setting a monthly target goal. Decide how much money you can reasonably afford to save each month. Use the following money saving’s tactics to accelerate your high interest savings account:
- Maximize gas mileage, by keeping tires on the proper inflation.
- Shop for a high interest savings accounts, where funds are electronically transferred from the paycheck into the savings account.
- Regular automobile tune-ups can minimize major car repairs, requiring vehicle owners to dip into their high interest savings account.
- The average car wash costs anywhere between $5 and $15. By washing one’s car by hand, that’s more than a $60 savings per year.
- Decrease energy consumption around the home. By turning down the thermostat five to ten degrees below the normal temperature, actualize a savings of at least 10 percent a year–another savings opportunity with worth an annual savings of $75.
- Using a mason jar or other similar sized receptacle (piggy bank), discard all extra change into the jar. Try to fill up the jar monthly to deposit into the high interest savings account.
- Practice financial prudence by avoiding overdraft fees.
- To reduce the chances of overspending, set a weekly budget that accounts for transportation, food and other personal necessities. Then, store all credit and debit cards in a safe place, alleviating the temptation to exceed the financial plan.
- In the end, the only way to maximize savings is by setting realistic monthly goals. Since high interest savings accounts fluctuate based on inflation, be sure to check the yield of your high interest savings account on a regular basis to assure that you’re attaining the best return on the savings’ investment.
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11
May

Some High Interest Savings Accounts Have Limitations Too

Since the collapse of Lehman Brothers and the Bernie Madoff financial fraud of the century, the financial tools, which once seemed securely sheltered from any Wall Street tremors, appear vulnerable and frail then ever. Fortunately, high interest savings accounts with a value of $250,000 or less of have a modicum of a safety net. But, these Federal Deposit Insurance Company (FDIC) backed savings’ investments accompany a few pesky terms to beware of.

The high interest savings account tends to give prudent, cynical savers, who prefer pure liquidity, a certain level of security. Despite the FDICs safety cushion (covering accounts up to $250 K insured), the high interest savings account calls for some due diligence.

In an effort to minimize research, consumers will open a high interest savings account at the bank where they have a checking account. The rational seems practical when one considers transferring funds between accounts.

For a household with a savings of $100,000, the high interest savings account makes the most money-wise sense.

The only problem is that banks, such as Chase, have persnickety little guidelines that many consumers overlook until it’s too late.

Since many Americans prefer to do conduct banking at one financial institution, remember to review all the terms.

For instance, some financial institutions will charge a monthly fee, if the checking and high interest savings accounts do not maintain a minimum balance. In example, the minimum average requirement of both accounts is $75,000 at Chase.

Although many brick and mortar banks offer incentives for consumers to maintain both a checking and high interest savings account at the same financial institution, remember to peruse the fine print. As at Chase, when consumers do not conduct any banking transactions within a 35-day period, they run the risk of yielding a lower interest from the “enhanced rate” originally shown with the high interest savings package. (The aforementioned stipulations are just a few reasons consumers must always read financial details in entirety).

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Page 1 of 312 3 »

High Interest Savings

Are High Yield Interest Bonds Better Returns than High Interest Savings Accounts?

High Interest Savings by Credit Card Company

High Interest Rate Savings Accounts: Protecting Your Assets

ING Review: High Interest Rates Savings Account

Understanding High Interest Savings Accounts

Dodging Dicey High Interest Online Savings Account

High Interest Online Savings Account Review: Smarty Pig

High Interest Rate Savings Accounts Fact Sheet

How to Feed the High Interest Savings Account

Some High Interest Savings Accounts Have Limitations Too

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