Bank Online

Bank Online

ING Direct was the first invitation to a high yield savings account. However, since its introduction several years ago, had at least a dozen banks to jump into the fray.Today, banks that are only online,you have large brick and mortar traditional banks offer online accounts, and even banks that have two completely different online bank subsidiaries.So how are you supposed to decide the best bank to put your savings?


Here are six steps right online bank for you :

Step 1: FDIC Insured

Step 2: Interest Rate

Step 3: No Fees, No Minimums

Step 4: Brick & Mortar Locations

Step 5: Check Reviews 

Step 6: Test It Out
 

Saving money in a savings account online is a simple way to increase the amount you earn interest. If we are talking about $ 20 in savings, no big deal, but if you have a few thousand sitting around, this is definitely something to consider.