Online Savings Account Rates
Posted on | December 6, 2009 | Comments Off
Online savings account rates are higher than traditional banks because online banks have lower costs. There are banks that only operate online but there are also traditional banks that have an online banking arm so they too can compete and offer best online savings account rates and money market account rates.
Some of the biggest online banks include HSBC Direct and ING Direct. Right now HSBC direct is offering an online savings account yield of 1.35 percent and ING direct is offering an online savings account yield of 1.30 percent for their Orange Savings Account.
There are other online banks offering even higher rates and yields, Redeck Bank, yes that’s right, Redneck Bank is offering an annual percentage yield of 2.00 percent for their Mega Money Market Account. Even if you’re not interested in banking with them you should take a look at their website, it’s very funny.
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