4 thoughts on “High Interest Savings Accounts – A Safe Way to Care for Your Money

  1. My main concern with the recent bank crisis has been security of my money in high interest online savings accounts. I recently found this that I was unaware of.

    FDIC now insures up to $250,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts with us, your total deposits can be insured up to $500,000; that’s up to $250,000 in all your individual accounts and up to an additional $250,000 in your joint accounts.

    source: venturebankdirect.com/faqs.php

  2. High interest savings accounts have the distinct advantage of being not just safe but guaranteed by the government. In the sense that it’s easier than purchasing and redeeming government bonds, it’s easily the safest investment for the retail investor.

  3. Make sure you check online only banks for higher rates. Since they do not have to pay for brick and mortar stores they usually can offer a higher rate, among other reasons. So unless you feel the need to have a place to go instead of just a number to call, online savings account may be best for you, especially if higher returns are what drives you.

  4. I am living in avery remote isolated area which i dont earn enough for my familly requirements as House & personal goods seeking high Interest rate of Investments within your company which can help and change my Familys life.

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