Comments on: High Interest Savings Accounts – A Safe Way to Care for Your Money http://www.accumulatingmoney.com/high-interest-savings-accounts-a-safe-way-to-care-for-your-money/ Because wealth is better than poverty, if only for financial reasons. Mon, 06 Feb 2012 01:49:45 +0000 hourly 1 http://wordpress.org/?v= By: Banking Guru http://www.accumulatingmoney.com/high-interest-savings-accounts-a-safe-way-to-care-for-your-money/comment-page-1/#comment-71480 Banking Guru Thu, 27 Jan 2011 22:47:33 +0000 http://www.accumulatingmoney.com/?p=439#comment-71480 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. 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.

]]> By: John Shay http://www.accumulatingmoney.com/high-interest-savings-accounts-a-safe-way-to-care-for-your-money/comment-page-1/#comment-70947 John Shay Thu, 20 Jan 2011 16:44:42 +0000 http://www.accumulatingmoney.com/?p=439#comment-70947 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. 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.

]]> By: Chris http://www.accumulatingmoney.com/high-interest-savings-accounts-a-safe-way-to-care-for-your-money/comment-page-1/#comment-44996 Chris Mon, 17 Nov 2008 20:11:35 +0000 http://www.accumulatingmoney.com/?p=439#comment-44996 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 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

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