Finding a good savings account is important because it separates your short-term savings from spending. It’s wise to have your savings automatically deposited into a savings account each month so that you’re not tempted to spend it. Create such a barrier will insure you’re saving gradually growing an emergency fund to help protect you from the unexpected.
Online savings accounts are a great tool for savings in that they offer higher savings rates than traditional savings.
Featured High Yield Savings Accounts
ING Direct Orange Savings - ING Orange Savings account has been one of the more popular online savings accounts for several years. It’s an account we use for our emergency fund and offers a competitive interest rate. It’s FDIC insured and provides you the ability to link your checking account to transfer money. There are no minimum balance requirements or monthly fees.
Find a High Yield Savings Account
Find a high yield money market or savings account using this comparison tool from Bankrate.com.