The national average for savings/MMA interest rate are below 1%. If you have one of those account(s) your money isn't working hard enough for you. In this article you will find out how to easily find and open a high yield saving/MMA account. So read on to find out how to get more for your money.
Things You'll Need:
- Desire for better interest rate
Follow the steps below to be on your way to interest rates!
Do a quick search for the bet interest rates on the internet using your web browser, Internet Explorer, Mozilla Firefox, Safari, Opera, Google Chrome etc.. Use which ever search engine you prefer, Google, Bing, etc.
There will be a number of sites offering a list of the best interest rates, such as bankrate.com, bankaholic.com, & Bestcashcow.com. Take a look at the search results in the image. (Firefox, and Google were used in this demonstration.)
I have used bestcashcow.com as an example. When clicking the link you will see that the Savings/MMA rates with their corresponding banks listed from highest to lowest. After reviewing each bank select the one that you prefer based on the account retirements and the interest rates. You can then do a search for the bank and open the account online in most cases. This shoudl take no more than 15 – 20 mins. Happy Savings!!
Tips & Warnings
- Make sure the bank is FDIC insured, all Bank holding companies are supposed to be FDIC insured.
- Some of the banks have a minimum deposit requirement.