American Banking News is proud to announce the release of a comprehensive guide for consumers that are looking to get a better return with their savings account.
Everyone should have some amount of cash in liquid savings, whether it be a money market account or a high-yield savings account, to take care of unexpected expenses and to provide a cushion for job-losses. Most financial advisors will suggests that you have between 3 and 6 months worth of living expenses in your personal savings account.
Unfortunately, the interest rates that savers have been getting in the last year have been depressed to near zero. With the Federal Reserve keeping target interest rates at record lows, it’s been very difficult for consumers to get worthwhile rates of returns on their savings accounts–that’s why we’ve created our online savings account guide.
Our free online savings account will provide you with information about the best high-yield savings accounts. In the guide, we compare online high-yield savings accounts to the traditional savings account that you might find at your local bank. We also show you how to compare and evaluate different savings account offerings and recommend some of the banks that our team’s writing staff have had experience with and have found to be good offerings.
The guide also has an up-to-date list of interest rates that each of the major banks offering online savings accounts are offering, as well as comprehensive reviews of each account. We update the interest rates on accounts weekly, so when you are opening an online savings account or recommending one to a friend, you’ll always know where to find the best rates.