Do you have money sitting in your regular checking or savings account gathering more dust than interest?
Why?
Most commercial banks are still paying less than one percent interest on regular checking or savings balances. In comparison, Internet banks are paying well over four, and in some cases over five percent interest. Doing business with Internet banks is easy. Many of them tie directly to your checking account, and allow simple online transfers of funds between your checking and savings.
Here are a few to consider:
ING Direct - Open an account with at least $250, they will also deposit a $25 bonus in your new account (and put $10 in my account) - leave a comment or send me an email if you'd like me to email you a link - Currently pays 4.40%
Emigrant Direct - Emigrant Bank was founded by Irish emigrants as a mutual savings bank in 1850 - Currently pays 5.15%
OneUnited - The First Black-Owned Internet Bank - Currently pays 5.25%
For lots more suggestions, do a Google search along the lines of this
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Posted by David at September 09, 2006 05:38 PM