Even
though online savings account rates can and will fluctuate with time, some banks are known to be among the best regardless of what is going on with the economy.
Not exact matches
At these rates,
though, don't tie up your money here when you can get the same rate in an
online savings account and have easier access to your cash.
With few or no physical branch locations to pay for,
online - only options for
savings accounts generally require no maintenance fees or minimum balance,
though they do charge excessive withdrawal fees similar to traditional banks.
Though we haven't found a bonus like this one in any other
online savings accounts, its usefulness is limited by the Dream
Account's $ 1,000 limit on monthly deposits.
Stash
savings accounts are currently paying about.55 % in interest, which,
though not as high as the 1.45 % offered by
online banks like Ally, is certainly nothing to sneeze at.
If you don't do anything positive with that extra $ 250 a month and just let it sit in your checking
account and increase your spending, then maybe allowing yourself to get a nice refund will be a kind of «forced»
savings (
though an automatic contribution to an
online savings account would work just as well).
Using an
online savings account separate from your checking
account is a much better idea because their interest rates are usually much higher (
though not incredibly high as most
online accounts pay around 1 %), but also it creates an extra barrier against you from withdrawing that money on a whim.
It doesn't have to be just a
savings account though online banks such as Ally pay 2 %.
I never really thought about
online savings accounts though.
Some
online savings accounts have ways around this,
though.
But if you have a portion of your
savings that you don't need to access as frequently, you can still take advantage of great
online savings account rates,
though.