Money Market Accounts
Interest rates on savings accounts may go up and down, but one constant is the range of different rates to be had. Some people end up on the low end, but you can take steps to make sure you stay near the higher end. There is more to determining the best savings accounts than just comparing rates. Read through the following 6 tips and become more savings savvy.
While the economy is slowly trying to recover from the collapse of 2008, there is still a need to focus on building a nest egg for your future. Thanks to the miracle that is compounding interest, money grows if you set it aside on a regular basis. The keys are knowing how to save, finding money to set aside and establishing a regular savings plan.
Whether you are storing up an emergency fund or saving for a vacation, a savings account can be an ideal place to park your cash. The best accounts keep your money handy and safe with FDIC insurance while paying you a competitive interest rate. Online banks often offer the best interest rates, but dont forget to check out traditional banks when comparing accounts.