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What is the best online savings institution?
Jean from GA
I use ING Direct (www.ingdirect.com). There is no minimum to open an account, no fees, and the interest rate right now is 4.50%. I have had my account for about 2 years and have been very satisfied.
Thank you for such a quick reply. I have money in my Paypal account and would like to open a savings account to earn some extra cash. I am wanting to send the money from Paypal to the savings account. So I may try this. Thanks again. Jean
I agree, ING is your best bet. THe rates have jumped one percent in the 9 months that i have been using them and have been very satisfied as well.
You could google and find some saving institutions.
I suggest going to www.bankrate.com.They will give you the best rates in the country.For example I looked up CD's and found AM TRUST in Cleveland Ohio giving 5.36% for a one year CD with a deposit of $1,000 as of Nov.29 2006.