I am considering emigrantdirect.com; they offer 4.25% APY… I read the FAQ and see no catch or restrictions. Any other good savings accounts or suggestions out there? Thanks in advance.
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Thinking of investing your savings?
While increasing your savings is good, multiplying your money through smart investments feels great - there are lots of opportunities out there and you can be successful if you're arming yourself with the right information.
Where to start?
If you're going to try your luck on the stock market or trading options, first start by learning the basics and delay as much as possible buying real positions. One way of getting hands-on experience with the markets is through online trading - either forex or binary options are good learning grounds and most online brokers offer trial accounts free of charge (if you're wondering what are binary options, 24option.com has very good resources on it, besides offering a free practice account and a wealth of information about binary trading in general). Final warning for the very eager: binary options are exotic financial instruments; real trading involves substantial risk of monetary loss.
2 Comments
I have never heard of emigrantdirect, but I have used ING Direct for about 6 years now and have never had a problem with them. They have a promo right now where the rate is 4.75% until 4/15/2006, after that it goes back to the regular rate of 3.8%. They have no minimums, no fees, and always transfer money quickly and without a hassle.
I use Vanguard.com & Fidelity.com … Money market accounts. NO FDIC insurance, but it does not worry me. Over the long term I think these funds outperform the banks, because the banks don’t have to raise rates at any given point. The money market funds are always buying higher yielding securities.
check bankrate.com for yields on both savings vehicles.