Where is a Safe Place To Put Money?
If you’ve been watching your stocks decline, you are not alone. The stock market has lost trillions of dollars over the last few months, and that includes billions of retirement 401K money. If you are looking for a safe place to sock away cash, it can be frustrating. You may see that your local bank is only paying a fraction of a percent in interest will will really be a loss since it probably will not keep up with inflation.
High Yield Online accounts like the ING Orange Savings Account may be a better option. Since online accounts do not have to pay the salaries and other expenses of a branch bank, they can offer better returns. They offer higher than average interest rates, and are FDIC members so your money is insured just like it would be at the bank down the street.
It is actually very easy to use online savings accounts. So go on and stash some cash.
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Tags: high yield savings, online savings
This entry was posted on November 25, 2008 at 11:00 pm and is filed under finance. You can follow any responses to this entry through the RSS 2.0 feed.
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