Getting the Best Savings Account Rate
13 December 2009 | By Savings Rate Finder in Savings AccountsGetting the best savings account rates is going to take time, savings account rates are so low and headed lower before they start heading higher. Bank after bank lower the rate they pay for savings account rates and certificate of deposit rates weekly. You can get a higher rate by investing in an Internet savings account instead of a tradtional savings account.
The average savings account rate is currently under 1.00 percent according to money-rates.com. If you do your homework and search online you can find savings account rates as high as 2% sometimes. I remember last year I opened an online savings account with Washington Mutual Bank for 5.15%. That rate didn’t last long when the FDIC had Chase Bank take over WaMu, the savings rate was promptly lowered by Chase Bank.
Anyway getting the best savings account rate can be done online, there are plently of sites that offer savings rate tables. Fat wallet financial forums is a good site for finding rates, the site has a list of rates and minimum deposit accounts. Members also post current rates from banks you never probably heard of but the rates are good.
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