Which Online High-Yield Savings Account is Best? ∞ Get Rich Slowly
Personally, I wouldn't mind a little more cash. There are a number of banks which are offering a high yield savings account. These banks are able to offer higher yields because the saving accounts are direct accounts. Everything is done electronic. Instead of using a bank teller, you can deposit, withdrawal and several other types of transaction via the Internet, ATM and telephone. The bank saves money and passes on these savings on to the customer. In fact, HSBC Direct is offering a promotional 6.00% APR from now to April 27th 2007.