I have had one for a while, but had no idea whether the interest rate was any good (not really). Did a quick search online and found that there are a few banks that offer 1.5% to 1.7% interest on an online savings account. I found a list on the website, nerdwallet, but I am sure there are others. With some, you have access through ATMs, checks, debit cards or apps. Because I use mine as an out-of-sight savings vehicle, I simply link it to my primary checking account. It takes a few days to get the money into my checking account; that can be good (no impulse purchases) or bad (no quick access to money).
June 01, 2018 at 08:30AM
