My local bank offers a savings account with 0.07% APY. It seems like most online banks have savings accounts with 1.40% - 1.50% APY.
Why can online banks offer such a higher interest rate and is it safe to transfer my savings from local to online?
Submitted March 08, 2018 at 07:48AM by Flippy042 http://ift.tt/2IdVl8P
