There are still plenty of online banks that offer excellent savings accounts. Don’t let you money sit in a savings account that’s going to be eaten by annual fees. You shouldn’t have to pay to let you money sit in a savings account. In this article we will explain the importance of a great online savings account, why you need one, the types of savings accounts, and which ones will work best for your situation. | Good Financial Cents
I spend a lot of time talking about the need to have your money in a high-interest or high yield online savings account, so I thought it was time I put together a list of the top high yield online savings accounts.
It’s still possible to find free checking accounts. You just have to know where to look. Many online banks offer legitimately free, FDIC-insured (up to $250,000 per account) accounts with few restrictions and plenty of sweeteners. Some even pay noticeable interest.