Tip 1. Get higher interest savings - Money Saving Tips And Secrets

Highest interest savings accounts are online.


The savings accounts rates are incredibly low right now. So more then ever, it's important to get the best rates possible to keep up with rising inflation. Not surprisingly, the best rates are to be found in the online savings accounts. The main reason for this is due to the fact that online accounts do everything over the internet and it eliminates the costs of maintaining branches.

I've been using online savings accounts for many years and I've never had any problems with them. The way they work is simple: you sign up for online savings account, link it to your checking account, then transfer money online from your checking to your online savings. Whenever you need some extra cash, you go online and transfer it back to your checking. It takes about 3 business days for transfer to complete. It's that simple.

Below are the highest interest savings accounts at this moment:

#3 is Emigrant Direct savings account with very good 1.40% APY. I had this account for many years and never had any problems with it. It consistently has some of the best rates in the industry and I highly recommend it.

#2 spot holds HSBC savings account with 1.45% APY. HSBC currently has the second best interest on savings accounts. It's online-only account - you can't go to a branch to open it or do transactions.

#1 in rating is American Express with by far the best 1.85% APY!

You can check out the full list of the best high interest online savings accounts here.
 
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