Saving money isn’t as fun as spending it, but when you find a bank that offers the best interest rates for savings accounts, you can find enjoyment in watching your money grow.
Chapter 1. Savings Account Rates
The idea of investing money, and potentially losing that money can scare people away from investments. But looking at a savings account as an investment is a safe way to put money away for an emergency. Different banks offer different rates for savings accounts, but some are better than others. The best interest rate on a savings account can be a simple way to invest your money. Finding a savings account that is FDIC insured can also ease your mind. Since the savings account is FDIC insured, you can be sure that you won’t lose your money, even if the banks fail. Finding a bank that offers the best rate on savings accounts and is FDIC insured is a simple way to start you on your path to investing or simply putting money away for an emergency. Financial advisors agree that having part of your money in an FDIC insured account is a smart idea. Not only is your money protected from failed banks, but from you. Saving money around your house might work for some, but easy access to the money could cause you to use the money for frivolous purchases. A savings account, especially one with the best interest rate on savings accounts, can help you actually save your money. The best interest rate savings accounts are available from many different banks, including online banks. Finding the best online savings rate, or rates from individual banks can be easy by using the comparison chart. Finding the best savings rate can help you invest your money safely while earning interest.