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| *Loan,banking and credit>>>bank account |
What is the best bank to open a savings account with? |
I'm looking to save with an account with a high APY. What is the best bank for this? Also, how do savings accounts work typically? I live in the NY/NJ/CT tri-state area. If you have 5-10,000 dollars then the money market deal is good mentioned above. But if you're like most of us that have a grand or less, you want to look into online banks for the best interest. These are a little scary because you can't walk into them and if you want to tak out money, it takes a day or two, but they pay the best interest. Check this link to compare interest rates. Good luck! http://www.bankrate.com/brm/news/chk/200... E*TradeBank has competitive rates. They currently offer a money market with a 5.15% APY (for the first 3mos) and 5.30% CD's. As long as you don't need to visit a branch very often, it's a good place to bank. Customer for 7yrs chase bank and bank of america I have my with key bank because i can use the debit card with not charge. so you can get some other good things besides interest. I save in what ever bank has the best interest. If you are talking about a CD every tuesday the rates are in the newspaper. the rates change weekly so different banks have different interest; it all depends on your needs, how much money do you have, how often do you want to deposit into your savings; it is also important to consider how many times you want to withdraw money from your account. It's ok for you to save, it is always important to do so; but you have to keep in mind that there are several products that will fit your needs. My personal recomendation is that you go to a Bank of America and open it in there. There's virtually no difference in the interest rates from bank to bank. Choose one with a branch (or at least an ATM) close to you. If you are eligible for a credit union you might get a better rate there. |
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