It is known fact that the interest rates offered on traditional savings accounts at the nation’s big banks will yield you low interest, but if you know where to look you can find higher interest rates on a variety of alternatives.
You can find higher interest rates on a variety of alternatives to the traditional savings account, if you know where to look. Here is list of 5 alternatives to the low-interest savings account rates by bankrate.com
- High-yield Checking Account
- Money Market Account
- Secure CD
- CD Laddering
- Money Market Funds (not FDIC insured)
[Via 5 ways to beat puny savings account rates – bankrate.com ]