On-Line Savings
On-line savings accounts are excellent places to earn higher interest on one's emergency fund and known upcoming expense savings. Because they do not have many branches, they have lower costs and that translates to increased interest rates for their savings accounts. The on-line banks below typically have savings account interest rates that are seven to eight times the national average of the big banks.
E*Trade
No minimum balance
FDIC insured
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.
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HSBC Direct
No minimum balance
FDIC insured