High Yield online savings accounts are an easy and convenient way to invest extra cash without tying it up in a bank CD (Certificate of Deposit) or a Bond. Below is a list of some of the best banks that offer the highest yield for online savings accounts. The interest rate APY are the current rates at the time of this post.

4.75% Capital One - No minimum balance

4.7% Etrade (very nice if you have a brokerage account with them) - No account minimum

4.5% HSBC – No minimum balance

4.3% ING – No minimum balance

4.25% Citibank – No minimum balance required

Our experience is that it’s very easy to transfer money between a brokerage account and an online savings account or to pull money out through an ATM or by writing checks.

Please keep in mind that these interest rates are subject to change and are usually not locked in like a CD rate or Bond rate.

Tags:   Asset Allocation Model   Diversification Strategy   Learn How to Invest   Portfolio Protection  

Posted on October 21, 2007 10:13 AM | Digg | del.icio.us