The Current State Of Online Savings Accounts

piggy-bank

It’s getting harder to find a place to keep your savings lately. I used to get around 6% APY from some online savings accounts as was chronicled on this blog several years ago. Now I’m hard pressed to find any bank offering just a mere 2%. I have been using GMAC/ALLY bank for 3 years now. I’m just going to keep my money there for now because I get 0% if I leave it under my matress. Before anyone says that I should invest it, I’m only interested in FDIC insured accounts.

- Edwin, CashTheChecks.com

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