Personal Finance: Getting a Higher Rate on My Savings

2011-08-06 7

Personal Finance: Getting a Higher Rate on My Savings - as part of the expert series by GeoBeats. People nowadays are very concerned because interest rates are so low and everybody is always trying to find a way to get higher rate on their savings. Unfortunately, there is not a really good quick answer, however bankrate.com, which is b-a-n-k-r-a-t-e, does a very good job of offering a comparison, and it not only shows you some of the local savings accounts and who have some of the best rates, it also shows you some of the online savings accounts and banks, as well as showing you a comparison of the certificate of deposit. So if you strictly need something for day to day expenses or things that can go wrong, you want to do a savings, if you do not need it for a while then you might look at using a certificate of deposit or even a short term bond mutual fund. But as far as a real good, you know, great place to look, that is, you know, websites are probably the best place to look.

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