November 30, 2008
What is one of the best money market checking/savings accounts with the highest interest yield?
I currently bank of Bank of America. I am disappointed in their low interest rates and am thinking of switching to a brokerage or mutual fund firm that handles checking and savings accounts as well as retirement funds. Can anyone recommend one that yields a decent rate of return with low fees? I'm also thinking of possibly linking a Capital One 5% money market savings account to my existing accounts. Does that make sense to do?
I was considering ING Direct, CapitalOne and HSBC online account. I am going with CapitalOne because I have a company credit card with them and love their service so far so I am looking to build a deeper relationship with them.
Getting more than 5.5% in the US is hard on these kinds of accounts but atleast that is better than the pittance most banks give.
Check out http://www.bankrate.com for rate comparisons as well as all the fine print and good luck.
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