also offers a $150 and $200 bonus if you deposit $15,000 or $25,000, respectively . There is no minimum balance to start earning interest and no monthly maintenance charges.Because rates can and do change daily, the bank with the best online savings account can change, too. Based on our research, as of November 25, 2019, SFGI Direct offers the highest rate at 2.27% APY.
Typically, rates change when the Federal Reserve changes the rate on what is called the federal fund rate. Theis the “interest rate at which depository institutions trade federal funds with each other overnight.” When the Federal Reserve lowers this rate, banks typically respond by lowering the rates on deposit accounts. When the federal fund rate goes up, banks often follow suit by raising the rates they pay on deposit accounts.
No thank you. I want to be able to go to my bank if there is a problem. Online banks are like they are in the cloud & your $ is at their whim. I don't trust them. I hope they are not the future.
How stupid can people get? Do you really trust the banks? Fiat economy could be the death us of all when one day we will not be able to get our money