Savings Account Online Guide

Helping you get the most out of your Online Savings Accounts!





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The Savings Account Online Guide is a site for anyone considering placing any money in an Savings Account Online, regardless of the sum of money. In 2003, I become completely obsessed with Savings Accounts Online. In most cases, their performance has been rivaled Certificates of Deposits (CDs). They often beat many Bond rates as well. The huge perk with Savings Accounts Online is that they remain complete liquid (you can withdraw money at anytime without penalties).

I found myself checking rates on these instruments more than any other financial tool. If you do not have a Savings Account Online, find out why you should. If you have a Savings Account Online, read my reviews for other banks you should consider and check the rate chart often to know where you should open another account.

My goal with the site is put pressure on all banks to keep their rates competitive. I'm seeing a trend whereby once a bank establishs itself online, they lower their rate and focus on getting customers who are not that informed that other options are available to them. We all lose when this happens, the early adopters especially. We open savings accounts with the understanding that we are just forgetting about the money and letting it grom. Stay informed and open accounts with the best banks and rates available to you. Together if we can cause just a few banks to reconsider their rates, then my work is done!

There are six main sections to my site. I update my site on a daily basis, so check back often. If you are new to Savings Accounts Online, you will definitely appreciate these three sections:

  1. Why Should I Open An Savings Account Online?
  2. How Do Online Savings Accounts Work?
  3. Are Savings Accounts Online Safe?

If you already have an online savings account, you would want to check these sections of my site:

  1. Online Bank Reviews- I have 35 banks reviewed top to bottom.
  2. Banking Tools- Quick little savings account calculators and places to find more stuff.
  3. The Savings Account Online Rate Chart- Updated 3 times a month.


Monthly Savings Account Online Rate Information:

Here's how we look this month:

Best Rate: FNBO Direct - 6.00%

Biggest Movers: GMAC Bank - 5.30% (Up .30%)

Most stable rate: HSBC Direct - 5.05% (19 Months)

What's the rate trend this month: No Movement


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