Issues With Online Savings Accounts
August 17th, 2008
Bank of America stinks, just so you know. I’ve been using them for years just because they have ATMs all over town, but now I’m checking out online checking accounts. There are much better deals to be had there. I mean with the rates most big banks pay you, you’re not even keeping up with the huge rate of inflation in this country. Not even close. You’re actually losing money in real terms. Not exactly the sort of reward you’d like to get for saving. I poked around the net, and settled on wilmington trust direct as the best option out there. They pay great rates, and don’t charge those ridiculous fees. Who cares if the big banks have more ATMs when they will refund your ATM fees from any other Bank? Now I can use any ATM in town. If you’re not earning a good return, you might want to check them out as well. Until next time.
Entry Filed under: Finance :: Wealth-Building