High Interest Accounts Yield High Interest from me!

By | May 22, 2007

emoneycentral

As many of you know, I recently started switching much of my cash deposits from low-yielding accountings where interests rates rated a paltry 0.4% or 0.5%. I didn’t realize how much money I was throwing away until I started researching high yield savings accounts.

When we are busy following our chosen paths in life, we rarely stop to read the fine print of most things: that bank account, the new credit card agreement that just came in, an insurance policy, or whatever. Yet such vigilance can really pay when it comes to your money.

In fact, many checking accounts and standard bank deposit accounts now regularly pay out rates that are L-O-W even by regular standards. So, how is a customer supposed to know whether the rates are great or not?

Well, eMoneyCentral.com is one great website that provides information in all states in the US and offers comparison tables that you can check regularly. A few minutes research on this website should be able to reap considerable dividends over the long term. After all, there’s a big difference between 0.5% and 5.5%, esp. once it accumulates over 20 years! So, spend a few minutes today checking out rates, and save a ton of money!

This ‘high interest’ post was sponsored by eMoneyCentral.com.

Author: InvestorBlogger

Investorblogger.com takes you on a 'Random Walk To Wealth' through money, investing, blogging and tech. We'll explore my insights, mistakes, and experiences together.