Money Matters
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best high interest savings account?
I am looking to open an e-fund account and keep hearing about high interest savings account. This is an account where I would not ever need the money fast so even if it takes 10+ days to get the money out, that would not matter.
Is one online account any better or more secure/safer than the other?
Also, I saw someone mention they were making 6% in a "retail account" which I am not sure what that is??
Re: best high interest savings account?
1% is still about the most you can get in a normal savings account.
Vanguard has funds you could look into. Potential gains will be higher, there will be some risk, and probably a minimum balance.
That was me who mentioned the retail account.
Ours is through Mainstay Investments (Affiliated through New York Life), and is a Retail Mutual Fund (invests in corporate bonds). It is not a savings account, and is an investment.
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