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am i better off leaving my savings account at my credit union where i only get 1.5% int vs onlilne, what bank?

how safe is online banking and which bank is the best?

8 Answers

  • 1 decade ago
    Favorite Answer

    1.5% on a savings account is great! Most banks (non-credit unions) offer less then .50%. If you don't need to have immediate access to it look into putting it into a CD. Depending on your balance you can receive up to 4.5% APY in a CD. However if you need to have access to the funds CD's are not wise because you will have penalties for early withdrawal.

    Another thing you can check into, depending on how much you have, is a Mutual Fund account. These act like a checking account that usually have a tiered interest. The more money you have in it the higher interest you receive. The only draw back to a Mutual Fund is that you are limited to how many transactions you can make a month. Plus, you usually have to carry a minimum balance of $25,000.

    Source(s): Banker
  • 1 decade ago

    Usually online banks give the most interest, but they usually have to link to a checking account that you have at another bank. For the past two years, I have been using ING Direct as my savings account bank. They are FDIC insured, and give around 5% interest. They usually give more if you start up an CD. Oh, and there are no daily balance fees, and you only need $25 to start. Go to for more details.

  • Kitty
    Lv 6
    1 decade ago

    You need to check out some mutual funds that may interest you. Also CD's are safe and make more than any savings account so look into those as well AT your credit union.

    The credit unions have been better than any bank I have found. Perhaps in your area you will find differ.

    : ) Happy Saving !

  • 1 decade ago

    Actually there are a few on line options nowadays that are very dependable and consistently pay the same rates on saving accounts as other banks on CDs. So, why look your money when you can have access to them at any time and yet make nice interest. Anyway, I personally use and am very very happy. Quick and easy access. You link this saving account to any checking account from a local bank, so when you need to deposit money into saving, you go to their website and tell them to pull money from your checking, or push it back onto checking when you need it back. All transactions take 1-3 days.

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  • 1 decade ago

    Here are a couple of resources:

    Benefits Of Online Banking:

    8 Golden Rules For Safe And Secure Online Banking:

    As for which bank gives the best interest rate, the best 2 online are the following:

    6.01%: Everbank:

    4.5%: ING:

  • Anonymous
    4 years ago

    shop a minimum of $1000 in mark downs in case of emergencies and pay the cc right down to $800. Use the subsequent couple of months to pay off the mastercard and then commence construction your mark downs back as a lot as an quantity equivalent to three-6 months of what you presently make.

  • DaMan
    Lv 5
    1 decade ago

    Ditch that bank and get with Citibank who is paying 4.75% interest on savings NO MINIMUM.

    10 pts please!!!!!!

  • 1 decade ago

    no a C.D. is best...Can u give me best answer please?

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