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Want Your Savings to Earn a Higher Rate of Return? Try Internet Banking.

Doesn't it seem like the only impressive numbers we've seen this summer are the digits on the thermostat and the unaffordable prices of homes? Real estate has been excruciatingly hot for the past few years, but getting in the market now puts you in the high-risk category for a heat stroke if the market decides to cool off this year.

Make Money Online So if a real estate induced stroke doesn't appeal to you and the stock market's roller coaster ride gives you motion sickness, it's very likely that you as a health-conscious investor are sitting on a stash of cash collecting an anemic rate of interest.

  • Our competitive online savings rate is consistently among the top 5% of U.S. banks.* Balances of $10, 000 or more earn our highest rate, unlike some banks that lower their rates when your balance gets too high.
  • We don't require a large immediate deposit. We'll give you two months to try us out and build your balance – all the while earning our highest rate.

Internet Business Opportunity Don't worry, you are in good company. Even investment legend Warren Buffet is having problems finding fruitful investments. Buffet admitted in Berkshire Hathaway's annual letter to shareholders to having ended 2004 with $43 billion in cash equivalents and couldn't promise much success in utilizing the money in 2005.

Savings remain accessible but when cash is withdrawn, so the amount on which interest is payable will increase. This can mean that effectively savings can earn significantly higher rates of interest than if left in a traditional savings account. Standard variable interest rates may be a couple of per cent above savings rates. Income tax is also normally payable on savings interest however this does not apply to savings made on the mortgage. For a higher rate taxpayer offsetting savings against a 6% mortgage product is equivalent to earning 10% on savings.

Free Money If Buffet doesn't know what to do with his billions, you are probably thinking that you have no chance of finding a great place to put your billions either. Ok, your trillions. I didn't mean to belittle your nest egg.

Savings and Investment Products Before opening a savings or investment account with a bank or other financial institution, find out whether the account is insured by the federal government (FDIC or NCUA). An increasing number of products offered by these institutions, including mutual stock funds and annuities, are not insured. To earn the highest return on savings (annual percentage yield) with little or no risk, consider certificates of deposit (CDs) and treasury bills or notes.

Work At Home Business Where can you stick your cash while you wait for better investment times?

    For this reason they will give better facilities to customers who have higher rates of credit worthiness

  • Most banks are anxious to promote business and employment, and, for this purpose, they have business management units staffed by those who understand the needs of business
  • Loans are given out to viable businesses, if they provide an adequate business plan and realistic business projections
  • The banks conduct reviews of business performance from time to time in order to ensure that the money they have invested is safe
  • The principal competitors of the banks are building societies, credit unions, insurance companies, and various other lending agencies
  • In future years all banks will compete on an equal footing.

Free Online Affiliate Program How about online? Yes, I know Internet stocks stole your money in 2000, but Internet banks are giving it back in 2005.

No Internet Banking ! (This lets you access and manage your Account account online) Internet Banking Allows you to manage you account online. No Branch Banking ! Most account have this, this account does not! (Traditional banking done at a branch) No Phone Banking ! (Access and manage your Account using a phone) Earn easyBucks Successfully apply for this product online and earn the number of easyBucks specified.

Auction Coin Money Paper Unlike the Internet gold rush of the 1990's where web businesses were run by high school students, many of today's Internet banks are simply online divisions of safe and time tested brick-and-mortar banking institutions.

Franchise Business Opportunity Take ING Direct for example. ING Direct is the online division of ING Group, a Dutch based financial institution which is among the top 15 largest in the world. ING Direct opened its Internet doors five years ago and currently has approximately $29 billion in deposits. That would make it the "YAHOO!" of online banks.

Best Free Online Affiliate But another online bank may actually make you yodel, "yahooo" after you glance at their annual percentage yield. Internet bank Emigrant Direct offers 3.50% APY on its savings accounts. What does your big commercial bank give you? 0.50%? At that rate, you're not earning enough to beat inflation. Maybe it's time you joined the Internet age?

Blogging Money Thebillivard Emigrant Direct is the online division for New York's Emigrant Savings Bank. Although a relative newcomer to the online banking scene, when it seems like interest rates are leaden with lead, Emigrant Direct is usually the first to raise them. At this point, brick-and-mortar banks would need to raise their rates quite a bit just to catch up with Emigrant.

Best Home Based Business So if you find yourself not enjoying the lazy interest rates of summer, you may want to log on to the net and see how an Internet bank account may boost your return this year. The interest rate you get may just burn as hot as the heat wave hitting most of America.

Affiliate Marketing Program Jon Galanty is a financial writer for eMoneyCentral.com. Visit http://www.emoneycentral.com to find out more about online banking and to get other great money tips.

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