Posted July 9, 2013 at 1:16 pm
By, M4 Research
As you know, savers have taken it on the chin for years, with banks paying almost nothing on savings accounts while they happily ding you with big fees.
A decade ago you could open a savings account at just about any bank and get a decent interest rate without a hitch, but not anymore.
Current interest rates for savings accounts are absolutely dismal compared to the pre-2008 days when they were yielding as much as 4%, vs. the measly 0.1% you get today.
At 0.1% a year, you’re earning just $1 for every $1,000 saved, which is downright ridiculous.
Online-only banks like ING, Ally, and HSBC have lower expenses, which allow them to offer higher interest rates up to 1%.
And while that’s certainly better than what you’ll get at your local bank branch, we found one innovative company where you can open an online savings account with as little as $1 and get up to 6.00% APY.
That’s over 40x the industry average!
It’s the highest-yielding FDIC-insured savings account we’ve found… which offers you stellar inflation-beating interest rates with virtually zero downside risk.
You’ll be earning 6.00% APY on your savings and essentially making money every month for just parking it there.
This is just one example of the dozens of money-growing gems and hidden resources we reveal to our members via The Wealth Vault. We share resources that you won’t find in the mainstream media, and the public at large simply doesn’t even know exist.