We keep talking about how you should have a savings accounts for our emergency funds If you are banking with a traditional bank the average interest rate paid on a savings account is .006%.
No more, I want more bang for my buck. I have done some research on the subject. In this article I found that I have a couple of other choices rather than my brick and mortar bank. In this article and others like it they have listed just a couple of banks that I will be able to get more interest on my savings account.
Synchrony Bank pays a healthy 1.55% APY. There is no minimum balance requirement and no monthly fee. In fact, they don't even require a deposit to open an account! Synchrony is an online bank and even offers a ATM card with the account making it easier for deposits and withdrawals.
I don't know about you, but I am going to change the way I'm going to make Savingsense!
Share your thoughts, always look forward to hearing them.