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Sunday, 18 February 2007 |
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This great online banking company wins my award for BEST ONLINE BANK! Why? It's simple - they have the highest interest payout rates!
Lately, online banks have grown in popularity simply because of their ability to pay out a much higher interest rate on their savings accounts. In fact, their savings accounts off have interest rates easily 3 to 10 times better than regular banks like Bank of America/Washington Mutual/Wells Fargo/etc.
How are they able to do that? Easy, they are simply an online bank...no brick and mortar building. No costly employees and building costs to pay. Their rates are more quick to respond to the national rates of federal banks and it shows in their higher payouts.
The two biggest competing online banks that I know of today, are Emigrant and INGDirect. For those of you who swear by ING-Direct. THEY ARE FULL OF HYPE! Their marketing schemes with limited time offers and always increasing rates makes them seem like the best deal around.
The TRUTH: Emigrant has pretty much always had a consistently better rate. Forget the hype and fancy marketing that leads to ING-Direct. Emigrant has ALWAYS paid out more. Don't believe me? See it for yourself. Yes they are insured and yes they are an official bank and this is not a scam. It's very easy to setup and you fund the account by setting up your already existing checking account with it. It is VERY EASY and any monkey can do it. Start making money now without locking yourself into lower-paying CD's from brick & mortar banks!
www.INGDIRECT.com
www.emigrantdirect.com
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