Highest Interest Savings

Univest Bank is a little-known online bank that offers a full suite of personal and business banking services. Univest Bank savings offerings specialize in high-yield accounts. We here at HighestInterestSavings.com thought it was definitely in our reader’s interest that we look into what Univest Bank has to offer right now.

The Univest Bank savings account is called the Univest Anytime Online Savings and it offers an annual percentage yield (APY) of 1.5% currently. That’s definitely a high-interest online savings account. The account can be opened for as little as a dollar (no minimum balance requirements) and carries no monthly service fees.

In fact, ATM cards are also free and can be used at any bank’s ATM for free. This online savings account also offers free funds transfers, phone banking, and more. The Univest Anytime Online Savings account is definitely worth the time to look into. Current Univest savings customers can convert their accounts to a Univest Anytime Online Savings account free of charge.

Other offerings from Univest Bank include no minimum balance checking without fees and a 0.40% APY. Rewards Checking from Univest Bank has scaled interest yields based on deposit amounts. There are also money market and CD accounts, and even individual retirement accounts (IRA) available at Univest Bank. In fact, there’s a lot of services to choose from at Univest Bank besides the Univest Anytime Online Savings accounts, so it’s worth looking into, we guarantee. All Univest Bank accounts are FDIC insured to the fullest extent of the law.

Online investing companies are branching out into banking, it appears, with E-Trade—one of the Internet’s most popular investing websites—now offering E-Trade banking services. This allows anyone who uses E-Trade investing to also have E-Trade Bank accounts for gaining interest on their money while waiting for new investments to lock into. We here at HighestInterestSavings.com thought we should definitely look into this.

E-Trade banking offers savings, checking, and CD investments. The E-Trade savings account was of most interest to us, of course, so we looked into that first.

E-Trade’s online savings account has no minimum deposits and no fees attached wile offering an almost undheard of 1.95% annual percentage yield (APY). Transfers to and from any institution into or out of your E-Trade savings account are free as well. That rate, by the way, is half a point higher than the E-Trade banking CD.

E-Trade Bank CD rates come up to 1.4% APY with a 5-year CD, going down to 0.60% APY for a 3 month term. Unlike the online savings account, of course, those are fixed rates.

Finally, the E-Trade Bank checking account offers a 0.75% interest rate on balances over $5,000 and some other great options for those who need online checking. Including free, unlimited online bill payments and no ATM fees at any ATM anywhere.

The E-Trade savings account is definitely worth a look for our readers here at HighestInterestSavings.com. All E-Trade Bank accounts are FDIC insured, of course, and are also covered under E-Trade’s Complete Protection Guarantee.

Most people have heard of E-Loan Bank for home mortgages and refinance loans, but may not be aware that they’ve just announced that they’re an offering online savings account and an E-Loan Bank CD (certificate of deposit) now too. So we here at HighestInterestSavings.com thought we’d better take a look and let you know what is going on over at E-Loan Bank.

The E-Loan savings account has interest rate yields of up to 2.00% APY. These online savings account offers start at a minimum deposit of $5,000 and yield from 1.21% to 2.00% APY when they grow over $100,000. That’s a pretty decent payoff from this E-Loan savings account.

In fact, that E-Loan Bank online savings account seems to beat ou the E-Loan Bank CD rates for shorter-term certificates. For the longer term (past 18 months), certificates with a minimum of $10,000 can earn 1.95% or greater APY with 6-year CDs gaining an unusually high 3.15% APY.

For the shorter term or for easier access to your money, the E-Loan savings account is probably the better choice for most people, but you’ll have to decide for yourself which would be better for your circumstance.

E-Loan Bank is a five-time consecutive winner of the Keynote WebExcellence #1 pick. They were also awarded the TRUSTe Top 20 Award for online privacy in the United States. All E-Loan Bank accounts are FDIC insured, of course.

We feel it’s definitely worth your time to look at an E-Loan savings account or an E-Loan Bank CD. Their offers are very competitive.

HSBC Online Savings has announced a pretty big HSBC Direct online savings account. We here at HighestInterestSavings.com thought we should look it over so we can get you the latest information on it.

The new account yields a huge 1.85% annual percentage (APY), which is one of the highest savings rates in the country right now. This makes this HSBC Direct Savings account definitely one worth considering.

With no monthly fees or balance minimums, this offering from HSBC Direct doesn’t require an HSBC checking account either. You can manage the account from the HSBC Online Savings site and use any HSBC ATM in the country to access funds or make transfers.

If you’re looking for a high-yield savings account for saving money, this HSBC Direct Savings to be the one you’re looking for. That 1.85% APY is very tempting. The Wall Street Journal recently talked about these accounts and had nothing but good things to say. If you’ve already got an HSBC Direct checking account, you can link that to your HSBC Online Savings account and make automatic deposits and other savings tools easy.

HSBC is FDIC insured, of course, and this great account offer is likely to only be available for a limited time, so be sure to check the HSBC Online Savings website to be sure you can get in on this one. We thing it’s definitely worth your time to look it over as it’s one of the better online savings account offerings we’ve seen lately. You might find it to be that too.

The competition within the online banking industry is heating up.  Venture Bank has just launched a new online savings account called the Venture Bank Direct savings account.  Since this is a new highest interest savings program, we thought that we would provide a review of Venture Bank Direct.

Wise-Choice Savings Account :

Venture Bank Direct has named their savings account the Wise-Choice Savings Account or the Wise-Choice High Yield Savings Accounts.  This account requires no minimum balance and is currently paying a high interest savings rate of 3.30%.  While the venturebankdirect.com savings rate is not as high as the WaMu high interest savings account, hopefully its rates will increase as it becomes more popular.

Venture Bank was established in 1979 in the State of Washington.   The Venture Bank Direct Savings Account is FDIC insured.  I would never put my savings in a savings account that was not FDIC insured.  Why earn the low interest if you are not going to get the insurance protection of FDIC insurance.

The Venture Bank Direct online banking website seems to provide a great user experience.  You can check your account balances 24 hours a day.  Additionally, you can integrate it into your Quicken or MS Money software which is nice.

I am not sure if the Venture Bank Direct Savings Account will ever be the highest interest savings, but I am hopeful.  The more competition that exists in the online banking space the better for consumers.  We will keep you up to date on news regarding Venture Bank Direct.

Venture Bank is based in Washington State. It has been FDIC insured since 1979 (FDIC Certificate # 22868). This can be confirmed at this FDIC page. Note, only the main bank’s URL is listed (venture-bank.com). I’ve contacted Venture Bank by using the contact information at this URL, and I’ve confirmed that venturebankdirect.com is operated by Venture Bank. The bank has $1.2 billion in assets and $917 million in deposits based on 6/30/08 data. The bank has a 2-star rating (below peer group) at Bankrate.com and a 3.5 star rating (good) at BauerFinancial based on 3/31/08 data.

The holding company of Emigrant Direct, New York Private Bank & Trust, has launched a new savings account that is to have the highest interest savings rates.  This new savings account can be found at dollarsavingsdirect.com and is called the Dollar Savings Account.

The Dollar Savings Account offers a 3.75% interest rate when you maintain a minimum balance of $1,000.  This 3.75% interest rate makes DollarSavingsDirect.com one of the highest interest savings accounts in the United States.  However, you have to maintain a minimum balance of at least $1,000.  If your minimum balance falls below $1,000, you will only earn 1.00% interest.

Here at Highest Interest Savings we scour the Internet to find you the best interest rate savings accounts online.  This Dollar Savings Direct savings account interest rate is higher than the previously reviewed WTDirect savings account, WaMu high interest savings account, HSBC high interest savings account, and ING Direct high interest savings account.  I hope that this Dollar Savings Account puts pressure on Washington Mutual, WTDirect, HSBC and ING Direct to raise the interest rates on their high interest savings accounts.

Do you know of a higher interest savings account than this DollarSavingsDirect.com highest interest savings account?  If so please share it with us in the comments below.

Moolanomy has written a great article about Retirement Savings versus Student Loans.  If you are like many people in their twenties and thirties, you struggle with your desire for paying down student loan debt versus your desire to save money for retirement.  Moolanomy has done a great job in discussing the advantages and disadvantages of both.

Deciding whether you should be paying down student loan debt or saving for retirement is never an easy decision.  And, each person must make there own decision based upon their life goals.  Here are some of the areas that you need to consider.

1. 401(k) employer matching programs - If your employer has a 401(k) matching program, I definitely recommend maxing out your 401(k) up to the amount your employer is will to match.  Having your employer match your savings gives you a 100% immediate return on your investment.
2. Interest rates vs return on investment - Any time you are deciding whether to pay off debt or invest you need to compare the interest rate on your student loans  versus your expected return on investment.  If your student loan interest rate is higher than your expected return on investment, then it is a no brainer to pay off your student loan debt.
3. Emotions regarding having debt - Let’s face it, some people mind having debt more than others.  If you hate the idea of owing money and this debt is affecting your quality of life, you must consider this factor as part of your decision.
4. Pay yourself first - I know that the “pay yourself first” statement has become pretty cliche, but as with all cliches, it is a pretty darn good principle to live by.  If you save money, that money is all yours.  You can keep paying down your student loan debt by paying the minimums and know that in XX number of years it will be paid off and you will have retirement savings because you paid yourself first.

These are just some of the things I have thought about in my own struggle between paying down student loan debt versus saving for retirement.  Here at highest interest savings, we would love for you to leave your thought in the comments.  What factors do you consider?

This Capital One online savings account review will provide an overview of the Capital One high interest savings account. Highest Interest Savings is dedicated to scouring the Internet to find you the highest interest savings accounts currently being offered. Will the Capital One savings account be one of the highest interest rate savings accounts?

If you are just looking for the highest interest rate savings account, the Capital One online savings account interest rate may not excite you. If you have less than $10,000 to deposit into a savings account, the Capital One account only pays an interest rate of 2.47% with and APY of 2.50%. This 2.50% APY is much lower than the WaMu high interest savings account which is currently offering an APY of 3.75%.

However, Capital One is still a major player in the online banking scene. I am sure that everyone has seen the Capital One credit card commercials. So if you already do your online banking with Capital One, you might want to look into opening a Capital One high interest savings account.

We hope that you found this Capital One online savings account review informative. If you are currently a Capital One customer, please share your thoughts about the Capital One savings account, the Capital One customer service or anything else you would like to tell us about your experience.

The WaMu high interest savings account now offers a 3.75% interest rate.  Prior to this latest increase, the Washington Mutual online savings account had an APY of 3.30%.  This new 3.75% APY now makes this WaMu savings account one of the highest interest savings options being offered.

In order to get this high interest rate saving account, Washington Mutual does require that you also open a Washington Mutual free checking account.  We here at highest interest savings think that this is still a great option if you are looking for a high yield savings account.

The WaMu online banking website is a great tool for people doing their banking on the Internet.  This is one of the best features of opening a Washington Mutual high interest savings account.  Washington Mutual has focused a lot of its efforts in developing its online banking tools and the wamu.com site really is great.

This high yield savings account offers one of the highest savings rates in the United States.  The 3.75% APY might be the highest interest savings account in the U.S. right now being offered by the major online banks.

This Washington Mutual savings account is also FDIC insured so this should give you some comfort that your money is insured.  I would not recommend opening a high yield savings account with any Internet bank that is not FDIC insured.

If you are looking for the highest interest savings, you should check out the wamu high interest savings account.  If you have any questions about Washington Mutual savings accounts or washington mutual online banking, please leave your questions in a comment below.

If you like this article on Washington Mutual high interest savings accounts, you might also like this article on the HSBC high interest savings account.