Most established banks to dump $ into high interest saving acct?

4 Replies

What are some of the most established or reliable banks out there to put money into a higher interest yielding savings account?  Not necessarily looking for a CD that locks up money for 24/36 months, but rather a fluid account that yields better interest than a standard money market that gets 0.02% interest.  What are the fees, penalties, or other main factors to consider with these accounts?  Thanks!

Another thing to keep in mind is, depending on your tax bracket, you may better off putting the money into non-taxed municipal money market funds. They will often have a higher tax equivalent yield than a taxable savings or money market.

Bob, I was going to suggest the exact same thing.  I would place it into a muni MF.  Even better would be a muni ETF as long as its paying its coupons.  triple tax exempt in most circumstances.

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