High Yield Savings Account – Interest Rates from National Banks Ally Bank, Wells Fargo and Bank of America
Posted on | September 28, 2010 | No Comments
When it comes to saving money and building wealth many Americans have decided to open a high-yield savings account over the last several years. With interest rates at remotely attractive levels they might be a wise decision to sink some investment money into a high yield savings or checking account. Interest rates from national banks such as Ally Bank, Wells Fargo and Bank of America can be attractive but it would be wise to research local community banks before making any final decisions.
It is generally the case that local community banks are looking to build capital and they’re willing to offer very attractive interest rates when it comes to savings or checking account. In fact, some local community banks are willing to offer interest rates as high as 5% on the checking account if certain requirements are met.
If looking to apply for a local community bank checking account with a high interest rate you must have residency in a specific area or county. By not having residency in a specific area it will likely be the case that most local community banks will not allow an application to be submitted. This is very important when starting research on a high yield savings account in September of 2010.
Author: Heather Best
Tags: ally bank checking rates > bank of america checking rates > checking account rates > high yield checking > high yield savings > national bank checking rates > savings account rates > wells fargo checking rates
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