Internet Banks
Thursday, May 22nd, 2008Bank of America stinks, just so you know. I’ve been using them for years just because they have ATMs all over town, but now I’m checking out internet savings accounts. There are much better deals to be had there. I’m particularly fed up with earning .5% interest for the privilege of lending my money to the bank. Enough is enough. Especially in light of the sorts of rates the same banks charge you when they lend you money. Check out Ing Direct Orange Savings Accounts for example. Their rates are way higher than anything you can get at the big corporate banks. And banking online is easier than dealing with lines at tellers anyway. Who cares if the big banks have more ATMs when they will refund your ATM fees from any other Bank? Now I can use any ATM in town. You might want to look into the benefits of online banking yourself.