Where to Park Your Cash in 2008
Monday, December 31st, 2007
Every time Fed lowers the interest rate, there will be a quick round of rate adjustment by all online banks. Now that the Fed rate is standing at 4.25% after four rounds of quarter-point cuts, those golden days of 5%+ interest rate on savings accounts are over. So, how should find good places to park one’s cash? Here is a list of recommendations:
Online Money Market/Savings Accounts:
By and large, online savings accounts and money market accounts still offer some of the highest interest rates, and the utmost liquidity and security (all are FDIC insured). Some currently available offers: