Highest Interest Savings

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.

If you are trying to cover all of the highest interest savings banks, the HSBC high interest savings account has to be on your short list.  HSBC online banking offers one of the best high interest savings accounts. This article is a HSBC savings account review.

We started with the ING Direct high interest savings account, but knew that the second online savings account to be reviewed should be the HSBC savings account.  The HSBC online savings account is one of the best high yield savings accounts and is worthy of being the second online savings account to be review.

The HSBC high internet savings account currently has an interest rate of 3.50%.  This is .50% higher than the ING direct orange savings account which is offering a 3.00% APY.  This 3.50% APY is one of the highest interest savings rates in the United States and make HSBC one of the best online savings accounts.

Like the ING Direct high interest savings account, the HSBC online account only requires a $1 minimum deposit to open an account.  After the initial deposit, HSBC online banking requires no minimum balance to be maintained.  You can’t find a much cheaper way to open a high yield savings account.

I hope that you enjoyed this HSBC high interest savings account review.  Which online savings account do you prefer?  The HSBC online savings account or the ING Orange savings account?  Please share your thoughts in the comments below.

One of the highest interest savings accounts that we are going to review is the ING Direct high interest savings account. The ING Direct Orange savings account offers one of the highest interest rates of any online bank savings accounts. This article will provide a review of the ING Direct high interest savings account.

The ING Direct Savings Account is a great high interest savings account. In fact, I have an ING orange savings account. The ING Orange savings account has a variable annual percentage yield of 3.00%. At 3.00% this is one of the best savings accounts online. To learn more about the importance of compounding interest, read best rate saving.

One of the nice things about ING Direct is that it is FDIC insured. In today’s uncertain banking environment and mortgage crisis, you need an FDIC insured savings account. Let’s face it, 3.00% is not an acceptable rate of growth if you were investing in the stock market. So, if you are going to settle for 3% interest, make sure your savings account is FDIC insured.

The ING Direct high interest savings account is also a good option for people just starting out due to the fact that it has no minimum balance requirement. Anyone can open an ING Direct orange high interest savings account since it has no minimum balance requirement.

The ING Direct high interest savings account is great if you are searching for the highest interest savings. You definitely need to open a high yield savings account and ING Direct is a good option for any saver.

If you always invest in the best rate saving account, your money will make you even more money. Finding the highest interest savings, is our goal here. This article will explain the power of compounding interest and whey finding the best rate saving plan is so important.