If you want “Savings Bank Ratings”, you’ve come to the right place. What’s the best one? Here’s an unbiased review to help you find out.
This company has one of the better savings accounts around. Here are the features:
Their accounts consistently has among the top rates around-nobody will dispute that.
Because of their low “overhead” expenses. HSBC is not an “internet” bank per se-they do have physical branches-but they have far fewer locations than most other large chains.
This helps them to minimize building expenses-and for this reason they can afford to offer better deals than the other national banks. This is one of the most important things to look for in any savings bank ratings.
No–this is another benefit that separates from the pack.
All it takes to open an account is one measly dollar. You can’t beat that.
Opening an account is quite simple, and it doesn’t take very long-unlike some chains where it can literally take days.
Their customer service is adequate-but it’s nothing to write home about. It’s pretty much “middle of the road” when compared with most others.
This is the other one we will take a brief look at. This company operates ENTIRELY on the internet-they have no physical locations at all.
Because they are “online only” they are famous for their extremely high interest rates-this is probably the best “holding spot” for your money in between investments.
Like HSBC it’s just $1 to open an account with them… and they also don’t hit you with any month fees either.
One little glitz is that if you make a lot of online transactions, it’s hard because they actually stop your account for 2-3 days every time you do something online that alters your account. This is done for security measures obviously, but it can be a pain.