Your savings can earn upwards of 4 more percentage points of interest, if you put it one of these high-yield online savings accounts. Here’s seven to check out.
Note that under federal law, many online savings accounts may limit you to 6 withdrawals max. So don’t give up the brick and mortar yet. Instead, the “old-skool” bank for your day-to-day transactions, and an online savings account as your long-term piggy-bank.
UPDATE: Reader bosco says,
I think you should make a note that the 6 maximum withdrawals are on a monthly basis and only apply to electronic withrdrawals (an online transfer) but if the bank gives you a check payable to you or you use an ATM, those do not count.