How to Find the Top High Yield Safe Investments

By Lenny Larsin

Are you interested in finding a better savings account for your money? A lot of savings accounts give terrible interest rates. Most are way below the inflation rate, meaning that your money is decreasing in value as long as it is sitting there in your savings account.

If you want to earn a higher rate of return on your money, then opening a high yield safe investment account might be a good option for you. High yield safe investments give much better rates than an ordinary savings account. Some go as high as 6%.

A high yield safe investment account is fairly similar in usage to an ordinary savings account. The main difference is that there is no store that you can go to when you use a high yield online savings account.

All transactions are done online in a high yield online savings account. This is one of the ways the bank keeps its costs down and thereby giving you a much higher interest rate.

To search for and open a high yield safe investment account, go to a personal finance site where it will help you compare all of the high yield safe investments. You can choose high yield safe investments based on preferences you want.

To find high yield safe investments with the best rate, just sort the list according to APY. The highest yield safe investment account will be at the top. Be sure you understand all the fees involved, if there are any.

Check out the FDIC website and ensure that the high yield safe investment account is FDIC insured. The FDIC insures your deposit so in case the bank fails the FDIC will pay back to you your deposit. If the high yield safe investment account is not FDIC insured then do not sign up.

Once you have made sure that the high yield safe investment account is FDIC insured, go to that banks website and sign up for the account. They will probably want to check your credit and verify some information. Then you will need to set up a funding account. This can be your current checking account or another savings account that you already have. Transfer the money into your high yield safe investment account and you are set. - 23208

About the Author:

Lenny Larsin is a banking expert and has worked for a large bank for over 10 years. For more information on high yield investment please check out his website.