High Yield Money Market Savings

I plan to open a bank Istead a regular savings account with American high fees.

I do not play with the money markets but for the moment with two E-commerce or ING Orange savings account, you'll 5,05%. FDIC insured up to 100k. Should keep his head above the heart of inflation.

This is a savings account that offers higher interest rates than a normal. It generally has more restrictions than a regular savings account, usually limit the number of withdrawals you can take a month without paying a penalty or additional fees. They also often have a higher minimum balance. If you have money you want to sit economies is a good idea.

These are the same as normal banks with few exceptions. They pay a higher interest rate and they do not have many local branches (normally a major center of business) so that you do all your banking online.

They are FDIC insured, so they are as safe as your local bank.

Good luck