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Money Market Savings

Posted on June 1, 2010.
Money Market SavingsWhat is the best in the market for control of the money savings accounts / interest of the highest yield?

I currently bank at Bank of America. I am disappointed with their low interest rates and think about moving to a brokerage firm or a company that manages mutual funds and control of savings accounts and retirement funds. Can anyone recommend one that gives a decent rate of return at little cost? I am also thinking of possibly linking a savings of 5% Capital One money market account to my existing accounts. Is it logical to do so?

I looked at ING Direct and CapitalOne HSBC online account. I'm going with because I have a CapitalOne credit card company with them and love their service so I'm looking to build a deeper relationship with them.

Further 5.5% in the U.S. is difficult in these types of accounts, but at least it's better than most banks give sustenance.

Check http://www.bankrate.com for rate comparisons and all the little and good luck.

The banks are coming up with promotion rates continuously, it is difficult to say. ING has always tended to be very competitive.

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