The following savings accounts are available to everyone. Make sure to read their terms and conditions in order to get the high rate. Find the best bank rate available nationwide!
 American Express® Premier Rewards Gold Card offers 25,000 membership rewards® points for spending $2,000 within the first 3 months. The 25,000 bonus membership rewards points can be redeemed for $250 gift cards of your choice. You'll also earn 15K points after you spend $30,000 within one calendar year. Cardholders earn fast with 3X points for flights booked with airlines, 2X points at US gas stations and US supermarkets, 1X points on other purchases. You can use points for gift cards for dining, entertainment, and to shop over 300 of some of your favorite brands. Full Review |
With the ever declining interest rate in today’s market, the rewards checking account is another option to earn higher rate for your hard earned money of up to $50K. They offer customers a high yield typically up to $25K for meeting certain monthly requirements. They include 10 debit purchases, direct deposit/ACH transfer, and sign up for e-statements. Click on the details for each bank to see all requirements.
 Discover it® for Students offers $20 Cash Back Bonus after your first purchase. One of the most popular student credit cards, it lets you earn 5% cash rebates on rotating categories of purchases, and up to 20% cash back on purchases in Discover’s online mall. Enjoy great benefits such as purchase protection, extended product warranty, return protection, and $0 fraud liability guarantee. If you are in college, this is a great card to build credit, earn cash back, and pay no annual fee. Discover It for Students Review |
 Gold Delta SkyMiles® Business Credit Card from American Express offers 30,000 bonus miles after $500 in purchases on the card - valued at $300 in travel credit, that's enough for a round-trip ticket. With no limit to the number of miles you can earn, these can be redeemed for flights without seat restrictions and blackout dates. Enjoy extra perks such as free first bag check-in, priority Boarding, and 20% In-Flight Savings in the form of a statement credit on eligible purchases. Best of all, receive all of this for a $0 introductory annual fee for the first year. Full Review |
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{ 4 comments… read them below or add one }
Low interest rates is a punishment for people who save money. People who took huge loan and bought houses they could not afford are now taking a free ride by going foreclosed and not paying mortgage’s/rent worth years, while the people who lived within their means, cut corners and saved are being punished by not getting their moneys worth and paying the hidden tax of low interest rates, their savings are being systematically raped by low interest rates.
Unfortunately, you are collateral damage. The alternative to low interest rates would have been a deeper and longer recession with more unemployment and a greater drop in incomes. Saving is a vital part to any economy, because it spurs investment, (you can’t eat the dollars you save) but letting interest rates spike due to a monetary contraction caused by a banking crisis is the road to disaster. (1929 all over again) To my mind however, the zero risk securities were yielding a lot for many years during the great moderation. The two year note was paying five percent. In this environment you have to actually take on risk to get a nice yield. Many blue chips have a nice dividend with some reasonable chance for capital appreciation. If you are after fixed income, but with a higher yield (and more risk), try emerging market sovereign debt, or high yield corporate bonds (aka “junk bonds”)… There are tons of ETFs and mutual funds out there…. If you simply have a high aversion to risk, try to ride it out for a few years until economic conditions allow the FED to unwind its balance sheet and return to normal monetary policy. Furthermore, be thankful that this whole mess is temporary and there is light at the end of the tunnel. Japan suffered from deflation for years and has basically had to keep its policy rate at zero since 1990! Hopefully, we were be able to tighten monetary policy by late 2014 as the FED has already communicated.
what is the best rate of IRA account today
I highly recommend smartypig. I am able to make multiple accounts and direct deposit part of my paycheck there and create new accounts easily to segregate goals. Great rate too, can’t say much about the other banks though. I should look into getting a better rate if it’s available for no fee.