I have some extra cash sitting in a low yield business checking account which I would like to link to a high yield checking/savings account. All the online offerings I’ve found in the US are ONLY for personal accounts. ING offers a ‘Business Optimizer’ account but this is only offered in Australia. See –> http://www.ingdirect.com.au/business/how.htm
Is there a similar product offered from ING or it’s competitors in the US?
Is there another financial services company that might offer something? I’ve looked at all the majors.
ING does not.
Here is what I found:
http://www.venture-bank.com/depositaccounts.htm#7
http://www.bankatlantic.com/businessCommercialBanking/businessSavingsMoneyMarketAccounts/highYieldBusinessSavings/default.aspx
https://www.huntington.com/bas/HNB2400.htm
ING Direct has a rate of 4.35 % with no fees or minimum balances.
Most regular banks are crap, less than 1 %, so stay away from them if you can.
I know ING Direct has 3.00% and Indymac has 3.85%, but is there one that is higher?
Best place to look for this type of info is
http://www.bankrate.com
More up-to-date and accurate than any of us can be.
I am college student who need mony for rent, books and personal things.
If it is in a high yielding savings account then your father doesn’t have it, the bank does. You will need the bank account to get it. So just what makes it YOUR money anyway?
I’m looking to open a savings account. I currently have one with wells fargo, which I think gives a pretty lousy interest rate. Are there any suggestions? US bank? Bank of America?
The Web site bankrate.com is highly-reputable and it keeps up-to-date information on the rates at different banks.
One of the best rates in the country right now is Ally Bank, which has 2% on its savings accounts, and you can set up accounts online. (If you want to go into a branch it all depends what banks are in your area — you can check that on bankrate too!)
Rates are low right now because the government lowered interest rates in response to the financial crisis. In a couple years they’ll raise rates again and the interest rate on savings accounts will improve. Until then, nobody is going to have that great of rates. Bankrate is a good site with lots of reliable information, and should have what you’re looking for…
Obviously you can write checks using a checking account, but other than that, why would you use a checking account over a savings account? And can you use a debit card with a saving account, or is that also only checking?
The lines are getting blurred, but make sure your savings account is LINKED to your checking account so that you won’t get overdraft fees when you use your debit card one time too often, or write one too many checks. (Banks make money by "fee harvesting.") Checks are used less often to pay bills now, but not everybody is set up to take credit/debit cards, and if you don’t have cash, what are you going to do? A checking account lets you pay bills online, as well. A savings account acts as a back-up … and a way to save money, in theory! 
I am starting a book publishing company. It’s small, no employees, just myself. I have 2 clients and plan to sell the books online. What’s the best bank to do business with, and the best biz checking account they offer, considering the small scale of business? Want one that does not have a high monthly fee or require a large daily balance, and preferably with a bank with locations nationwide. I am located in Washington, DC. Thanks.
The interesting thing about banks is they all have special promotions at different times. What you really want to have is one that will allow you to pay bills on-line without extra charges. One that allows you to have multiple deposits into your account and low charges for any bounced customer checks. You will also want to set up a separate savings account so you can transfer funds into it to pay your taxes and use for overdraft protection. This will keep you bank happy. I would look for one close to you business or home so you don’t have to go out of your way other than that most of them are pretty much the same. I use Wells Fargo. Hope this helps Good luck with your business.
Basically I have about 1,000 to invest and I was wanting to know the best way to invest it to make the highest profit with it?
HSBC Direct has the highest that I know of right now, at 4.8%. That is a promotional rate (no restrictions, unlike ING Direct) until sometime in May, but their base rate of 4.25% will probably rise by that time, and I expect it to remain among the highest available rates after the promotional period ends.
I should point out that ING Direct’s 4.75% is restricted in such a way that customers such as myself won’t be able to earn the 4.75%, and would be limited to the base rate of 3.8%. Be sure to read the fine print.
I live in CT. What online savings account is the best?
The best place to look for comparing savings, money markets, CDs, is
http://www.bankrate.com
I am 19 and in America and I want to open an account where my money will be growing and moving
If you want your money to be "growing and moving", then a savings account is not what you need. A good savings account may not even pay enough interest to guard against inflation.
What a savings account should be used for is to hold an emergency fund that can cover you for six to 8 months in the event you lose your source of income. (or even more, if you are more conservative). Such an account is generally secure and will probably not lose any purchasing power over such a short-time frame
Assuming you have such an emergency account you then need to take stock of what your investment goals are, what your risk tolerance is and what your time horizon is. From there you should invest in various diversified securities that best protect you.
Saving/Investing to buy a car would result in a different plan than saving for retirement in about 50 years.