Online savings account

Posted by Apex
March 17, 2007

Do you know that you can open an online savings accounts? For those who never heard of online savings account, online savings account is a savings account managed and funded exclusively on the Internet.

Online savings accounts are often characterized by high yields, which far surpass those of traditional savings accounts. By eliminating paperwork and reducing overhead costs, banks are able to pass the savings onto the customer by offering an annual yield that, in some cases, exceeds 5%.

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