Wednesday, May 9, 2012

Earn 1.25% Interest Today on Internet Savings Account

With interest rates  so horrendously low right now, this headline should have got your attention.  I cannot seem to find any savings accounts that are yielding more than .85% APY.  That is until I read a USA Today article today on 1.25% and 1.00% interest rates.  I am debating whether I should enroll in one or both of these accounts to add a few more dollars to my monthly interest earnings.

Here are the two banks:

1.25% - TIAA Direct

1.00% - BarClays

What should I do?  Would you take the time to add .15% or .45% more yield to your regular savings accounts?

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