High Interest Rates to Fix Our Mess

What a breath of fresh air to read someone who gets it.

In a recent article on cnnmoney.com, Sheila Bair states it correctly that the time has come for us to raise interest rates.  Savers are being hurt, our money is being devalued via inflation and people are ending up in a bigger debt hole.  In addition, as inflation rises, wages are not keeping up with this rise.

An article worth the read.  Very well done!

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?