Maximizing Your Liquid Savings

Money Circle

English - August 26, 2019 09:00 - 10 minutes - 9.16 MB - ★★★★★ - 28 ratings
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The things you want to consider when choosing an online bank:

Interest rates - make sure they are offering high-yield savings accounts
Fees - make sure you aren’t paying any monthly maintenance fees
Minimum balance requirements - make sure that the bank doesn’t require you to either deposit or maintain a certain balance
Mobile accessibility - make sure the bank has a good online portal that allows you to easily access your money
ATM fee reimbursement - since online banks are only online, that means that they typically don’t have any of their own ATMs for you to withdraw money from. Make sure that they offer monthly reimbursement for any ATM fees you’ve paid when withdrawing money.

There are lots of online banks out there these days. Here are just a few to start with:

Ally Bank
Synchrony Bank
Barclays
American Express

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To learn more about Maggie and her coaching and speaking services, visit www.maggiegermano.com.

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The theme music is called Escaping Light by Aaron Sprinkle. The podcast artwork design is by Maggie's dear husband, Dan Rader.