Savings

A savings account is just smart. Saving for a rainy day, because it is going to rain. Something is going to come up, and you are going to need extra money. Lately it seems that many people are not saving, not preparing for those days when the car is going to need repairs, or something else comes up that needs money. Many are using credit cards for those emergencies, which only puts them further into debt.

Right now, the bulk of my savings is in ING Direct, they have a pretty good interest rate, and offer easy transfers.

There are many online banks that offer good rates and are FDIC insured. AmTrust has the best interest rate so far, I am contemplating moving my savings to them. Although I have been with ING for a long time, so I may stay with them, unless their rates go down farther.