Make Free Money on Your Savings!!

Let's talk about Bank Accounts. Most of you have probably have a savings account that pulls in less than 1% interest. Why bother?

Nowadays there are quite a few HYS (High-Yield Savings accounts) available that pay a respectable interest rate.

My favorite is the Money Market Savings Account which offers a 4.5% APY. That is many times over what a traditional savings account pays out.

The account also comes with the following features:

• Free ACH transfer system that allows you to connect the Money Market Savings Account to your current bank. This makes for easy online money transfers to and from the account
  
• ATM card with refunds for up to four non–GMAC Bank ATM charges per month. This means you can use the ATM card at any ATM up to four times without ANY ATM fees! For travelers this is a must have!
  
• Check writing priveliges
  

I have had this account for over 2 years now and have no complaints. The big benefit is the high interest rate and the quick access to your money via the ATM card or checks. Plus if you currently pay ATM fees when you take out money at ATMs, then this account already pays for itself with the four ATM rebates.This account is definetly worth a look to start making money off your own money!

What you need to do: Open a Money Market Savings Account
Obligation: None
Initial Reward (if any): 4.5% interest rate on any money in the account
Money to get started: $500 is the minimum balance to avoid fees
Things to Note: Since this is a savings account, only 6 withdrawls per month are allowed to avoid fees. 4 ATM rebates per month. 3 checks allowed per month