Best Place To Store Cash

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CNNMoney has a great article on the best place to put your short term funds. They discuss the merits and drawbacks of savings accounts, money market accounts and CDs for those of you who aren’t familiar with the differences. Personally, I deposit my cash with Emigrant Direct, get my 3.5% interest and can relax knowing I have the flexibility to withdraw and deposit at will (not possible with CDs and limited ability with money market accounts). Now, if you’re not comfortable with online banking then perhaps you’ll find a good alternative in their article.

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3 Responses to “Best Place To Store Cash”

  1. I was thinking about the Emigrand Direct account for my short term savings. How does deposits and withdrawls work? Do they have special ATM’s that you can use? Do they waive fees?

  2. jim says:

    It’s entirely online so you link another bank account to it in order to do deposits and withdrawals. You get no ATM card so no ATMs and there aren’t any fees.

  3. guest says:

    presidential online bank pays $3.75 percent on a checking account with a minimum balance of $1500. best deal around, i think.

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