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Old 12-31-2012, 10:23 PM  
The Bad Guy The Bad Guy is offline
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Best High Interest Savings Acct?

My son is 3 years old. He already has over 5,000 in the bank. I just have him in a traditional savings account right now, but I wanted to start gaining more interest for the account.

What's the best account option right now?

He made a whopping 2.38 on the account this year.

Thanks in advance for any help.
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Old 12-31-2012, 10:24 PM   #2
Guru Guru is offline
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Old 12-31-2012, 10:27 PM   #3
HoneyBadger HoneyBadger is offline
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Might wanna start investing in guns and ammo. Should yield a high return.
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Old 12-31-2012, 10:29 PM   #4
Fat Elvis Fat Elvis is offline
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High Interest and Savings Account are currently mutually exclusive terms.
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Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.Fat Elvis 's phone was tapped by Scott Pioli.
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Old 12-31-2012, 10:30 PM   #5
siberian khatru siberian khatru is offline
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Quote:
Originally Posted by Fat Elvis View Post
High Interest and Savings Account are currently mutually exclusive terms.
Thanks, Ben Bernanke!
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Old 12-31-2012, 10:31 PM   #6
DaFace DaFace is offline
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ING isn't bad, but it still sucks. Maybe a CD?
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Old 12-31-2012, 10:32 PM   #7
HoneyBadger HoneyBadger is offline
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Maybe a CD?
No one buys CDs anymore. I'd avoid them.
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HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.HoneyBadger would the whole thing.
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Old 12-31-2012, 10:33 PM   #8
siberian khatru siberian khatru is offline
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No one buys CDs anymore. I'd avoid them.
Yep, most people download music today.
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siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.siberian khatru has enough rep power to blowy ou to bits.
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Old 12-31-2012, 10:36 PM   #9
TribalElder TribalElder is offline
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Old 12-31-2012, 10:47 PM   #10
Kyle DeLexus Kyle DeLexus is offline
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CD rates are garbage right now. The best savings account interest rate I know about is smartypig.com at 1%. That's only slightly lower than most High Interest Checking accounts at the moment and you don't have to meet any requirements that I know of.
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Old 12-31-2012, 10:58 PM   #11
ragedogg69 ragedogg69 is offline
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ill just leave this here:

http://www.fatwallet.com/forums/finance/1234357/
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Old 12-31-2012, 11:37 PM   #12
jspchief jspchief is offline
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Originally Posted by Kyle DeLexus View Post
CD rates are garbage right now. The best savings account interest rate I know about is smartypig.com at 1%. That's only slightly lower than most High Interest Checking accounts at the moment and you don't have to meet any requirements that I know of.
Smartypig.com

Sounds like a place to entrust your money.
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Old 12-31-2012, 11:43 PM   #13
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Old 12-31-2012, 11:49 PM   #14
CoMoChief CoMoChief is offline
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Invest in gold/silver and commodities.

You'll be sorry if you just let it sit in a damn bank account and collect interest. The money collapse WILL come, it's now if, it's a matter of when.
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Old 01-01-2013, 12:19 AM   #15
cosmo20002 cosmo20002 is offline
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Quote:
Originally Posted by The Bad Guy View Post
My son is 3 years old. He already has over 5,000 in the bank. I just have him in a traditional savings account right now, but I wanted to start gaining more interest for the account.

What's the best account option right now?

He made a whopping 2.38 on the account this year.

Thanks in advance for any help.
What's the money for? If it is for college, put it in 529 plan.
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