Money Best High Interest Savings Acct?

**The Bad Guy** · 12-31-2012, 10:23 PM

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.

**Guru** · 12-31-2012, 10:24 PM

fiscal cliff

HoneyBadger · 12-31-2012, 10:27 PM

Might wanna start investing in guns and ammo. Should yield a high return.

Fat Elvis · 12-31-2012, 10:29 PM

High Interest and Savings Account are currently mutually exclusive terms.

siberian khatru · 12-31-2012, 10:30 PM

Quote:

Originally Posted by Fat Elvis

High Interest and Savings Account are currently mutually exclusive terms.

Thanks, Ben Bernanke!

**DaFace** · 12-31-2012, 10:31 PM

ING isn't bad, but it still sucks. Maybe a CD?

HoneyBadger · 12-31-2012, 10:32 PM

Quote:

Originally Posted by DaFace

Maybe a CD?

No one buys CDs anymore. I'd avoid them.

siberian khatru · 12-31-2012, 10:33 PM

Quote:

Originally Posted by HoneyBadger

No one buys CDs anymore. I'd avoid them.

Yep, most people download music today.

TribalElder · 12-31-2012, 10:36 PM

mp3 yo

**Kyle DeLexus** · 12-31-2012, 10:47 PM

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.

ragedogg69 · 12-31-2012, 10:58 PM

ill just leave this here:

http://www.fatwallet.com/forums/finance/1234357/

jspchief · 12-31-2012, 11:37 PM

Quote:

Originally Posted by Kyle DeLexus

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.

Valiant · 12-31-2012, 11:43 PM

http://www.mazuma.org/rates.php?tab_index=1

CoMoChief · 12-31-2012, 11:49 PM

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.

cosmo20002 · 01-01-2013, 12:19 AM

Quote:

Originally Posted by The Bad Guy

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.

12-31-2012, 10:23 PM
The Bad Guy Scott ***** Join Date: Jan 2001 Location: The Copacobana Casino cash: $212741	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.
Posts: 20,720

12-31-2012, 10:24 PM	#2
Guru BANNED Join Date: Sep 2002 Location: Middle of the USA Casino cash: $55082274	fiscal cliff __________________ But there is no RGIII or Luck in this draft. /truefan
Posts: 47,720

12-31-2012, 10:27 PM	#3
HoneyBadger The chosen one Join Date: Apr 2009 Location: OC, California Casino cash: $70814	Might wanna start investing in guns and ammo. Should yield a high return.
Posts: 2,275

12-31-2012, 10:29 PM	#4
Fat Elvis Wow! Wowie-wow-wow-wow! Join Date: Apr 2001 Casino cash: $1000615	High Interest and Savings Account are currently mutually exclusive terms. __________________ Mr. Irrelevant
Posts: 5,730

12-31-2012, 10:31 PM	#6
DaFace Version 3.0 Join Date: Aug 2005 Location: Donkey Land Casino cash: $627404	ING isn't bad, but it still sucks. Maybe a CD?
Posts: 24,113

12-31-2012, 10:36 PM	#9
TribalElder The Osage Outlaw Join Date: Oct 2012 Location: late to the party Casino cash: $14800	mp3 yo __________________
Posts: 1,524

12-31-2012, 10:47 PM	#10
Kyle DeLexus Opie and Anthony XM 105 Join Date: Nov 2008 Casino cash: $101011084	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. __________________
Posts: 7,239

12-31-2012, 10:58 PM	#11
ragedogg69 Oh yeah..... you like that Join Date: Oct 2003 Location: Phoenix, AZ Casino cash: $6516	ill just leave this here: http://www.fatwallet.com/forums/finance/1234357/ __________________ “You think Denver has the greatest fans? Well, they aren’t.” -- Jake Plummer Don't believe me? http://deadspin.com/sports/nfl/plummer-asks-the-world-who-wants-some-131609.php
Posts: 650

12-31-2012, 11:43 PM	#13
Valiant Valiant 'The Thread Killer' Join Date: Jun 2001 Location: Kansas City Casino cash: $62983	http://www.mazuma.org/rates.php?tab_index=1
Posts: 13,229

12-31-2012, 11:49 PM	#14
CoMoChief The Revolution Has Begun Join Date: Mar 2005 Location: KCMO Casino cash: $123398	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. __________________ 2013 Adopt-A-Chief: Eric Berry #29
Posts: 28,313

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