A very long time ago, my Grandma bought her dry goods from an Italian immigrant who drove a cart through the streets of her little coal mining community. When my Grandpap’s check was very small, my Grandma would have to charge her purchase. Like all the other coal mining families, Grandma always paid her bill on time.
Years later, after the United Mine Workers persuaded the coal company to sell the homes to the miners, they all turned to the local bank for their loans. Every loan was approved by the bank president, an Italian immigrant who used to sell dry goods from a cart that he drove through those very streets. He admired the hard working coal miners who always paid their bills.
I still live in a small town but I don’t know of any small, community bank like that. There is no personal touch. In fact, it seems that there are two or three main banks and they own everyone else through acquisition or merger. Perhaps that is why hopping from bank to bank in this valley, searching for the best interest rate on a savings account always leaves me wondering why I even bother. Hard to believe that 1% interest is considered good.
This is why I’ve turned to online banking in search of a good interest rate on my savings. I love the site I’ve found that gives rates of several different banks. You can Compare online banking, find a savings account or checking account and earn more interest today with SavingsAccounts.com In fact, I found an online bank offering 6% interest on savings accounts, with no monthly fees and no minimum balance.
SavingsAccounts.com is laid out in a logical order and is very easy to understand. They gather the information and present it cleanly so that you can make your own choices. Their Resource section contains a number of excellent articles to help the young and old alike. This is the kind of website my Grandma would have loved because it would have given her more control over her money.
And this is the website I’m using to narrow down my choices for investment and savings accounts. I know Grandma would approve.
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