Where to find the best savings account rates (the answer may surprise you)

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by. Rob BergerPaul Sullivan of the New York Times recently reported that investors of all wealth levels are hoarding cash. Some have even missed the bull market of the last five years.  I guess some never learn.If you’re going to hold a lot of cash, however, you should get the best interest rates available.  Finding these deals proves to be a bit of challenge for several reasons.First, most brink and mortar banks offer dismal yields on FDIC insured accounts.  Second, some of the best rates come from more obscure online banks or credit unions that many consumers have never considered. And finally, for those willing to do a bit work, high yield savings accounts can be found in some unlikely places, namely with prepaid debit cards.Here’s the rundown.Online BanksThe top yields on savings accounts generally available nationwide can be found at online banks.  These banks do not have the expense of managing a network of branches, and they pass this savings on to customers in the form of higher rates and often lower costs.  Many of these institutions have become household names, such as Ally Bank and Capital One 360 (formerly ING Direct).  Others are perhaps less known, such as Synchrony Bank and FNBO Direct. continue reading »last_img read more


Gen. Dunford: Transgender individuals should not be separated from service

first_img Related iStock/Thinkstock(WASHINGTON) — The top United States general told Congress this morning that he has privately recommended transgender individuals not be separated from their service because of their gender identity.“I believe any individual who meets the physical and mental standards, and is worldwide deployable and is currently serving, should be afforded the opportunity to continue to serve,” Gen. Dunford, chairman of the Joint Chiefs of Staff, told the Senate Armed Services Committee.Dunford also promised Sen. Kirsten Gillibrand, (D-N.Y) that he would meet with transgender service members.Back in August, Defense Secretary Jim Mattis said transgender individuals will continue to serve in the military while the Pentagon conducts a six month study on how to implement President Trump’s directive to formally ban those service members.“Everyone just keep, hold on until we get through all the fights we’re in,” Mattis told reporters at the Pentagon on August 31.Trump signed a memo in August formally directing the Pentagon to ban transgender individuals from serving in the U.S. military. That memo also directed the Pentagon to stop all gender-related surgeries, with the exception of those individuals whose procedures are already underway. However, the memo allowed for Mattis to come up with the policy on what to do with those currently serving.The Pentagon has until February 21, 2018 to decide what to do with transgender individuals currently serving, per Trump’s formal policy guidance.Copyright © 2017, ABC Radio. All rights reserved.Powered by WPeMaticolast_img read more