Wednesday, October 05, 2011

The History of Online Savings Rates

Countless financial institutions offer consumers access to online savings accounts. These accounts are geared toward the younger, more sophisticated mobile crowd and offer features most likely perceived by that demographic as advantageous. While many aspects of banking exclusively online can be beneficial, disadvantages do exist. The historical interest rates of these accounts has fluctuated in correlation with the federal funds rate and the state of the nation's economy.