Several online savings accounts have popped up over the last decade, offering high yield percentage rates and no minimums. Depending on the needs and how much one has to start investing in savings, there are a number of options to suit each situation.
Orange Savings
ING.com offers online savings accounts with no minimum no fees, and a high yield percentage rate. They can link their Orange Savings account to an already established checking account from any other bank. Their certificates of deposit offer high rates as well, and is a good place to start with low-risk investing. Sharebuilder is also part of ING.com and opens up a way for newbie investors to start making their money work for them. Having everything all in one place is an easier way to start building wealth with a mere ten dollars. Add a percentage to the account weekly or each pay period and the little amounts will eventually compound into an emergency fund.
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