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Shopping Online for a Bank With High Interest Rates

Looking to stash your cash in a bank that offers the highest interest rate? At, banks bid against one another to offer the best rate on savings accounts or certificates of deposit. Enter your location and the amount of money you wish to deposit and some nifty websites will point you to the bank offering the best rate. You have to register to follow through on an offer, which carries an expiration time, so you’ll need to think fast.

If a checking account is more your speed, consider Plug in your ZIP code to find banks in your area. Some rates may go as high as 6 percent but require a certain amount of activity each month, so be sure to read the fine print.

Michelle Diament is a freelance writer based in Memphis, Tenn.

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