Just wanted to let everybody know about the best way to earn interest on your savings. If you have a Washington Mutual (www.wamu.com) checking account, you are eligible to receive 3.75% on your money if you open an online savings. The online savings is the exact same as a regular savings in that you use your ATM card just the same to take out money, you can use the teller to deposit money, etc. The interest amount I receive in one month is more than I made in interest for an entire year with a regular savings. If you don't want to deal with WaMu, there are other banks out there with online savings like ING Direct, although the interest rate is not as high as WaMu.
Here's to monetary success!
B-Squared
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bsquared,
thanks for the great post! just for everyone's info, here in Seattle, that verity credit union (http://www.veritycu.com) is offering 5.05% APR on checking accounts up to $40k. also, a spectacular way to go! :)
abraços,
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