Online Banks FTW!!!

The old days of opening up a saving account in town and expecting to get some return of some substance are now gone.  We have lost our buying power with money today with banks mostly due to the FED they can print money and lower interest rates as often as they wish so for the banks money comes cheap.  That and our people are up to their necks in credit debt that dosent hurt the banks either. So the banks dont need our money like they used too.  So now-a-days you have to be strategic if you want your money to work for you.  There are options like buying stock, bonds, or mutual funds but if you want to find something with a bit less risk involved Internet Banks are a nice alternative.  Most Internet Banks are FDIC insured (do your research) have less overhead due to no building or building maitenance costs, and have less employees to pay.  So the result of that is greater interest rates too their customers.  Some are better then others so you have to look around but the alternatives are much better than the out in town options.  Most offer all the same benefits of the standard drive up bank.  But are willing too pay you more for your money! Cheers!