If you’ve been searching for a better return for your savings, you may have noticed that online banks are paying significantly more than traditional brick-and-mortar banks. This includes MySavingsDirect , which is currently paying 4.35% APY on their high interest savings account, which is comparable to rates you’ll find elsewhere but does not lead the pack in any one category . MySavingsDirect is an online bank, but they’re owned by a regular bank from New York City, and deposits are covered by FDIC insurance. In this MySavingsDirect Review, I’ll explain why it could be the right place for you to park your savings, while maintaining a relationship with your primary bank. Table of Contents What Is MySavingsDirect? MySavingsDirect Features Precious Metals Storage High-Interest Savings Account MySavingsDirect CDs Mortgages from Emigrant Bank MySavingsDirect Fees How to Open a MySavingsDirect Account Funding Your Account MySavingsDirect Pros & Cons Pros: Cons
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