savings

5 ways to beat puny savings account rates

Fight low-interest savings rates
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Fight low interest savings rates

As bank rates hold steady near record lows, many consumers are frustrated with minuscule interest rates on traditional savings accounts.

However, the low risk of a savings account doesn't have to equate with the low-yield interest rates on savings offered at the nation's big banks.

You can find higher interest rates on a variety of alternatives to the traditional savings account, if you know where to look. Bankrate has assembled some options for you to consider, including the risk and reward that comes with each.

You will have to check for the most up-to-date rates at Bankrate.com or the bank's own website. The rates included here are correct as of the date of publication.


 

 

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