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When you have money, you want to put them into a high yield account. If you’re familiar with mutual funds or other invest methods, go ahead! If you are lack of invest ideas and knowledge, you can put your money in a saving account which is much safer than other invest methods. You can withdraw your money from saving account at any time when you need it. SO I did some research and list some high yield saving accounts for my readers.

ING Direct Electric Orange Checking Account: you can get 4.00% APY for balance under $50,000; 5.25% APY for balance between $50,000 and $100,000; 5.30 APY for balance higher than $100,000. You can also get a free mastercard debit card which allows you get money at 32,000 ATM worldwide.

ING Direct Orange Saving Account: you can get 4.5% APY for this account which features no minimum balance requirement and no monthly fee. You can get $25 from ING if you are referred by an existing customer.

Washington Mutual: you can get 5.00% APY for opening a wamu free checking and saving account online. If you want to get the 5.00% APY, you must have to apply for both accounts. The minimum amount to open a checking and saving account is $1 each. NO minimum balance and fees apply.

E-LOAN Online Saving Account: you can get 5.00% APY from E-LOAN, an online bank, for minimum balance $5,000.

WILMINGTON TRUST Direct Saving Account: the APY is 5.26% for balance over $10,000. No FEES!

HSBC Online Saving Account: the APY is 5.05%. This account features no fees and no minimum balance. You have to put in $1 to open this account online. (HSBC is famous for banking but is a newbie in credit card market.)

Emigrant Direct AmericanDream Saving Account: the APY is 5.05%. This account also features no fees and no minimum balance. AmericaDream! So attractive to foreigners?

CapitaOne High Yield Money Market Account: APY is 5.00% and you will have a debit card. NO fees and minimum balance applied. I don’t like CapitalOne. How about you?

Citibank Ultimate Saving Account: APY is 4.75% with no monthly fees and minimum balance. If I am right, they also offer $50 bonus for opening a new account. SO just wait until the similar offers come up.

AmtrustDirect e-Money Market Account: APY is 5.31% with no monthly fees and minimum balance is $1. You will also need $1 to open this account.

E*TRADE Complete Savins Account: APY is 5.05%. No monthly fees and minimum balance required.

Countrywide Bank Savingslink Account: APY 5.50%. $1000 minimum to open an account. This is a major US home loan lender. SAFE to put money there? FDIC insured.

GMAC Bank Money Market Savings Account: APY is 5.30% for balance higher than $500. You will also need to keep $500 minimum balance to avoid service fee. I hate this!

Ok. I think I have provided enough choices for you. Next time I will write about CDs.