Best Deals on Savings Accounts

Article Excerpt

Savings accounts at banks and trust companies pay annual interest rates as low as 0.20% and require minimum balances or monthly service plan charges to avoid transaction fees and maintenance charges. But these two institutions offer you much better deals: ING Direct (1-800-464-3473) offers a no-fee, high-interest savings account that currently pays 3.00%. ING’s Investment Savings Account has no minimum deposit and has no service charges or transaction fees. Most customers access their accounts by phone or Internet. President’s Choice Financial (888-872-4724) also offers high-interest savings accounts with no fees. The no-minimum Interest First Savings Account currently pays 2.00%. The $1,000 minimum Interest Plus Savings Account pays 3.05%. Both accounts have no charges or fees. Customers can access their accounts by phone or Internet, or through President’s Choice Financial bank machines in Loblaw stores, and at CIBC bank machines. machines…

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