employed by select businesses in Louisiana.
As you might have guessed, finding a credit union that works for you is hard work. Bankrate offers a search tool that can help.
Prepaid Debit Cards
Finally, odd as it may seem, prepaid debit cards offer some of the top rates available today. Generally there are two limitations. First, cardholders must be signed up for direct deposit to qualify for the savings account. Second, balances subject to the top rates are limited, typically to about $5,000. For those that accept these limitations, the interest rates are hard to beat.
For example, the Paypal Prepaid MasterCard offers 5.00% APY on balances up to $5,000. The Mango prepaid card does even better. It currently offers 6.0% APY on balances up to $5,000. Money placed in these accounts typically is FDIC-insured, although it is important to confirm the coverage before opening an account.
employed by select businesses in Louisiana.As you might have guessed, finding a credit union that works for you is hard work. Bankrate offers a search tool that can help.Prepaid Debit CardsFinally, odd as it may seem, prepaid debit cards offer some of the top rates available today. Generally there are two limitations. First, cardholders must be signed up for direct deposit to qualify for the savings account. Second, balances subject to the top rates are limited, typically to about $5,000. For those that accept these limitations, the interest rates are hard to beat.For example, the Paypal Prepaid MasterCard offers 5.00% APY on balances up to $5,000. The Mango prepaid card does even better. It currently offers 6.0% APY on balances up to $5,000. Money placed in these accounts typically is FDIC-insured, although it is important to confirm the coverage before opening an account.
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