Report: Savings account interest rates higher at online banks

Posted at: 05/14/2013 6:56 AM

It may be in your best interest to put your savings in an online bank.
Interest rates are low across the board but a new report from MoneyRates.com finds those at online banks are about six times higher than rates offered by traditional banks.  
Online banks also tend to have fewer fees and those they do have are generally lower than those at traditional banks.