This is your hard earned money that could be earning you money.



1. A couple of different banks, as of this writing, are offering savings accounts that require little funds to get them started. You can actually start saving money and earning an above average interest rate on your money. We all know that what money we have has been hard to come by in these financially troubled times, but with these savings accounts you can open them with as little as $1.00 and start earning interest almost immediately.

2. Ing Direct is one bank that is offering an Orange Savings Account. You can find them on the web at www.ingdirect.com. Their Orange Savings Account allows you to make deposits and withdrawals with almost no penalty. Up to 6 withdrawals are allowed within a quarter (3 months) to avoid any type of penalty. Their Annual Percentage Rate (APR) is 2.75% variable. That is even higher than most banks. Your personal checking account is linked to your Orange Savings Account to be able to deposit and withdraw money as necessary. It is very simple to open an account with them. You will need a separate account, social security number, drivers license number and minimum $1.00 to open an account.

3. Emigrant Direct. Their website is www.emigrantdirect.com. They are offering an APR of 3.00%. As with ingdirect there is no minimum to open and no fees attached. You must have another account to link to this account in order to transfer funds. Emigrant Bank is a well established bank beginning in 1850, so they have been around for a very long time. There application process is very simple and easy to understand.

4. Even if you deposited $10.00 per week just think how your money could grow - that is $520.00 a year plus interest! In ten years you could have saved $5,200.00 plus interest. Both these banks have CD's that you can purchase and both are backed by the Federal Deposit Insurance Corporation up to $250,000.00 until December 31, 2009. According to www.fdic.gov the standard coverage limit of $250,000 will return to $100,000 for checking, savings and CD's along with a few other deposit categories. So make your money grow for your future!