More high yield accounts to put your money!

One of the advertisers on ABCMoneySource.com is E-LOAN -- a popular online lender. If you need to purchase a home, refinance, or obtain a home equity line of credit, they are a great source for low rates. They are announcing today an online savings account that will pay an interest rate of 5.5% along with certificates of deposit (CD's) paying between 5.6% and 5.75% yeild. What a deal!

The competition among financial institutions and banks only means more attractive savings rates and lending rates for you and me as consumers.

These financial instutions are able to pay higher yields on interest rates because they just don't have the overhead of traditional brick-and-mortar banks. How long can it last? Only time will tell, but my suggestion would be to lock in good rates while you can.