Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

best online banks

Market Insanity

Advantages of Online Banks

The best online banks deploy some of the money that isn’t needed for maintaining bank branches into technology to make the online experience easier and safer.

If you search for the banks that offer the highest interest rates on savings accounts and certificates of deposit, you’ll find the top of the list dominated by the best online banks. It’s no mystery – running a bank is less expensive if you don’t have to pay for and staff brick-and-mortar branch offices. The top online banks pass on (some portion of) the savings to customers, which means more interest income in your pocket.

Read More

Are Online Banks Safe for Consumers?

A powerful security procedure is two-factor authorization, in which you must provide a second piece of data in addition to your password when signing in. For example, you may be asked to create a PIN (personal idea number), which is a four or five-digit number that serves as a secondary password.

Read More