Select Next Advisor Blog Posts
Study Shows 51% of U.S. Adults Bank Online
The Pew Research Center has released a study that shows 51% of U.S. adults, or 61% of Internet users, bank online. According to the data, it is apparent that younger Internet users, those that are 18 to 29, report the most significant increases for online banking. These findings, that are based on nationally representative surveys, clearly show [...]
Save More With Online Savings Accounts
These days, people aren't saving as much as they should be. In fact, 25% of US families had no savings in 2012. With all of life's needs, saving money can be tough, but with higher interest rates and zero fees, online savings accounts can help. Online banks like Ally and Everbank do not have all [...]
Save More Money: Get The Highest Interest Rate
It's not news that online savings accounts offer highest interest rates than traditional, brick-and-mortar banks. This is because online banks don't have the same branch upkeep and employee expenses, thus passing their savings to their customers via higher interest rates. Currently, Everbank is offering one of the highest interest rates we've seen. For the first 6 [...]
Do Online Banks Have Physical Branches?
Q: I noticed that online savings accounts have much higher interest rates, but I still like going into bank branches and speaking with someone in person. Do any online banks have physical branches? A: Some of the online savings accounts we review, like Capital One 360 and HSBC, belong to banks that do have physical [...]
APR vs. APY: What's The Difference?
While most consumers know that APR stands for "Annual Percentage Rate" and APY stands for "Annual Percentage Yield," there is still confusion pertaining to what these are used for. When applied to loans and savings accounts, APRs are interest rates that require you to pay extra money, and APYs indicate a rate of return that [...]
Enter the NextAdvisor $500 Giveaway!
Need a little extra spending cash for the summer months? We are giving away a total of $500 to 4 of our lucky Google+ followers! We will be drawing 4 winners over the course of a month. The first winner, picked March 22, will win $50. The second winner, picked on March 29, will win [...]