Hi everyone and welcome back to Money Girls Quick and Dirty Tips for a richer life.

I'm your host Laura Adams. Thanks for joining me. You've probably noticed that the

interest rate on your savings or money market deposit account isn't

anything to brag about these days. or money

market deposit account isn't anything to brag about these days.

Low interest rates can make having money in a bank account

a little frustrating.

The upside is that having money in an FDIC insured institution keeps it extremely safe.

But what if you could get a higher rate of return without taking on a higher level of risk?

In this episode, I'll give you tips about how to do that.

To get the highest interest rate for your savings, you have to be proactive about searching

for the best offers on a regular basis.

The internet makes it easy to find the best deals, but remember that when you take advantage of a great savings offer, it's always subject to change.

The interest rate on savings and money market accounts is a variable rate, which means it may quietly creep down to a less competitive rate without you realizing it.

So never forget about your savings, otherwise you could be shortchanging yourself.

Your goal should be to move your money as necessary so it can grow as quickly as possible, no matter

how much or how little you have.

The highest interest rates for savings and money market accounts are online.

I'll give you a list of the best ones that I found at the end of the show.

If you're wondering whether there are any significant differences between an online savings account

and one at a local bank or credit union, there aren't.

Additionally, most online banks are FDIC insured, so there's no reason not to scout out a better offer. But if you've never had an

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