Markets

Earn More Money On Your Cash

Updated on: September 24, 2010 / 7:52 AM EDT / MoneyWatch

Low interest rates are great for borrowers, but terrible for savers. I talked to WCBS2 this morning about ways to earn more on your cash.

Here are the resources and links from the segment:

High-yield savings accounts: ING Orange Savings
Credit Union accounts: Check out this and this for more info
Reward checking accounts: Usually require monthly direct deposit and debit card use at least 10 times a month -- here's a list
Low-penalty, longer term CDs: Ally Bank offers a 5-year CD with 2.69% - 60 day simple interest early withdrawal penalty

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

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