New online banks like etrade and img has higher percentage on savings than traditional banks.... im looking for one that yields over a 6 percent a month..... does anyone know of any?????
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The highest yielding account I know of is New York AMT Tax Free (FSNXX) from Fidelity. The 30 day yield is 3.41% (tax free). The Tax Equivalent Yield depends on your tax bracket: 25% = 5.1%, 28% = 5.3%, 33% = 5.7%, 35% = 5.9%. Fidelity also has several Bond Funds with high yields, again the actual yield depend upon your tax bracket.
DISCLAIMER: Be sure to read the fine print and check with your own advisor(s) before following a strangers advice.
Good luck!!!!
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