3 Alternatives to Sweep Accounts

You can earn far higher interest rates with some savings and money market accounts.

Money funds, bank deposit accounts and even Internet checking accounts no longer yield the interest rates they used to. Fortunately, there are still some places where you can earn up to 4% on savings if you're willing to take a little risk -- such as WorldCurrency CDs, just one of the savings options that we explore in Where to Stash Your Cash.

I've been saving for a new computer, so I know first-hand how little our money earns in traditional savings accounts. That's why I abandoned my brick-and-mortar bank for a higher-yield online account. We savers need to work hard to maximize our gains.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Online Associate Editor, Kiplinger.com