Best Places to Stash Your Cash

These banks provide higher yields and convenience.

What to do with all those Black Friday and Cyber Monday savings? Consider a high-yield savings account.

Our favorite is the high-yield savings account at Ally Bank, formerly GMAC Financial Services, which yields about 1.6%. No, you won't get rich off that rate, but it's better than what you'd get at most brick-and-mortar banks. Plus, the account has no monthly fees and no minimum balance.

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Cameron Huddleston
Former Online Editor,

Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.

Cameron Huddleston wrote the daily "Kip Tips" column for She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.