Virtual Piggy Banks, Part Two

Adrienne Carter

My co-blogger Lauren wrote a couple of weeks ago about the advantages of the new Citibank Direct account--a high-yield savings account with an interest rate currently running at about 4.5%. Citibank enters an already crowded field with ING Direct (at 3.9%) and HSBC Direct (at 4.8% or so). She went on in our own humble blog to admit that despite the advantages she can't make the leap into the virtual banking world.

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