It depends how liquid you want your savings to be... If you might need the money fast then don't put it in a CD- although some banks let you do 6 month ones.
I use an ING orange savings account- it has a great return.
I still dont get how they do it... compared to USBANK and other banks their return is just awsome. I suppose its the lack of physical locations ...?
also if you open an account try to get a referal- gives you 25 bucks and the referer $10
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