ELOAN.COM - High Interest Online Savings Account

Ever since I have begun doing balance transfers to obtain zero percent interest income, I have had large amounts of cash to invest. These sums are from credit cards that may need to be repaid in full at any given time.

This leads to the need for risk free high interest investment avenues that are highly liquid. They are currently offering a 5.25% interest rate for online savings that is credited monthly. The account is FDIC insured and it credits interest monthly.

I have used them for about 6 months now and have had an overall positive experience. They can be contacted via email or at 888 533 5333. I forgot my password at one point and got locked out and called the number. My password was reset and the whole phone call was done in under a minute.

My biggest concern was about pulling my money out. I did this for the first time on February 28th when the stock market took a dive. There were some bargains I wanted to take advantage of. I requested the money pulled out at the end of the day and had it less than two days later.

Overall, I like Eloan and will be sticking with them as long as they keep their rates up. You can find them here: Eloan.

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