In the News – Oregonian article on online banking
Feb 7th, 2009 by Tim
Skip the safe and consider an online bank savings account
By Brent Hunsberger
…Regardless of all the bad headlines about our financial system and talk of deflation, you’ll do better for yourself keeping your money in an interest-bearing, federally insured account. One of the best places to do that these days is in an online savings account.
…What’s more, financial planners recommend them as a good way to help you start saving or to grow an emergency fund. They’re more out-of-sight, out-of-mind than the accounts at your local bank, though some providers do offer checking and ATM cards.
“For clients that are comfortable with an online banking experience versus a bricks and mortar experience,” said Tim Kober of Cedar Financial Advisors in Portland, “it’s an attractive and legitimate option.”
