Are on line investment banks for real?

I want to save money but i am on a goverment dissability and only aloud to have 5000.00 in a savings acount at all times if i have more i will lose my dissability untill all funds are gone. So i am looking into online investing with so call banks that offer high intrest rate, daily rates, on your balance. Are these so called banks for real or scams. If they are real witch one should i pick?

Are on line investment banks for real?fast loan

Check out: hsbc.com or maybe Ingdirect.com

Yes, internet banks are for real. Their rates are comparable to that of current short term cd%26#039;s, but there is usually no minimum balance or restriction on withdrawls.

You can transfer the money from the online account to your local bank account in (approximately) 3 days time. I don%26#039;t have the exact figure, but thats ballpark...

Everyone with a checking account should have an internet bank account. Period.

Are on line investment banks for real?

loan

A better option would be to buy CD%26#039;s(certificate of deposit).

and they pay as good as an interest as online banks if not better.

The problem with online banking is -

depositing....if you wire transfer they charge you

withdrawl...most of them do not have atm, and the ones that do have very few