I have both a savings and checking account with Wells Fargo and I'm just getting disappointed by the fact that I don't get hardly any interest. Is there somewhere else I could stick my money so that I could still have quick and easy access to it, but it would be invested in mutual funds or something with a more serious return on investment with minimal fees?
Just curious to know what my other options might be.
Deposit accounts lists savings rates for most of the online banks that offer savings accounts. Select one of the accounts with higher interest and you'll earn more on your money that you can with a savings account at Wells Fargo. You can transfer the money from Wells Fargo to one of the online lenders using electronic funds transfer.
If you plan to invest the money, you should consider what the purpose is long-term. If you don't plan on needing it for ~5 years or so you could consider a bond fund from Vanguard. Understand that while, this would be low risk, you could still lose money and this doesn't provide the same level of safety as a bank savings account from Wells Fargo or one of the online banks.
