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Reply to "Is it safe to move mothers savings to high interest online banks?"
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[quote=Anonymous][quote=Anonymous]I’m POA for my 81 yr old mom. She has a few checking accounts totaling about $500,000 and see that both banks have very low interest rates. I started looking online and there are banks offering 5% on savings accounts. No penalties no fees. I’ve researched and it seems to be all legitimate and safe and FIC secure up to 250k. Of course I would use two different banks. [/quote] Which banks are offering 5% on savings?[/quote]
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