Straight Talk: The high yield savings account you need to know about

The real high-yield savings option

Negative economic news is all around us! Dismal employment forecasts, the trauma of Irene as well as the debt ceiling debacle have continued to lower overall morale. I am sure many of us are rethinking our savings strategies for quite some time. I sat home one evening looking at my savings details, and I noticed that one of my money market savings accounts had accumulated a total of $1, yes one dollar, in interest after 2 years! This is an account which contains several thousand dollars on deposit! I was horrified and angry for not being more careful and started to search online for higher yield savings account options.

I read numerous articles that highlighted the best banks and credit unions. To my dismay, all the articles I read reported dismal returns of 1%-1.26% APY. Just last week, as I was setting up an automatic transfer of funds onto my ACE Elite^™ Visa^® Prepaid Debit card, I saw a link to Netspend's 5% APY Optional Savings Account. I couldn’t believe it and made sure I did all the research. Ever since, I’ve decided to let readers know about this incredible little-known savings option.

With the ACE Elite Prepaid Debit card, cardholders can put money aside by enrolling in the Netspend Savings Account which pays a very generous 5.00% APY- amongst the highest interest rates available in the United States today. This option is FDIC-insured and issued by federally-regulated banks. It just can't get better than this! If you are like most people who are getting very disappointed with current non-existent rates of return offered by traditional banks, there is no better alternative- it only takes a few minutes online:

Apply online for the ACE Elite Prepaid Debit Card
When you receive your card, set up direct deposit - you will receive an email reminder!
Then call 1-866 387-7736 or Login at AceEliteCard.com to set up automatic deposit into the savings account.
Be sure and read up all the details regarding the savings option on the Netspend website!

You are now on your way to earning better already! And don't forget to spread the news! By Ritu Mehta, Editor ACE Cash Express Money Management Tips

ACE Elite Plans	ACE Elite Pay-As-You-Go Plan	ACE Elite FeeAdvantage Plan (Monthly)	ACE Elite with Direct Deposit FeeAdvantage Plan⁴ (Monthly)
Cost of Fee Plan	N/A	$9.95	$5.00
Signature Purchase Transactions	$1.00 each	included	included
PIN Purchase Transactions¹	$2.00 each	included	included
Average Cost Per Month	$15.00³	$9.95	$5.00
ATM Cash Withdrawals (Domestic)²	$2.50 each	$2.50 each	$2.50 each

Goodbye to Hidden Fees Fees Related to the Service: Refunds are at par. None of the fees shown are assessed by MetaBank or the Card Association. ATM withdrawals may be subject to varying daily limits at the ATM owner's discretion.	ACE Elite™ Pay-As-You-Go Plan	ACE Elite™ FeeAdvantage™ Plan (Monthly)	ACE Elite™ with Direct Deposit FeeAdvantage™ Plan (Monthly)
Card Purchase Fee	$0	$0	$0
Plan Fee	N/A	$9.95	$5.00* *To be eligible for this optional fee plan, have $500 deposited during one calendar month.
Signature Purchase Transaction Fee	$1.00 each	included	included
PIN Purchase Transaction Fee	$2.00 each	included	included
Balance Inquiry Fee: via toll-free number (automated service) via toll-free number (customer service agent) at ATM online via Anytime Alerts™^**	$0.50 each $0.50 each $0.50 each Free Free	$0.50 each $0.50 each $0.50 each Free Free	$0.50 each $0.50 each $0.50 each Free Free
Bill Payment Fee	In addition to the one or more no-cost bill payment methods made available through third-party service providers, a full range of options and applicable fees appear at the Site.
Stop Payment Fee for Preauthorized Payment	$10.00 each
Domestic ATM Cash Withdrawal	$2.50 per withdrawal, plus ATM owner fees, if any
International ATM Cash Withdrawal	$4.95 per withdrawal, plus ATM owner fees, if any
ATM Transaction Decline Fee	$1.00 each

Direct Deposit	Free
Add cash, checks or withdraw cash at a NetSpend Reload Network location	Convenience fee determined by location
Bank Transfer	Free; transfer fees from the originating bank may apply
Instant Bank Transfer	$5.95 each (deducted from the transferor's debit card account
Account-to-Account Transfer via text message or online	Free; standard text message rates may apply
Account-to-Account Transfer via toll-free number (automated service)	$1.00 each
Account-to-Account Transfer via toll-free number (Customer Service Agent)	$4.95 each

Check or Additional Statement Mailing Fee	$5.95 each
Additional Card Fee	$3.95 each (standard Card)
Additional Card Fee		$4.95 each (custom Card)
Lost, stolen or damaged Card Replacement Fee	$3.95 each (standard Card)
Lost, stolen or damaged Card Replacement Fee		$4.95 each (custom Card)
Account Maintenance Fee	$5.95 per month (fee applies if Card Account has not had any activity, that is, no purchases; no cash withdrawals; no load transactions; or no balance inquiry fee for 90 days)

Straight Talk: The high yield savings account you need to know about

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