In the world of 0% interest rate, 2.8% seems little attractive. FNBO Direct offers 2.8% APY for online savings account. There is no minimum balance requirement, you can open the account with $1.

If your money is sitting idle in your stock brokerage account, earning 2.8% sounds like a better deal. I know it’s not much. But, if you just keep $50,000 in your stock brokerage account in cash, that earns almost nothing in the current environment. If you deposit the 50k in 2.8% account, you will get $1,400 in a year. Not bad, huh? Even if you want to keep the idle money in 2.8% account just for 6 months, you will be still richer by $700.

FNBO Direct is FDIC insured. There are some banks that offer little more interest for one year CD with minimum deposit of $500.  GMAC Bank offers 3.75% for one year CD. Nationwide Bank offers 3.5% for one year CD.