You can use this information to do your own research into deciding which financial institution will be the best for you. Two things that you need to look at is the interest rate itself, which will be mentioned clearly on the website and the maturity period. The simple math here is that if the maturity period is longer, then the total interest you earn needs to be higher. " as more and more people look to provide themselves with a better financial future. For any new investor there many different answers to the question "how do I get started". In the stock market there a large number of different options to choose from. A good place to start is by considering if you should be investing at all. Though technologically these accounts are quite advanced and secure, there are a lot of people who are still quite apprehensive about their ways of working and would not like to trust them with their money. The Ugly Side of Online Savings Accounts Identity theft through the Internet is a very real problem and the online savings accounts are prime targets. Explain the situation you've found yourself in and ask what they can do to help. Some, not all, but some companies will freeze the interest, especially if you've always had a triple A credit rating in the past. Let take a worst case scenario here and assume your creditors aren't helpful. If you find that is the case then start to look at some of the options. There are many different views on the cause as you would imagine but the general consensus of opinion is that there was a misplaced belief that high share prices could be sustained indefinitely. The Bull market which had lasted throughout the 1920s had even led one eminent economist, Irving Fisher, to state that "Stock prices have reached what looks like a permanently high plateau. For anyone looking to get started with investing they need to consider whether they will be investing a lump sum or regular monthly payments. With monthly savings they could consider looking at mutual funds as these will allow them to get a taste for the stock market while sharing the risks and rewards with others.