But it's only fair to discuss both sides — hey, people even want to know if there are reasons not to open an online savings account — so here are the arguments against online banking, courtesy of About.com's Banking section.
This is why having multiple online savings accounts is good.
I just got an email from the HSBC Direct folks that new money — a.k.a. money not currently in your online savings account with them — will earn a 6% APY until April 30.
Paying your bills online is still a relatively new thing. Not everyone is comfortable with the idea of not getting a paper bill, writing a check and mailing it in, while others are still skeptical of sending their credit card information over the Internet.
It's understandable, but a bit silly. Having the ability to pay bills online — besides the comfort of knowing your payment isn't lost in the mail — can also save you money.
Here's 5 ways online bill pay saves you money.