An owl sits hidden in the top of the tree. With his incredible eyesight, he scans the field below. He waits until he finds the biggest, juiciest creature, then attacks.

Follow the owl's example as you search for online accounts with the best interest rates. On the Bankowl website, you can see accounts offering the biggest, juiciest rates. All you must do is decide to pounce and open the account.

Let Bankowl help make the decision a little easier for you.

Why are the interest rates so much higher?

Online banks are entirely online. They do not have the cost of buildings, lots of employees, or suckers. This allows them to offer higher interest rates on their online accounts.

Traditional banks, like Wells Fargo and Chase, do not give a hoot about their interest rates. Their account rates are not competitive with online accounts.

Do I have to close my current accounts to open an online account?

No. If you open an online account, you do not have to close your current accounts. It is smart to have accounts at different banking institutions. You can link the online account with your regular account. Some online accounts require a linked checking account. Once you link the accounts, you can transfer money electronically between accounts.

There is comfort in knowing you can visit a branch location if you need money immediately. But online accounts give you peace of mind knowing you are earning competitive rates. Both accounts can help you in your journey to financial freedom.

How hard is it to open an online account?

Opening online savings or money market accounts can take only minutes. You can open the account entirely from the comfort of your own home. The best online banks offer accounts to customers across the United States. You do not have to live in specific areas to open the accounts.

Some online accounts can have high opening required amounts, but not all of them. Banks like Marcus, Capital One, and American Express have low required opening amounts.

Online banks require your personal information, including your name, birthday, address, and email. You need to provide your social security number. To link accounts, you will need your current bank account and routing numbers. Other information may be necessary.

What are you waiting for?

Are you perched, waiting for the best rate or until you have a larger account balance? Do you wonder if you must close your other accounts? Are you worried about the hassle of opening a new account?

While you have been waiting for one reason or another, you are missing out on earning interest. No matter how much you feel you can invest in an online savings or money market account, open one. Investing with a lower account balance earns more money than not investing any. Earn interest on any amount while you wait to increase your nest egg to a larger amount.

Is your money sitting in a regular savings account, earning almost no interest? Take the dive and open an online account. Let Bankowl help you earn more interest off your own money.