[dynacraze]

I want to put 5K into a savings account. Which bank would you guys recommend? I live in Nyc. I currently have about 3K in a bank, its a savings bank but PAYS 0.025 percent interest.

Would citibank be good since it is 5 percent? I see igobanking.com has 5.3 percent but i am not really familiar with that name. Amtrust has 5.36 percent but it is a money market and I am not sure the difference between money market and savings.

I would like to put 5K in an account and would not mind not touching the money at all. Would that mean i should go for a CD rather than savings? Is the percent about the same?

Thanks.