Did you know you can set up automatic payments for many of your credit cards directly from an online savings account? This can be an excellent way to earn the highest interest rate possible on your cash while ensuring credit card bills are always paid on time, so it's definitely worth taking a few minutes to explore.
If you're currently paying your credit card bills from a checking account, chances are you're either receiving no interest at all or a fraction of a percent on your money. On the other hand, online savings accounts such as those offered by HSBC Direct, consistently offer some of the highest interest rates in the country with no minimum balance requirements or monthly fees.
First, check with your credit issuer to make sure you can pay directly from an online savings account. American Express, for example, doesn't allow it at this time. If the answer is yes, sign up for an online savings account today, transfer your cash, and setup auto-pay for each of your credit cards. Now sit back and watch your money grow without ever worrying about a late fee again.
