<prompt> Human: Ive been getting .10 and .15 interest on my savings and high yield savings accounts, respectively, for a while now. I just graduated college and started a job in October and now Im accumulating a good amount of money that I wont be spending for a while. I wanted to invest in CDs at the CU, but the rates were .20 for 1yr CDs. I looked around at online banks today and found several with savings account that had APY rates of .90, one as high as 1.00. Does anyone have experience with online banks? Is there a reason why I shouldnt put all my money in their savings accounts? And advice would be greatly appreciated Assistant: Any particular reason youre planning to keep your long-term savings in a bank or CU account? You can do better if you invest it.Credit Unions are typically not-for-profit, which allows them to offer better loan rates to their members. Banks, on the other hand...well we all know about them :Human: Thanks for the information! Im just very inexperienced when it comes to investing and dont have anyone to ask about it in a few years I think Ill talk to my friends and see what they say so I was planning on letting it sit and get what I can from it. Also, I dont really know how much Ill ultimately have to play around with, right now Im putting a little over 2.000 in my account every month, but I dont know when my expenses will start to increase paying rent at home now, trying to move out within a year  <response>: What makes you think your friends know more about investing than what you could learn on your own from the internet or reading a few books? 