A certificate of deposit is probably your best bet if you want to get back a bit of interest, but don’t want to take any risks with your money. As long as you choose a good bank that is FDIC-insured, you really can’t go wrong with a CD. The goal, of course, is to put […]
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Compare Savings Accounts: Guide to Understanding Savings, Banks, APY, Fees, & More
Since there are so many traditional and online banks and other financial institutions offering a variety of savings solutions, it’s important to know how to compare savings accounts and what to look for in a good one. Interest is obviously an extremely important factor, as well as customer support, minimum payments, the reputation and quality […]
Continue readingCompare Money Market Accounts: Top Banks in 2020 So Far and Reasons for Starting an MMA
A money market account is a great way to potentially earn more money beyond what a traditional savings account offers. Many MMAs offered tiered rates, with the ability to get more back for maintaining a higher balance. If you think you have enough money to put into an MMA, then it’s time to compare money […]
Continue readingWho Can Open a Savings Account? What do You Need to Provide to Online Banks?
A savings account is great to have for anybody at any age. However, the longer you can keep your money in there, the better. Imagine all of the interest you’ll accumulate over time. Even if you’re not concerned about letting it grow, it’s still smart to have a savings account for emergency purposes. What if […]
Continue readingBest High Yield CD: Info about CD Accounts, Terms, and Choosing the Right Online Bank
If you have some extra money you can afford to set aside and some time to burn, then a high-yield CD at an online bank might be the best option. With a Certificate of Deposit, you can really get a decent return by keeping your money in the account for a certain amount of time. […]
Continue readingTop Savings Account Rates List: Some of the Best Options So Far in 2020
Getting the best interest rates for your savings account can mean the difference between earning just $20 or $200 extra per year. Annual percentage yields of the best online savings accounts are up to 10% higher than the traditional savings accounts. The national average last year was around 0.09%, but some online financial institutions are […]
Continue readingBest Money Market Returns: Understanding Money Market Accounts and Which Bank You Should Choose
For the longest time, banks only offered two types of accounts: checking and savings. If you wanted to earn interest, you’d have to rely on long-term savings accounts. Today, there are numerous options, including CDs and money market accounts. The latter is a hybrid between a savings and a checking account: it allows you to […]
Continue readingTop CD Rates: The Best Online Banks and Credit Unions for CD Accounts at the End of 2019
It’s not all that difficult to obtain a good CD rate these days, with all of the online banks trying to outdo each other by making their offers seem as enticing as possible. Just pick a few banks that you think you might want to put your money into and check their APY to learn […]
Continue readingBest Money Market Yields Overview of the Top Online Banks and Their APYs for MMAs
Are you interested in opening a money market account? This kind of account is a type of deposit account that is offered primarily by credit unions and banks of all sizes. It pays interest on the deposits and can be used for long-term or short-term savings Some withdrawals may be allowed with some restrictions. Some […]
Continue readingCompare Savings Account Rates: Info About Online Banks, Interest Rates, and Deciding the Best Strategy for Savings
Before taking your money to the nearest bank to start a savings account, you might want to look into its interest rates at first. It’s usually the banks that operate primarily online have the highest APY and lower fees. The national average is around 0.9%, but if you take the time to compare savings account […]
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