There is no point in sticking with a low-rate savings or CD account with fees, since there are so many high-yield accounts available with dozens of online banks. These are often better than conventional banks since they don’t have as much overhead and can afford to give customers back more. The downside of some of […]
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Fixed Rate Savings Account: Top Online Banks Currently Offering Fixed CD Rates & Good Savings APYs
When doing research on savings and CD accounts, you’ll see the term “fixed rate”. Rates are usually variable since the financial markets and money value are always fluctuating. However, to entice new customers, banks will often offer a fixed rate savings account or CD account for a limited period of time, which could be anywhere […]
Continue readingBest Place to Open a Savings Account: Guide to Internet-Based Banks & Choosing the Best One Possible
There are many places to open a savings account these days. The internet has paved way for the option to store save money digitally, so there is no need to physically go to a bank anymore – unless you really want to. It’s not surprising that there are many, many online banks popping up to […]
Continue readingTop Bank Savings Rates: An Overview of How to Get Started with Online Savings & High-Yield APYs
There are so many ways to save money securely, and one of the best ways is to do it by putting money in an online bank. Why an online bank? Because they can afford to pay out a higher APY than the traditional bank. Imagine getting as high as 2% APY, depending on how much […]
Continue readingTop Online Savings Accounts: Summary of Top Online Banks & How to Choose the Best One
While all of the traditional, brick and mortar banks do have an online presence these days, they don’t operate entirely online and still do a lot of business at their chain locations across the country. If you want to start saving your money, the best option right now is to look into the top online […]
Continue readingMoney Market Returns – Guide to Understanding Different MMA Instruments & Investing
There are many ways to obtain money market returns, from investing in funds or opening up an account at a bank and earn interest back from the bank’s investments. The plus side of purchasing a money market account at a bank is that it will be backed by the FDIC. MMAs share similar features to […]
Continue readingTop Bank CD Rates: 5 of the Best Online Banks / Credit Unions Offering CD Accounts
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 […]
Continue readingCompare 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 […]
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