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A money market account (MMA) is a middle ground between checking and high-yield savings accounts. They're offered by traditional banks, online banks and credit unions as a way to earn higher ...
CDs typically pay a higher yield than traditional savings accounts because you agree to let the bank keep your money locked up for a specific term that could range from three months to five years ...
A savings account is an interest-earning bank account designed to help you store and grow your money. It’s great for short-term goals, emergency funds or savings you might need to access quickly.
Let’s break down these key differences. With savings accounts, your money stays protected — a $10,000 deposit remains $10,000, plus the interest you earn.
However, the best CD rates can be higher than rates on money market accounts or high-yield savings accounts, so keeping your money locked up could be worthwhile if you want the best rate. Plus ...
Find the best high-yield savings accounts to make the most of your available funds and grow your money. Time to move your money: January's best high-yield savings accounts still pay up to 4.50% ...
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