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  2. What is a savings account? Definition, how it works - AOL

    www.aol.com/finance/savings-account-definition...

    The average APY on savings accounts is just 0.57 percent, but you can find high-yield savings accounts paying more than 5 percent. Finally, there are many opportunities to open a savings account ...

  3. Deposit account - Wikipedia

    en.wikipedia.org/wiki/Deposit_account

    Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer ...

  4. Time to move your money: January's best high-yield savings ...

    www.aol.com/finance/best-high-yield-interest...

    Find the best high-yield savings accounts to make the most of your available funds and grow your money. ... by the end of any given day drops your rate for this day to a much lower 0.25% APY — a ...

  5. How much should you keep in a high-yield savings account? - AOL

    www.aol.com/finance/how-much-in-high-yield...

    Dig deeper: High-yield savings account vs. CD: How they differ when saving money Earn up to 4.00% APY on savings and 0.50% APY on checking $0 monthly fees | 55,000+ fee-free ATMs

  6. No-penalty CD vs. savings account: How to match your ... - AOL

    www.aol.com/finance/no-penalty-cd-vs-savings...

    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.

  7. Money market account - Wikipedia

    en.wikipedia.org/wiki/Money_market_account

    A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.

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