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Dig deeper: High-yield accounts vs. traditional savings account: Why it’s worth the switch Earn up to 4.14% APY on balances of $1,000 and more $0 monthly maintenance fee
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.
Additionally, like any standard account in a bank, credit union, or savings and loan, these accounts are also typically FDIC insured, meaning your money is federally protected up to $250,000.
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A high-yield savings account is like a high-powered savings account. It earns a much higher interest rate with fewer fees than you’ll find with a traditional savings account, helping your money ...
High-yield checking account. A high-yield checking account is like an HYSA or MMA in that it offers higher APYs than traditional savings accounts, but it’s also like a more flexible money market ...
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