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A savings account — especially a high-yield account — might be better if you prefer easy access to your cash, plan to make regular deposits or want to take advantage of rising interest rates.
“Safe money market accounts that do not fluctuate in value can be seen as a good alternative to keeping money in a savings account that pays little interest and has a negative real return after ...
No-penalty CDs and savings accounts are low-risk investments that offer a safe way to grow your money while earning interest. Here's how to match your cash to the best savings strategy for you.
And you can rest assured your money is safe: Deposits in high-yield savings accounts are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) — or the National Credit Union ...
When it comes to keeping your money safe, you may be better off using a federal credit union. ... So if you shared a $300,000 CD and a $275,000 high-yield savings account with your spouse, $75,000 ...
When it comes to banking safety, look for institutions that are insured with the FDIC.The FDIC’s job is to prevent bank runs and generally ensure the safety of U.S. banks.
“Move your savings to a high yield online savings account such as Bread Savings, which is currently offering 4.25% APY (the amount of interest you will earn on your savings, compounded daily!).”
Continue reading → The post Are High-Yield Savings Accounts Safe? appeared first on SmartAsset Blog. There are two questions about safety when it comes to opening a high-yield savings account ...