Money Savings Accounts

Money Savings Accounts

Apr 06, 2021

All savings accounts are NOT created equal

There are 6 Types Of Savings Accounts:⁣
Traditional or Regular Savings Account⁣
High-Yield Savings Account⁣
Money Market Accounts⁣
Certificate of Deposit Account⁣
Cash Management Account⁣
Specialty Savings Account⁣

Please be aware they all have pros, cons, rules, requirements & stipulations. You have to choose the account that is best for you. Aside from your traditional savings, there's a high yield savings account (HYSA). A HYSA is beneficial if you want to park money in an account & kind of forget about it & it'll grow some. There are so many different kinds, but the top ones as of 4/2021 with the current rates (which they do change) are: ⁣

⁣Axos Bank - 0.61% APY⁣
⁣Vio Bank - 0.57% APY⁣
⁣Comenity Direct - 0.55% APY⁣
⁣Popular Direct - 0.55% APY⁣
⁣Ally Bank - 0.50% APY⁣
⁣Citibank - 0.50% APY⁣
⁣Marcus by Goldman - 0.50% APY⁣
⁣American Express - 0.40% APY⁣
⁣Barclays Online - 0.40% APY⁣
⁣TIAA Bank - 0.50% APY⁣

⁣If you have any questions or wish to have a FREE 15-MIN chat with me click this link in my bio to book a call https://booking.appointy.com/GloriaMondragon. I hope you found this information useful & remember to share with a friend⁣

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