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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