If you want a safe, short-term way to park your money while earning slightly more interest than you would on a savings account, a 1-month CD might be a good choice. However, what you'll earn is modest compared to what you might get in a high-yield savings account, and you'll have...
If you plan to invest in a Discover CD, the short-term options are currently offering better rates than CDs that last many years. While Discover is probably best known as a credit card processor, its deposit products are well-rounded and easily accessible. New customers can quickly sign up ...
The best money market accounts often earn rates similar to those of high-yield savings accounts. Learn more: What is a savings account? Who should get a savings account? A savings account is useful if you have money you may need on short notice for emergencies or other expenses, and the ...
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Good vehicle for emergency savings or a short-term savings goal Cons of a high-yield savings account APYs are variable and can change at any time Some banks impose monthly withdrawal or transfer limits Not all accounts offer ATM cards Since most accounts are online, there are limited to no ...
longer now yielding more than short term Treasuries, those willing to tie up their cash for longer periods will begin to see a time premium. We expect to see banks begin to compete for deposits by offering1-year CDsand2-year CDsthat offer a significant yield premium toonline savings rates....
If you have a short-term savings goal for an item you’d like to purchase in a few years, consider opening a CD. Funds in high-yield savings accounts can generally be withdrawn at any time, though there may be a limit of six per month for certain types of withdrawals. Compared to a...
» Curious about other savings options? Check out NerdWallet’s best high-yield online savings accounts How to choose a CD Consider each part of a CD to help break down your decision: CD term: Most terms at a bank or credit union range from three months to five years. Learn how to ...
Crediblyis an online fintech lending platform specializing in short-term small and medium-sized business financing. It offers working capital loans of up to $600,000 with repayment term lengths ranging from three months to 15 months. Other financing options Credibly offers include merchant cash adva...
CDs are a good alternative to high-yield savings accounts if you have a large lump-sum deposit and want to lock in a rate while rates are high. This might be a better option if you don’t need your money in the short term and want to lock in a high rate rather than risk ra...