No matter how you enlist CDs, though, you’ll still need to maintain an emergency fund, which should be placed in a high-yield savings account. While you’ll sacrifice a few points in yield, you’ll gain the ability to access your funds at any point without paying a penalty, which is...
Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.
The High Yield Savings account offers 0.61% APY with no monthly fees or monthly balance requirements. With interest compounded daily and a free ATM card upon request, it's a flexible account to park your rainy day fund. To open the account, you'll need a minimum balance of $250. High ...
A CD can offer better rates than a high-yield savings account, butCDs worka little differently than savings accounts. With a CD, your money is earning interest at a fixed, guaranteed rate, but if you withdraw the money before the end of its term, you may pay a penalty. Are Individual ...