To make your initial deposit, you may need to link an external bank account to transfer money electronically. Is my money safe in a savings account? Yes, provided your money is insured by the Federal Deposit Insurance Corp. or the National Credit Union Administration. » Dig deeper: Learn ...
Find the best savings account for your financial goals based on interest rates (APY), monthly fees, free ATM access, & other features.
Whether opening an account online or in a bank or credit union, you'll likely be asked for similar information. Learn more Pros and cons of a savings account Savings accounts, like all financial tools, come with benefits and risks. It's wise to weigh the pros and cons to see if one...
Parts of Arizona, California:Meriwest Credit Union 2.50% savings account on up to $5k [must be opened within 30 days of joining] Arizona Branches:Sunwest Credit Union 5.12% APY 12-Month CD (Unlimited) Alabama:Guardian Credit Union 4% APY On Balances Up To $30,000 Ultimate Checking Account...
How does a savings account work? You’ll open asavings accountat a bank or credit union, either online or in person, similar to opening a checking account. Provide the institution with personal information and then deposit money into the account. Simple, right?
As another solid option, a Pentagon Federal Premium Online Savings Account also has the fourth-highest APY on our list. However, since Pentagon Federal is a credit union, deposits are insured by the National Credit Union Administration (NCUA). Since the NCUA is also a branch of the U.S. ...
Pentagon Federal Credit Union, or PenFed, offers high interest rates for its premium online savings account – currently 2.70% APY. Because the credit union is a non-profit, it can provide a higher rate as a way to give back to its members. ...
You can open a savings account for a baby, or a child of any age, typically with joint ownership or control. Here are answers to important questions about your child’s first account.
MMAs are on-demand, interest-bearing accounts held at a bank or credit union. Deposits of up to $250,000 are FDIC-insured if at a bank and National Credit Union Administration (NCUA)-insured if at a credit union.4 An account's interest rates can depend on your account's amount. To...
How to Open a High-Yield Savings Account After comparing the best high-yield savings account and landing on a choice, the next step is to open the account online. Here's how that generally works: The bank or credit union will ask you to provide various personal information, including your...