4. Invest Some of Your Money, or Place It in a High-Yield Savings Account If you’re saving money for something you don’t expect to purchase for at least two or three years, like a house, you might consider contributing to a mutual fund, which generally has a higher rate of return ...
If you need more regular access to your funds, money markets and high-yield money markets are other great options that tend to offer a higher interest rate than a standard savings account. If you need more help balancing your borrowing and savings goals, consider scheduling an appointment...
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products,...
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Money markets and high-yield money markets are considered liquid and earn interest over any period, so these accounts can be a great way to boost your emergency fund by offering an interest rate typically higher than a traditional savings account while also being able to access your money when...
2Annual Percentage Yield (APY). The interest rate and APY are effective as of January 27, 2025 and are subject to change. A penalty may be imposed for early withdrawal. Withdrawal penalties are as follows. For a 6-month term, the penalty is 3 months’ interest. For a term from 7-12...
Money marketsandhigh yield money marketscan provide a great opportunity to earn more than a traditional savings account and also provide flexibility when you want to make a withdrawal or deposit additional funds. The key differentiator between the two accounts is that those who have a la...