News

CD vs. money market account: What experts say to consider now CDs and money market accounts are both interest-bearing deposit accounts you can find at banks and credit unions, and both offer ...
$10,000 money market account at 4.32% over six months: $213.72 Difference between the two accounts: The money market account makes around $1 more ...
UFB Direct Portfolio Money Market Account. 4.01% APY for all balance tiers, no monthly fee on a $5,000 balance (otherwise it's $10), six free withdrawals per month.
Savings account vs. CD As with money market accounts, savings accounts aren’t time-deposit accounts. Thus, you can make penalty-fee withdrawals, either unlimited or up to a certain amount as ...
A money market account typically offers a higher APY than most traditional savings accounts, plus you can easily access your money and you get the financial security of FDIC protection on balances ...
Scenario 1: The kids are 10 or more years away from college If you have an education savings account for kids who are 10 or 15 years away from needing the money, “there’s nothing that you need ...
I'll always have money in high-yield savings. But right now, I see a better long-term opportunity. Here's what it is -- and how you can capitalize on it, too.
Money market accounts currently offer interest rates that outpace inflation, which is holding at 2.8% — though that could rise if tariffs start to have an impact.
Take 72 and divide by your interest rate. The number you get is how many years it will to double your money So, if your HYSA offers 4% APY (which many do right now): 72 ÷ 4 = 18 years -- Your ...
Compared to those meager returns on a traditional savings account, high-yield alternatives can deliver more than 4.50% APY—turning a potential $50 annual return on $10,000 into $450 or more.
Let’s say you park $1,000 in a savings account at an interest rate of 0.61%, which is today's national average, according to Bankrate. Over the next year, at that interest rate, your savings ...
If you're looking for a place to keep $10,000 or more of your money now, a high-yield savings account is worth considering. Getty Images If you have an extra $10,000 in your savings account right ...