Some other reasons to consider a high-yield savings account include: Safety: As noted, most high-yield savings accounts are either FDIC or NCUA insured for up to $250,000.

A money market account is a deposit account you open at a bank or credit union. Money market funds, on the other hand, are a type of mutual fund you can use to invest in short-term debt.

Rates on savings accounts are the same compared to one week ago. You can now earn up to 5.84% on your savings. Searching for ...

You'll be covered for up to $250,000 per bank for each category of deposit account. In other words, you could deposit up to $250,000 in a high-yield savings account in one bank and an additional ...

How to earn the bonus: SoFi Checking and Savings account holders who sign up and set up direct deposit can get a cash bonus of up to $300. Direct deposits must be made within a 25-day bonus period.

The Federal Deposit Insurance Corporation (FDIC) insures online savings accounts and brick-and-mortar banks. If the bank has FDIC insurance and fails, up to $250,000 per account holder per account ...

For example, the Discover Online Savings Account pays out 3.70% APY with no minimum deposit, while the Barclays Bank Savings Account reserve its highest 4.40% APY tier for balances of $250,000 or ...

Money in a savings account is federally insured up to $250,000 per account owner, per ownership category, when a bank or credit union is insured by the Federal Deposit Insurance Corp. (FDIC) or ...

A payable-on-death account and other types of deposit accounts, where funds pass to specific beneficiaries when the owner dies, can be insured up to $100,000 per beneficiary ($200,000 if there are ...

Once you load money into your account, you can use this prepaid card to make purchases, pay bills and receive direct deposit. There’s even an option to set up an FDIC-insured savings account.