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.

Historical Savings Account Interest Rates A quick note on data: The FDIC posts monthly national deposit rates for various savings vehicles going back to 2009. The national rate is defined as ...

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 ...

A CD can help you lock in a high rate or save for future goals, but a money market account offers other benefits.

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 ...

Most consumers would benefit from using PayPal alongside a traditional bank rather than as a replacement. PayPal can handle ...

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 ...

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.

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 ...