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I want my bank accounts to be fee-free, high-yield, and trustworthy — and my 3 favorites perfectly fit the bill
High-yield savings accounts from Charles Schwab, Ally, and Capital One have low fees, high interest rates, and trustworthy institutions behind them.
Regardless of how many credit cards, kids, or houses you have, you can probably keep things simple with just two bank accounts.
2 types of savings accounts can help you earn up to 200 times more interest, and either one is a smart place to keep cash
A money-market account is a hybrid savings and checking account, with high interest rates and, sometimes, access to a debit card and checks.
A high-yield savings account helps money earn up to 200 times more, and there are 5 times using one is a no-brainer
A high-yield savings account is a good place to store money for short-term needs, like emergencies, travel, a down payment, or a wedding.
I’m a former bank manager. Here’s where I told my sister to put her savings in order to earn up to 200 times more.
They put her emergency fund in high-yield savings at an online bank, where earns interest of 2% or more — about 200 times what she'd been earning.
The best place to save money for a down payment keeps your cash safe but growing — up to 200 times as much as a regular savings account
In a high-yield savings account, you aren't exposing your cash to risk when you don't have the timeline to wait it out, but it's still growing.
I make saving money a priority by treating it as an expense. I pay for rent, food, and insurance every month, so I "pay" myself, too.
Saving money in a high-yield savings account rather than traditional checking account earns a small amount of interest, which compounds and grows.
My savings doubled in 2018, no thanks to some form of personal-finance wizardry: I set up automatic savings and kept it at a different bank.
When you automate contributions to your savings, investment, or retirement accounts, you're able to put away money from each paycheck with virtually no ongoing effort.