High Yield Savings Accounts
High yield accounts, which are sometimes called high Tiffany and co
interest savings accounts, offer even better savings than standard savings accounts. These specialized savings accounts work similarly to standard savings accounts, but there are usually tighter restrictions on the number of withdrawals you can make in a month.
Even with these restrictions, high interest banking accounts are an excellent, flexible option. Many banks make it easy to withdraw funds via debit cards, which are included with new accounts. Other features of high interest bank accounts include free online banking, email alerts and other tools that make it easy to manage your savings.
Other Types of Bank Accounts
It's also possible to save money with a checking account, although the yield on checking accounts is usually fairly low. Many banks also require an open savings account before they offer any other types of accounts, so looking for a standalone checking account probably isn't the best option.
Money market accounts and certificates of deposit are great options for long-term savings, although in either type of account, withdrawals are limited. Most money market accounts have a limit of about 6 withdrawals per month and may have lower yields than savings accounts in some cases.
CDs take a long time to mature, as they usually have terms tiffany and co jewelry
from 6 months to 5 years. You can't make any withdrawals during this time. A CD can have a relatively high yield, but a savings account is still a better option if you want easy access to your money for emergencies and unexpected expenses.
Getting the Most Out Of an Account
If you're setting up a new account for long-term savings, it pays to compare APYs and do some quick calculations before choosing your new account.
Try to figure how much you'll earn by making regular deposits. A savings account calculator can be helpful, as it will show how different banks' APYs will tiffany jewelry
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