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Westend61/Getty Images Interest rates may be holding steady, but savings account rates are still going up at some banks. Vio Bank raised the yield tied to its High Yield Online Savings Account to 2.52 percent APY. The change comes one week after another online bank, Salem Five Direct,...
Gorodenkoff/Adobe StockPeople searching for a high-yielding savings account with a low minimum opening balance have a new option at the top. Salem Five Direct recently increased the annual percentage yield (APY) on its eOne Savings account to 2.51 percent, giving it the highest APY on a...
Hero Images/Getty Images When it comes to their personal finances, Americans largely wish they could go back in time and do some things a bit differently. Bankrate’s May Financial Security Index survey finds more than three out of four Americans (or 76 percent) say they have at...
Shurkin_son/Adobe Stock If you haven’t opened an online savings account, you’re likely missing out on extra cash. Without the overhead expenses that come with operating a branch, digital banks can pay more interest. Today’s best online savings accounts pay more than 2 percent APY. By opening one...
Nick David/Getty Images Kindergarten is a time when your child enjoys show-and-tell and nap time. It’s also when you may consider opening a savings account with your son or daughter. Your child doesn’t have piles of money to stash away into a savings account. Yet, opening an...
@gvalencia04/Twenty20 The 18-year clock starts ticking the moment your child is born. A college degree, despite the rising cost of tuition, remains a major achievement in the modern economy. You are more likely to have a job and earn a decent salary the more education you receive. Yet...
Sean Pavone/ShutterstockPeople living in areas with high housing costs could forgo all nonessential expenses for three years, religiously saving their extra dollars month after month, and still not accumulate enough cash for their recommended emergency fund, based on the 2019 Bankrate Study of the Best...
@lelia_milaya/Getty Images As interest rates rise and banks slowly begin offering better yields, where are consumers placing their bets? Are they rushing into certificates of deposit or dumping their cash into savings accounts? For the first time in years, there’s a nationally available savings account paying 2...
Sean Pavone/Shutterstock How much do you need in a savings account to be financially secure? This isn’t an abstract question or riddle. The size of your emergency fund should be as familiar to you as your salary or your mortgage rate. Unfortunately, Americans simply are not saving...
Burlingham/Adobe Stock Park your savings into the average account, and you’ll miss out on money. The national average savings account pays a paltry 0.1 percent annual percent yield, according to Bankrate data. If you put $10,000 into savings, you would earn $10 in year one. Luckily, you have...