Overview of the best savings accounts
|Type of Savings||Best For|
|Traditional savings accounts||Traditional banking|
|Money market accounts||Above-average interest rates with easy access to funds|
|High-yield savings account||High interest rates|
|Certificates of deposit||Competitive interest rates|
|Specialty savings accounts||Goal savings|
Traditional savings accounts
Money market accounts
High-yield savings account
Certificates of deposit
Specialty savings accounts
Summary of savings accounts
|Type of account||Interest rates||Minimum deposit||Balance requirement|
|Traditional savings accounts||Low||None||None|
|Money market accounts||Above average||High||High|
|High-yield savings account||High||Low to none||Low to none|
|Certificates of deposit||Varies||Possible||Penalty for withdraws|
|IRAs||Varies||None||None, but penalties for early withdraws|
|Specialty savings accounts||Varies||Varies||Varies|
What to consider with a savings account
The bottom line
Reclaim Up to $610/Year in Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But, who has the time to look around for around a new company?
A website called CarInsurance.net makes it super easy to see if you’re getting the lowest price. All you have to do is enter your ZIP code and your age, and it’ll show you your options.
Using CarInsurance.net, people have saved up to $610 a year.
It takes just a few minutes to see how much CarInsurance.net could put back in your pocket. And the best part? Because we’re driving less, some insurers are slashing prices this month.