Although many big, traditional banks offer savings accounts with paltry interest rates as low as 0.01 percent, you can find accounts with rates well above 4 percent, mostly at online-only banks ...

Hence, traditional accounts earn so little ... a cash deposit for your initial deposit instead. High-yield savings account definition FAQs It indicates an expandable section or menu, or sometimes ...

This includes basic savings accounts from traditional banks like Bank of America and Chase. Now, we don't want to knock these savings accounts entirely. There's a reason traditional banks are the ...

CDs and high-yield savings accounts both earn more than traditional savings accounts. CDs require you to lock in your money for the duration of your term. Fluctuating interest rates play a key ...

A certificate of deposit, or CD, is a type of savings account that allows you to earn interest over a term of several months or years. CDs often pay out higher interest rates than traditional ...