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Where the national average is 0.41% for a savings account at a traditional bank, yields at digital banks go up to 4.00% or more for high-yield savings and money market accounts. You won’t pay ...
Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
From a safety perspective, money market accounts are also considered deposit accounts, meaning they carry the same $250,000 FDIC insurance as CDs and savings accounts.
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Account Monitoring and Alerts: Online banks keep a watchful eye on your account activity and will send you real-time text alerts (you have to opt in) of things like withdrawals and transfers, so ...
Some of the advantages of savings accounts are: Safety: Money kept in a savings account at an FDIC-insured bank or an NCUA-insured credit union is insured for up to $250,000 per account owner, per ...
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