If you’re unsuccessful in opening a new account, you can ask the bank why this happened. Depending on the answer, you might want to go to ChexSyste...

Competitive banks and credit unions have a tendency to adjust their interest rates based on the Federal Reserve’s rate moves. Unlike CD rates, whic...

Most banks limit the number of times you can withdraw money from a savings account. Check with your bank to see its policy so that you’re not charg...

The IRS specifically says that interest earned on bank accounts is taxable interest. Interest is usually taxed as ordinary income. All interest inc...

The best high-interest savings accounts are usually found online. The best online banks tend to offer the most competitive yields on their accounts...

The main difference between high-yield savings accounts and traditional savings accounts is that high-yield savings accounts offer higher interest...

High-yield savings accounts, by nature, offer higher returns largely because they operate solely online. They do this because of the savings they g...

While online savings accounts offer some of the highest APYs, it's also more tedious to access your money than banking at a brick-and-mortar instit...

Interest rates on high-yield savings accounts are variable and can fluctuate at any time. In general, savings rates change every few months after a...

Yes, high-yield savings rates are increasing. Rates have increased throughout 2023 as the Fed raises its benchmark rate in an effort to tamper with...

There's a near-zero risk of capital loss when you open a savings account at an FDIC-insured bank, as your account is insured for up to $250,000. In...

You can withdraw funds from a high-yield savings account like you can a traditional savings account.

It used to be a rule that consumers could only withdraw or transfer cash out of a high-yield savings account up to six times per month without payi...

Interest accrued on a high-yield savings account is taxed as ordinary income. You must report the interest on your tax return for any account that...

The biggest con of high-yield savings accounts is that though they offer high interest rates, those rates can fluctuate at any time. Withdrawing mo...