High-yield savings accounts can be used to save for a variety of large expenses. Some of the goals you might save for include: 1. A down payment on a home 2. Home renovations or repairs 3. A new car or recreational vehicle 4. Wedding expenses 5. New furniture You could also use a high-yield account to hold … See more A high-yield savings account is something you might consider if you want to set aside money for education expenses. Some of the expenses you could save for include: 1. Private school tuition and fees for elementary, middle or … See more High-yield savings accounts are also an attractive place to save money for vacations or travel. You might use a high-yield account to save for: 1. Flights 2. Hotel or resort stays … See more WebMar 31, 2024 · What Is a High-Yield Savings Account? A high-yield savings account is a vehicle for you to save money and earn higher-than-average interest on it. While the average savings account has a 0.37% interest rate, per the FDIC, you can expect to earn more with a high-yield savings account. Sometimes a lot more, especially with rising interest rates.

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WebCustomers Bank High-Yield Savings Account APY:2.50% Minimums:$25,000 minimum deposit (and minimum balance for APY) Fees:Available about ⅔ of the way down this page Notes: This is a simple and... WebMar 16, 2024 · The FDIC is an independent agency of the U.S. government that insures deposit accounts in U.S. banks and thrifts. The FDIC's purpose is to protect consumers' deposits in member financial institutions—so if a member bank fails, you can get your money back up to an eligible amount. The FDIC was created in 1933 in response to the … east mississippi community college job fair

16 Best High-Yield Investments for 2024 - Stash Learn

WebJul 12, 2024 · The FDIC typically insures up to $250,000 per unique beneficiary. (Beneficiaries can be a living person, nonprofit or other charity.) If you have a total of … WebSchwab New York Municipal Money Fund™: The taxable-equivalent yield assumes a federal regular income tax rate of 40.80%, which includes a Medicare surcharge rate of 3.8%, and New York state personal income rate of 8.82%. The combined rate of 49.62% takes into account that state income tax may not be deductible for Federal income tax purposes ... WebApr 6, 2024 · Member FDIC Annual Percentage Yield 3.50% on balances between $25,000 and $499,999. Minimum Deposit Requirement $100 Best Money Market Accounts We’ve compared 59 money market accounts at 44... cult who drank kool-aid