
CD vs. High-Yield Savings Account: Which Should I Choose?
Savings accounts give you more flexibility to make withdrawals, but CDs can offer higher interest rates.

Savings accounts give you more flexibility to make withdrawals, but CDs can offer higher interest rates.

Some banks offer bonuses for opening a new account, but there are details you should consider before you sign up.

Have your contact information and proof of identity ready, and be prepared to fund your new account.

Rates, fees and easy access to customer support are just some factors to consider when choosing a bank.

Get a direct deposit form from your employer, fill it in, attach a check or deposit slip, then submit it.

Choose a bank with low fees and high interest rates. Open the new account. List bill payments, deposits and services from the old bank, transition items from your list, then close the old account.

Opening a savings account for your child is a good way to introduce saving and budgeting concepts.

Joint bank accounts are owned by two or more people and are helpful for families and partners who want to manage money together.

Certificates of deposit can help with savings goals, but consider their pros and cons.

Online banks operate without branches. They tend to pay higher rates and charge lower fees than traditional banks.