Here are some factors you might not have considered.
Do You Need Brick-and-Mortar Locations?
Is a Credit Union a Better Fit?
Your community likely has at least one credit union offering savings accounts.
Though credit unions have specific eligibility requirements for joining, you might likely find a way to join.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
Many credit unions offer higher APYs for savings accounts and also pay dividends to their members.
Not sure if a credit union is right for you?
Use our guide tocredit unions vs. banksto make the call.
How Often Do you’re gonna wanna Make Cash Deposits?
How Much Do You Plan to Keep in the Account?
when you obtain reached your target savings goals, youre probably better off investing your money.
How Often Do You Transfer Funds?
Federal law limits the number of withdrawals from a savings account each month to six.
Some savings accounts observe this hard limit, while some permit excess withdrawals for a fee.
A select few waive any fees as part of their account benefits, allowing you theoretically unlimited withdrawals.
However, remember that savings accounts are not meant to operate like checking accounts.
Do You Want to Have Your Checking and Savings Account at the Same Place?
So why would you possibly not keep your checking and savings at the same bank?
Some banks offer checking accounts with higher APYs and better features, and others have more competitive savings accounts.
What Rewards Can You Get for Opening a New Account?
You might be surprised to see how many cash bonuses banks offer for opening a new savings account.
you might also browse these rewards online.
So should you choose a savings account based on a promotional offer?
What Do the Reviews Say?
But dont forget about social media.
Ready to ditch your current savings account for a better option?
Here are ourfavorite savings accounts.
Timothy Moore leads a team of editors and graphic designers at a market research company as his full-time gig.
His work has been featured on Debt.com, The Ladders, Glassdoor and The News Wheel.
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code
