Currently, rates at the best high-yield accounts earn around 5% APY. Alternatives to high-yield savings accounts. High-yield savings account vs money market .
You've got choices when it comes to where you keep your savings. We walk you through your options, such as money market accounts and cash management accounts. Learn about the pros and cons of alternative savings accounts so you can open the right account for your needs.
Trying to choose between a money market account versus a savings account? Since an MMA is a type of savings account, the choice isn’t so much between two very different kinds of accounts. It's more of a question of what type of savings account is best for you.
Both bank deposit accounts typically earn interest, but there are some differences between the two. Money market accounts typically offer debit cards and the ability to write a few checks each month, while regular savings accounts don’t. But high-yield savings accounts have also their advantages that could make them the better choice.
