Savings
Plain English guides to high yield savings accounts: how they work, what they earn, safety, taxes and bank reviews, with every rate dated.
-
Is SoFi Bank Legit? How SoFi Became a Bank and How Your Money Is Protected
SoFi Bank, N.A. is a nationally chartered, FDIC insured bank in Utah. Here is how SoFi became a bank, how deposits are insured up to $3 million, and what it takes to earn its top savings rate.
-
Are High Yield Savings Accounts Taxed? How Savings Interest Is Taxed
Yes: interest from high yield savings, CDs and bank bonuses is taxable. Here is how it is taxed, when you get a 1099 INT, how CDs differ and how to estimate what you will owe.
-
How to Insure More Than $250,000: FDIC Limits Explained
FDIC insurance covers $250,000 per depositor, per bank, per ownership category. Here is how joint accounts, beneficiaries, IRAs, more banks and deposit networks can protect much more.
-
How Much Interest Will $100,000 Earn in a High Yield Savings Account?
What $100,000 earns in a year at today’s top high yield savings rates, vs. the national average. Plus monthly interest, 5 year growth, taxes and how to keep it all FDIC insured.
-
Is Western Alliance Bank Legit? Who It Is and How Your Savings Are Protected
Western Alliance Bank is a Phoenix based, FDIC insured bank with about $98.6 billion in assets. Here is who it is, what happened in 2023 and what its savings account offers.
-
Peak Bank vs. Western Alliance Bank: Which No Rules Savings Account Pays More?
Peak Bank Envision and Western Alliance Bank High Yield Savings Premier both pay one rate with no monthly rules. We compare APY, minimums, transfer holds, joint accounts and the banks behind them.
-
How to Open a High Yield Savings Account in 6 Steps
How to open a high yield savings account online: what to compare, what you need to apply, how to link and fund it, how long it takes and mistakes to avoid.
-
Best High Yield Savings Accounts With No Minimum Deposit
High yield savings accounts you can open with $0, compared on APY, monthly rules, access to your money and fees. Start earning on any balance.
-
Is Peak Bank Legit? Who Runs It and How Your Money Is Protected
Peak Bank is the online division of Idaho First Bank, an FDIC insured bank in McCall, Idaho. Here is how your money is protected, what it pays and what to watch for.
-
Ivy Bank vs. Always.bank: Which Savings Account and CDs Are Better?
Ivy Bank vs. Always.bank: two online divisions of long established community banks, compared on savings APY, minimums, CD rates by term, penalties and apps.