Online savings accounts tend to offer better interest rate than regular savings accounts, but there are some alternatives that are geared specifically towards home buyers.
When it comes to the APY and fees,
online savings accounts tend to outshine the PNC Bank Standard Savings Account.
Not exact matches
But Musk doesn't
tend to follow normal rulebooks, and he plunged three quarters of his net worth into his new idea, an outrageously bold plan to build essentially an
online bank — replete with checking,
savings, and brokerage
accounts — called X.com.
Online banking is often free, and these banks
tend to pay higher interest rates on
savings (and even checking)
accounts than brick - and - mortar banks.
Money market
accounts tend to offer higher interest than
savings accounts, although high yield
online savings accounts bridge that gap.
Because a
savings account tends to see less activity than a checking
account, you may not require extensive in - person bank services, and
online savings may be a good choice.
Ally's
Online Savings Account interest rates don't tend to fluctuate, making this a reliable option for s
Savings Account interest rates don't
tend to fluctuate, making this a reliable option for
savingssavings.
Compare it to some of the top
savings accounts offered by
online banks, which
tend to charge fewer fees while offering higher
savings rates.
However, the opposite is true
online: the interest rates on money market
accounts at
online - only banks
tend to be higher than those on brick - and - mortar banks, but lower than rates for
online savings accounts.