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High Interest Savings Account

High Interest Savings Account

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High-interest savings accounts offer up to 5-6x the national average interest rate and can be found at online banks. Customers can earn more without having to think about it once it's set up.

Category:Passive Income


The average interest rate for a High Interest Savings Account is 0.90%.

A high interest savings account can be opened by meeting a few requirements. Find a bank or credit union that offers high interest rates. Then, deposit a certain amount of money into the account. To avoid fees, keep the account balance above a certain amount.

⚠️Potential Risk
There is a potential risk of making money with High Interest Savings Account if the account holder does not have a solid understanding of how the account works. Without this understanding, the account holder could end up losing money instead of making money.

📋Places to Start
1. Discover — a website that helps people manage their money and find the best way to save and make money. It offers a High Interest Savings Account that allows users to earn interest on their deposited money.

2. Citi — a company that provides financial services, including High Interest Savings Accounts, to help people make money.

3. Salliemae — a bank that offers a high interest savings account which allows users to make money by saving.

4. Axos Bank — a bank that offers high interest savings accounts, which can help you make money.

5. Marcus By Goldman Sachs — a High Interest Savings Account that allows users to make money with a high interest rate.

6. Ufbdirect — an online bank that offers a high interest savings account. You can make money with Ufbdirect by saving money in your account and earning interest on your deposits.

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