Whether you have big or small financial goals, you want banking products that help you get there, right? If so, a High Yield Savings Account is a great option for you!
A High Yield Savings Account is a type of account in which you earn higher interest than a regular Savings Account.
What makes a High Yield Savings Account different?
A High Yield Savings Account is similar to a Savings Account in which you can easily access your money, transfer between accounts, and earn interest*. It’ll also help you reach your financial goals faster by offering an APY that’s 20-25 times higher than the national average on a Savings Account. Let’s put that into perspective!
If you put $5,000 into a Savings Account at .05%APY, you’d earn $2.50 after one year.
If you put $5,000 into a High Yield Savings Account at 3.04%APY, you’d earn $152 after one year.
What is the purpose of a High Yield Savings Account?
Life brings along many different reasons to save money, and a High Yield Savings Account can help you get there faster. Whether you want to purchase a big-ticket item, such as a car or home, or build up your emergency fund, this type of Savings Account is a great way to earn more while still having all the same features of a regular Savings Account.
How do I open a High Yield Savings Account?
It’s easy! You can open an account online or visit one of our 15 convenient branch locations to open one today. Get more details here.
Let your savings soar!
With so many different options to fit your banking needs nowadays, it can be difficult to know what's best for you and your financial situation. A High Yield Savings Account is a great way to build upon your financial portfolio and earn more along the way. Open an account today!
*Federally Insured by NCUA. Rates subject to change. See website for details.
