Best Online Savings, CDs, and Money Market Rates

  • Home
  • Savings
  • CD Rates
  • Mortgages
  • Bank Games
    • Bank Game: Financial Football
    • Bank Game: Road Trip to Savings will Make or Break You
    • Jet-Ski Your Debt Away
  • Articles
    • We Are Rich
    • Time or Money
    • 7 Correct Money Principles
    • A Penny Saved Is A penny Earned
    • Slash Spending – Boost Your Money Market Account
    • Save Money on Household Utilities by Going Green
    • Saving Money and Sanity with Realistic Savings Goals
    • Money Resolutions: 3 Steps to Keep Them
    • How to Earn 13 Times the National Average Savings Rate FDIC Insured
    • 3 Easy Rules for Saving Without Budgeting
    • Budget According To Priorities Not Impulses
    • How Market Linked Certificates of Deposits Work
    • 15 Money Saving Tips That Will Beef Up Your Savings Account
    • Simple Steps to Getting a Savings Account
    • Savings Tips for Thriving in the Recession
    • 10 Simple Ways to Save Money Now
    • Real Money Saving Tips- From Real People
    • Just What Is a Savings Account?
    • What is a Rainy Day Savings Account?
    • Money Market Account vs. Savings Account Comparison
    • How to Find and Reduce Hidden Expenses
    • Is Your Bank Doomed to Fail? 5 Ways You Can Protect Your Savings Account
    • Traditional IRAs
  • Home
  • Savings
  • CD Rates
  • Mortgages
  • Bank Games
    • Bank Game: Financial Football
    • Bank Game: Road Trip to Savings will Make or Break You
    • Jet-Ski Your Debt Away
  • Articles
    • We Are Rich
    • Time or Money
    • 7 Correct Money Principles
    • A Penny Saved Is A penny Earned
    • Slash Spending – Boost Your Money Market Account
    • Save Money on Household Utilities by Going Green
    • Saving Money and Sanity with Realistic Savings Goals
    • Money Resolutions: 3 Steps to Keep Them
    • How to Earn 13 Times the National Average Savings Rate FDIC Insured
    • 3 Easy Rules for Saving Without Budgeting
    • Budget According To Priorities Not Impulses
    • How Market Linked Certificates of Deposits Work
    • 15 Money Saving Tips That Will Beef Up Your Savings Account
    • Simple Steps to Getting a Savings Account
    • Savings Tips for Thriving in the Recession
    • 10 Simple Ways to Save Money Now
    • Real Money Saving Tips- From Real People
    • Just What Is a Savings Account?
    • What is a Rainy Day Savings Account?
    • Money Market Account vs. Savings Account Comparison
    • How to Find and Reduce Hidden Expenses
    • Is Your Bank Doomed to Fail? 5 Ways You Can Protect Your Savings Account
    • Traditional IRAs

Finding The Best Account For Saving Money For One Year

by

Best Account For Saving Money For One YearHow can you find the best account for saving money for one year? It comes down to doing your research and understanding the different type of investment accounts that are out there. For short-term savings like this you should consider a 1-year CD or a money market account. Earning as much interest money as you can will help you to maximize your ability to save and grow your investment in 12 months.

Chapter 1. CD Account

Opening an CD is a great way to help you save money. CD accounts provide you with a higher interest rate from traditional savings accounts and many other accounts. The interest rate for CD accounts fluctuates often but rates are typically locked in place on the account once you agree to the terms of the account. CD account rates are hovering around 1.15% with some banks, which can provide you with the highest interest rate out there for a short-term investment.

Chapter 2. Money Market Account

A money market account is another great investment option if you are trying to find the best account for saving money for one year. A money market pays an interest rate that can be 5 times higher from the national average found with a traditional savings account. When you compare rates on money market accounts you need to look at the account fees and deposit requirements that can reduce your ability to earn a higher amount for your savings goals. The best rates are going to come from a high interest money market account, which may require a larger deposit amount to open the account.

Chapter 3. Online Savings Account

If you want to have quick access to your cash, you need to consider an account that is easy to access. An online savings account is a great option. You will be able to earn a higher interest rate from what you see with a local bank’s savings account and you will also be able to have quick access to the funds if you do need to withdrawal it early.

Anyone that wants to find the best account for saving money for one year should consider these 3 accounts and compare rates to find an investment that will help you to grow your savings.

Filed Under: Best CD Rates, Online Savings Accounts, Savings Accounts, Savings Tips  Tagged: 1 year cd, best account for saving money for one year, best rates, cd, CD account, CD account rates, compare rates, high interest money market account, interest money, money market account, savings account, savings goals, traditional savings account

Money Matters

  • Compound Interest Money Market Calculator
  • Saving Money On Investment Fees
  • Protected: This Week’s High Yield CD, Savings & Checking Deals
  • Tips To Dine Out For Less
  • Don’t Let Uninvited Guests Ruin Your Interest Rate Party
  • Pay Less At The Pump
  • 6 Ways To Save Money On Your Utilities

© 2004-2021 Copyright. RateCatcher.com · All Rights Reserved ·