High Interest Savings

Snowball can make it easy to begin learning about High Interest Savings and other personal finance terms.

Get Started Today

Categories

personal finance

Related Articles

Savings

Budgeting

High Interest Savings

A high interest savings account is a type of savings account that has a higher interest rate. They are usually offered by banks that have an online only presence and thus are able to provide higher interest rates. They are usually around 2% APR but can vary. The advantage of using a high interest savings account is that it is "liquid" and you can make deposits and withdrawls whenever you want. This type of account is popular to use for emergency savings accounts.

snowball student debt product

Want to start learning or curious about investing?

Try our investing product and learn the ins and outs of investing regardless of if you live in %%STATE%% or anywhere else. Snowball Wealth tracks investing trends in %%CITY%% to help you navigate the investment world!

Start Learning Today