What Type of Savings Accounts Are Available for New Grandchildren?

Answer Savings accounts can provide a nest egg for your grandchildren's future needs. The money will have years to grow in value and earn compound interest. Whether you're saving for your grandchild's edu... Read More »

Top Q&A For: What Type of Savings Accounts Are Available for...

Do escrow accounts need to be in savings accounts?

Escrow accounts are held by third parties and are designed for savings so that bills, such as taxes for mortgages, can be paid, according to Lenders determine whether or not borrowers mus... Read More »

What are online savings accounts?

A savings account is a type of banking product designed to help consumers save for major purchases, retirement or the cost of unforeseen events. An online savings account provides an alternative to... Read More »

What is the difference between APY and APR in savings accounts?

A savings account allows you to save money over a long period of time. The longer you save, the more money you earn in interest. APY and APR help determine the amount of interest you can earn over ... Read More »

What is the best savings account available?

On One Hand: Save OnlineOnline savings accounts can offer interest rates of up to 2.51 percent, according to These high-yield accounts are offered by real banks and are backed by t... Read More »