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0.000136444262518637 0.000135079819893598 0.000818665575112598 0.00150088688770636 0.000409332787556299 0.0012279983626689 0.00109155410015007 0.00109155410015007
Stock impact report

When flexibility beats yield: Savings accounts that make the trade-off worth it [CNBC]

Synchrony Financial (SYF) 
Last synchrony financial earnings: 4/21 06:30 am Check Earnings Report
Company Research Source: CNBC
High interest rates get a lot of hype (including from us at CNBC Select ), but they aren't always the best choice for everyone. In some situations, accepting a lower savings return, or annual percentage yield ( APY ), can actually make more sense. This might be the case if you need quick access to your cash, have a short savings timeline, struggle to meet account requirements, or you simply prefer banking with a well-known institution. In these scenarios, flexibility can matter more than squeezing out a higher return. Here's more on when flexibility trumps a higher APY. You need quick access to cash If you rely on quick access to your savings for essentials like rent but your high-yield savings account makes you wait days for a transfer to your checking account, it's not worth it. You're better off with a savings account that offers instant transfers or a debit/ATM card linked to your savings. A savings account through a big-name bank will also have branches you can visit in Show less Read more
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