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- Some of the common types of savings accounts are123:
- Traditional savings account: a basic account that pays a low interest rate and has few fees.
- High-yield savings account: an account that pays a higher interest rate than a traditional savings account, but may have more restrictions or fees.
- Certificate of deposit: an account that locks in a fixed interest rate for a set period of time, but charges a penalty for early withdrawal.
- Money market account: an account that pays a variable interest rate based on the market, and may have higher minimum balance requirements or offer limited check-writing privileges.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.These can include traditional savings, certificates of deposit, high yield and student savings accounts.www.chase.com/personal/banking/education/basic…Types of Savings Accounts
- Traditional Savings Account A traditional savings account is the most basic type of savings account. ...
www.usnews.com/banking/articles/types-of-saving…The options include traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts and specialty savings accounts.www.forbes.com/advisor/banking/savings/types-of … - People also ask
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