Do you have some extra cash lying around that you would like to earn some interest on? Or maybe you have a short-term savings goal you want to reach?
This means more interest earned on money you are already trying to save. So if you are looking for a safe place to put your money, whether it be for a couple of months or a few years, a high-interest savings account is a great option.Article contentA high-interest savings account, or HISA, is a type of savings account that paysthan a typical savings account.
Some common conditions to look for when choosing a high-interest savings account include account minimums. For example, interest might only be calculated if your account has a minimum balance, such as $5,000. EQ Bank is an online-only bank and falls under Equitable Bank. As an online bank, it doesn’t have to worry about the same overhead costs as brick-and-mortar financial institutions so it’s able to pass those savings on to customers.Article content