Chase and Bank of America are two of the largest banks in the country, offering all banking services. Which should you choose based on checking, savings, CDs, and money market accounts?
There are two interest rates posted with nearly every interest-bearing instrument: interest rate and annual percentage yield (APY). APY is the most important to you as an investor. Here’s why.
Both money market accounts and certificates of deposit (CD) offer opportunities to earn higher interest than a regular savings account, which can boost savings.