Ask Terry Questions Digital savings account

Digital savings account

By Terry Savage on December 19, 2023 | Chicken Money

I am trying to put $10,000 into savings account that has a high interest rate and found a digital savings account thru Capital One with a 4.35 interest rate. Is this safe to do in a digital account ? The reason is so that I can get to my money as well as getting a high interest rate !! What should I do !! I really don’t know a lot about digital banking please point me in the correct direction and Merry Christmas Terry

Terry Says

ALL banking is “digital” these days — in that you get access to your accounts safely on your computer. If you’re willing to tie up your money for 6 months, here’s how to get at least 5.35%:

If you want immediate access to your money, chose an FDIC-insured money market deposit account. I’m not quite sure which Capitol One account you’ve found, but make sure it is FDIC insured, with access via debit card or check.



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