Youth savings - schools often sponsor it
Most schools sponsor youth savings accounts by having them sign up while at school to avoid different charges. They usually have the students 'work' these transactions with the assistance of a credit union at school so students can learn how they are run.
Stock-indexed CD - rate rises and falls with the market
An indexed certificate of deposit (CD) is a savings account where the rate of return fluctuates with the up and down of the stock market. Depending on how the stock market is doing will determine the interest earned on the CD.
Credit Union - members own it
A Credit Union is a member-owned financial cooperative controlled by its members. When you are a member, you are being provided competitive rates and services for being apart of the Credit Union.
Online Account - minimal overhead means higher interest
Most online only savings account have higher interest rates because they have less overhead to pay for labor. These savings accounts do not require people to need a branch to go into or representatives available often.
