How to Choose the Best High-Yield Savings Account for You
If you have extra cash to stash away—either for an emergency or as the beginnings of a nest egg—a high-yield savings account can be a great option, providing an effortless way to build your savings.
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What is a high-yield savings account?
The account most of us use on a day-to-day basis is a checking account. These financial workhorses are the best place to put money you plan to use for spending on everyday expenses, and the best checking accounts make it easy to perform transactions and cash-management activities like bill-paying and budgeting.
A savings account, on the other hand, is a place for money you don’t expect to spend at the moment but want to have accessible if the need arises. Many savings accounts limit the number of withdrawals you can make on a monthly basis, and may assess a fee if you go over that limit.
How to choose a high yield savings account:
If you’re looking for the best high-yield savings account, it makes sense that you’d start with the interest rate—but don’t stop there. There are a few other important variables that distinguish high-yield savings accounts from one another.
For instance, if you want to bank with an institution that lets you walk in and ask somebody a question, trying to do all your money management via an app on your phone screen might be a frustrating experience. That's where Cabrillo Credit Union comes in.
Look for a good interest rate?
Let Cabrillo Credit Union help you find the best credit union cd rates in San Diego. Our Share Certificates are the perfect way to earn more on your savings.
Our 6-Month and 12-Month Share Certificates offer competitive rates of as high as 4.59% APY*, helping you get the most out of your savings.
With our Share Certificates, you can start earning more interest right away!
($2,000 - $9,999)
| Term |
Rate |
APY |
| 6 months |
4.00% |
4.07% |
| 12 months |
4.50% |
4.59% |
($10,000 - $49,999)
| Term |
Rate |
APY |
| 6 months |
4.00% |
4.07% |
| 12 months |
4.50% |
4.59% |
($50,000+)
| Term |
Rate |
APY |
| 6 months |
4.50% |
4.59% |
| 12 months |
4.50% |
4.59% |
San Diego Credit Union Savings Account
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*Annual Percentage Yield (APY) is accurate as of 07/26/2023. A penalty may be imposed for early withdrawals. Early withdrawals and fees may reduce earnings. Terms and conditions disclosures available at account opening. Minimum deposit of $2,000.00 required to open an account and obtain APY. Offer may be withdrawn at any time and rates are subject to change without notice. Federally insured up to $250,000 by NCUA.