High Yield Savings Accounts Quiz

Why is it important to choose the right savings account in 2025?

• To get a free credit card

• To maximize interest earnings

• To avoid paying high fees

• To receive monthly bonuses

What is a key feature of the Capital One 360 Performance Savings Account?

• It has no fees or minimum deposit requirements

• It offers a fixed interest rate

• It provides a free credit card

• It requires a high minimum balance

What condition must be met to earn the highest interest rate on Sofi's savings account?

• Use the Sofi credit card

• Make monthly transfers

• Set up direct deposit

• Maintain a minimum balance of $5,000

What unique feature does Ally Bank offer to help organize savings?

• Cashback rewards

• Buckets and boosters

• Free financial advice

• Monthly interest bonuses

What is a benefit of the American Express high yield savings account?

• It provides free travel insurance

• It has a fixed interest rate

• It requires a high minimum deposit

• It offers a rewards checking account

What is a notable feature of Discover's checking account?

• It offers free international transfers

• It requires a monthly fee

• It offers 5% cashback on all purchases

• It provides 1% cashback on up to $3,000 in debit card purchases each month

What potential change is anticipated for Discover in early 2025?

• An acquisition by Capital One

• A merger with Sofi

• A new rewards program launch

• A partnership with American Express

What is a characteristic of cash management accounts mentioned in the video?

• They require high minimum deposits

• They are traditional bank accounts

• They are structured to be primarily online

• They offer low interest rates

Which bank offers a mileage savings account as mentioned in the video?

• Discover

• Bas Bank

• Sofi

• Capital One

What is a risk associated with fintech cash management accounts?

• They offer no interest

• They may face issues with third-party middlemen

• They are not regulated by any authority

• They have no FDIC insurance