You deserve an online bank that is specially designed and crafted for you. Zil is simple and easy to use, and you can get everything you need to start reaching the peak of your savings goals. If you are looking for a bank with a high-yield savings account that fits your business, your search ends now. It’s quick and easy; many powerful built-in tools can help you grow your business more. Zil is ready to help you every step of the way.
What Is a High-Yield Savings Account?
A high-yield savings account is similar to a savings account but pays a much higher yield on your money. Zil strives to make smarter financial decisions; there is no better place to store the money you yield than in a high-interest savings account. It also offers better deals than traditional banks.
No Minimum Deposit/Balance Is Required
As a freelance startup owner or solopreneur, an amount to open or deposit in the bank is beyond dreams. As we know, beginning a business requires a lot of physical and financial preparations. Banking is one of the most significant daily headaches to resolve and revise. The minimum deposit amount varies from bank to bank; some banks require nothing to open an account. Zil is one such bank; we don’t need any initial charges or deposits. Online banks often require no minimum opening deposit, no minimum balance, and no monthly maintenance fees.
Are High-Yield Savings Accounts Secure?
Safety is the highlighting feature of a high-yield savings account. The best high-yield savings accounts typically pay a much higher APY (Annual Percentage Yield). With high-interest rates and an unpredictable, changing market, it may be challenging to find a savings account with viability. Therefore, those seeking the services of a high-yield savings account should consider CDs. A CD is reliable for regular bank income and accessible for idle funds without service fees.
Why Do You Need a High-Yield Savings Account?
High-yield savings accounts offer higher interest rates than traditional savings accounts. These accounts are popular because they are accessible by online banking. Savings accounts are easy to access, making them a significant emergency fund. A high-yield savings account may be a strategic component of your financial plan. If you want to save for something that is coming up, like a car or a trip, it might be helpful to use a savings account with a higher interest rate.
If you are looking to open a high-yield savings account, you should make sure about:
- Interest rate
- Withdrawal limits
- Deposit options
- Initial deposit amount
- Minimum deposit amount
A high-yield savings account is a place to store your income in the short term since they are federally insured and easy to access. It’s like a traditional savings account, except you get a more robust return on your money.
Nurture Your Business with High Yield Savings Accounts
Zil makes the most of your business banking relationship with accounts that help to enrich your business and to bring your goals into reality. It is crafted to nurture your business with features designed to add convenience and flexibility to your business. To make your finances more accessible, you can use Zil to manage your business checking and savings. With this bank, you can easily transfer funds and complete control over all transactions.
Empowering Your Lives with Zil
Businesses are empowering society in many ways. Zil is focused on helping you succeed in the long journey of business. Enroll in online banking and enjoy features that matter to your business. You can control your finances by analyzing statements, monitoring activities, paying bills, and conducting transactions in just a few clicks. It also offers convenient banking facilities with security features.
High yield savings accounts can be an important place to stash cash you will need for a great future purchase or to simply weather any financial emergencies that arise in the succeeding days. If you choose the wrong savings account, you won’t be able to save anything after inflation and possible fees. Moreover, sometimes you could even lose money. Do we have a solution for this? Instead of opening whatever savings account your current bank is offering, take a look at high-yield savings accounts from Zil and open the best-paying one that meets your needs. Opening a high-yield saving account online generally takes less than 10 minutes, which will be a great asset for your business.
Open a High-Yield Savings Account
Freelancers, startup owners, modern business founders, or solopreneurs can open a high-yield savings account if you are looking for an acceptable bank being online-only and offering all the services of a conventional bank and additional features. A high-yield savings account is suitable for your business without minding the inconvenience of having multiple accounts at different banking institutions.
A high-yield savings account can be ideal for your business if you want to leave some extra money in the bank. You can see it growing more than in a regular savings account. It can be used for an emergency fund or to save up for large purchases for your business.