Is a savings account worth it?

Depending on your needs, yes – a high-yield savings account can be a worthwhile place to put at least some of your money. High-yield savings accounts are a good place to keep money – especially funds you may need to access on short notice – because they provide three key benefits:

• Your money is safe. Funds in a credit union high yield savings account are federally insured by the NCUA up to $250,000⁴.
• Your money has a guaranteed rate of return. Savings accounts promise a guaranteed rate of growth – in the form of dividends. While it may be more modest than the return you could receive elsewhere, there's low risk involved, and your savings are certain to grow over time.
• Your money is accessible. Funds in a high-yield savings account are liquid – you don't have to sell anything or make a complicated transaction to get to your money. And with Affinity, you can use your ATM card to get cash from your savings account at any ATM or transfer money any time using the Affinity Mobile Banking app.

Can you earn money with a high-yield savings account?

Yes, because you’re guaranteed a certain rate of return on your high-yield savings account.