Online savings accounts rose because digital banks can offer higher yields and faster tools by cutting branch overhead. Today they pair competitive APYs with mobile features and FDIC protection - but rates and services vary, so check terms before you move funds.
Modern online trading platforms provide professional-grade charts, real-time data, a wide range of assets (stocks, ETFs, options, bonds, and more), automation tools, and mobile access. Evaluate execution quality, security (2FA, SIPC/FDIC arrangements), and fees beyond headline commission rates.
Money market funds offer liquid, low-volatility exposure to short-term debt. They're useful for emergency cash and short-term parking of funds, but are not FDIC-insured and carry some inflation and credit risk.
Secured credit cards require a refundable deposit as collateral. They can help build credit, but fees, APRs, reporting, and graduation policies vary - ask specific questions before you apply.
Prepaid cards let you spend only the money you load, require no credit check, and work well for parents teaching kids or for people without bank accounts. They do not build credit; compare fees and features before choosing one.
An updated overview of common checking-account types - basic, interest-bearing, rewards, free/no-fee, joint, student, and senior - plus practical factors to compare before opening an account.