TessMore Finance Blog

When it comes to savings accounts, where do you even begin? Do a quick search, and you’ll find many savings accounts with different options with varying percentages, monthly fees and minimum requirements. Not to mention the many types of financial institutions themselves — online-only, banks and credit unions — and it can get overwhelming fast. Keeping this in mind, we’ve rounded up the best savings accounts — including ones at online banks and traditional brick and mortar — of 2021. We’ve included top information you need to know before opening or switching an account. And before we move on, yes , we recommend that Penny Hoarders have a savings account — keeping your cash in a box under your bed is not a solid, or safe, financial plan. We want you to feel empowered so you can get the best proverbial bang for your buck. We’ve ranked the very best savings accounts available today to help get you started. Our Picks for the Best Savings Accounts Account Minimum Balance APY

Straight out of college, I was thrilled to land my first job teaching kindergarten through eighth-grade music. It was perfect. Except for one thing: It was part-time. Like many recently graduated music teachers, I wasn’t left with many options except a $20,000-per-year job in which I worked only about 25 hours per week. Though I thought I could make it work, I was back to living on ramen noodles by September. It definitely wasn’t what I had envisioned my post-college professional life to be. Then I saw the sign — a literal sign: “HIRING NOW FOR THE HOLIDAYS!” I was skeptical at first about the idea of retail work — I had a college degree, after all. Plus, I was a teacher who was pretty darn good at her job, if I do say so myself. Why would I want to work a seasonal retail job in my off hours? The Benefits of Part-Time Work   In the end, my rumbling stomach (and looming monthly rent payment) won — I took a job working as a cashier at one of the busiest stores in the United Sta

Prema Choudhury’s love for tutoring started at an early age. Her Bangladeshi-American parents are both educators who have been offering free tutoring to kids from their Bronx community for years. “Before bedtime, my mother would tape a multiplication table next to my bed so I could absorb the information easily.” Prema, now 29, smiles at the memory. “It was a brilliant idea, actually! The table was the first thing I would look at in the morning and the last thing I would look at before falling asleep.” Visit Our List of Best Business Loans Compare Your Options Starting a Tutoring Business Prema and her cousin, Preeti Choudhury, recently co-founded ScholarSpace, a tutoring center in the Bronx. Their goal is to provide tutoring and test-preparation services at affordable prices compared to their competitors. ScholarSpace’s two-hour-long sessions run as low as $5 an hour, though prices vary by grade. Prema and Preeti sensed a deep need from their community, which is mostly made up