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Sure, high-produce offers account is safe while they typically were insurance rates and you will security features. The fresh FDIC and you may NCUA manage deposits from the covered associations thus users don’t eliminate their cash in case there is inability, with a simple coverage limit out of $250,100 for each and every depositor. The new Varo Savings account, and this requires an excellent Varo bank account to open up, made our listing due to the absence of charges and you can nice APY. With this payment-free account, all the balances secure a dos.50% APY.

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