Savings accounts
Working with an Edward Jones financial advisor who knows your situation can help you with your savings needs today and your plans for the future.
Insured Bank Deposit program
By using our Insured Bank Deposit program, you gain the convenience of having your FDIC-insured deposit and your investments on one statement.
Edward Jones Flex Funds® account
You can easily track progress toward your short-term goals and keep your savings separate from other assets.
Edward Jones Income Manager® account
Simplify, track and access your accounts with the Edward Jones Income Manager® account.
Savings account FAQs
Can you open a short-term savings account? One of the most common uses for a savings account is to hold your emergency fund, keeping it separate from the movements of your checking account, but still quickly accessible when funds are needed unexpectedly. Additionally, many find it useful to open one or more savings accounts for specific short-term goals, which could include saving for a down payment on a new car or home, saving for a vacation, tax obligations or holiday gifts. Get in touch with an Edward Jones financial advisor to learn more about short-term savings account options.
What do the best savings accounts have in common? Each savings account is different, but the best savings account is the one that fits your needs. An Edward Jones financial advisor can help to understand what is most important to you and build a personalized strategy to help you achieve your goals, both short- and long-term.
Is savings account interest taxable? Unless you're using a tax-advantaged account, you are required to pay taxes on interest earned in your savings account.
Is money safe in a savings account? It is wise to look for a savings account that is insured through the Federal Deposit Insurance Corporate (FDIC) or National Credit Union Association (NCUA). Depending on the amount of cash you plan to hold, you should be aware of insurance limits, which currently are $250,000 per depositor, per institution. Edward Jones offers Flex Funds© accounts designed to meet savings needs. And through our Insured Bank Deposit program, these accounts offer FDIC coverage up to $5 Million for single owners and $10 Million for joint accounts with two or more owners.
What type of rates are available from savings accounts? Rates vary across institutions and can fluctuate based on Federal Reserve policy, market dynamics and how much you have deposited or invested with an institution. You can view our current Insured Bank Deposit rates here: Current CD, Bonds & Interest Rates | Edward Jones.