PayPal Savings
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PayPal Savings is a high-yield savings account offering 3.30% APY, letting you earn interest while keeping money parked in your PayPal account. You can set up goals and automate transfers from your PayPal balance to build savings hands-off. The account is FDIC-insured through Synchrony Bank.
It's ideal if you already use PayPal for payments and want to grow savings without opening yet another bank account. The integrated experience means your spending and savings stay in one place.