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A high-yield savings account is a savings account that pays a high annual percentage yield (APY). An account’s APY indicates how much interest you earn in one year, taking compounding into ...
Competitive savings account rates. The best widely available high-yield savings accounts currently earn an APY of around 4.60 percent. An amount of $100,000 in an account earning this rate will ...
Offering higher interest rates that can pay out up to 10 times the 0.42% national average of a traditional savings account, a high-interest savings account is an ideal way to grow your idle cash ...
The takeaway. Keeping your money in a high-yield account savings account is a small but important way to make sure your funds are safe, accessible, and can earn a strong interest rate.
Savings rates and high-interest accounts in the news. Savings rates strongly correlate with the target interest rate set by the Federal Reserve, the country’s central bank. This Fed rate is the ...
Some high-yield savings accounts require a high opening deposit to earn the highest advertised APY. For example, Brio Direct requires a $5,000 minimum balance to earn its high APY. Understand the ...
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