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Most high-yield savings accounts are protected by the same insurance you get with traditional savings accounts. This insurance from the Federal Deposit Insurance Corporation (FDIC) covers your ...
A high-yield savings account is essentially the same as a standard savings account, but it pays a much higher yield on your money. The national average yield on savings accounts is 0.57 percent APY.
Dig deeper: High-yield savings account vs. CD: How they differ when saving money Earn up to 4.00% APY on savings and 0.50% APY on checking $0 monthly fees | 55,000+ fee-free ATMs
The best high-yield savings accounts require no minimum balances to earn high rates of interest. Variable APY. APYs can be fixed or variable , depending on the type of deposit account.
If you deposited that same $20,000 into a high-yield savings account offering 4.00% APY, you'd earn about $800 at the end of your first year and some $9,600 after 10 years. With compound interest ...
The best high-yield savings accounts require no minimum balances to earn high rates of interest. Variable APY. APYs can be fixed or variable , depending on the type of deposit account.
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