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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.
A high-yield savings account can be a profitable place to store your savings and earn the highest interest possible without fees or minimum balance requirements that can eat into your earnings.
A high-yield savings account can earn you significantly more interest than a traditional savings account, with digital banks and online accounts offering the strongest rates, passing along ...
A high-yield savings account — or an HYSA — is a type of deposit account that can earn you a higher rate of interest on your savings than with a traditional account. The rate of interest is ...
High yield savings accounts, sometimes abbreviated to HYSA, are a type of savings account with higher interest than normal savings accounts. These accounts typically earn 10 times more in interest than a normal savings account. HYSAs can be a good option for short-term investing. [2] [3]
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
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