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A savings account — especially a high-yield account — might be better if you prefer easy access to your cash, plan to make regular deposits or want to take advantage of rising interest rates.
Best uses for a high-yield savings account. A high-yield account might be a good option for anyone looking to save money for a large purchase, a short-term or mid-range financial goal, or cash you ...
A high-yield savings account offers a safe place to store your cash. But a high interest rate means that your high-yield savings account will produce interest earnings to help your savings grow ...
A savings account — especially a high-yield account — might be better if you prefer easy access to your cash, plan to make regular deposits or want to take advantage of rising interest rates.
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
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]
Interest below high-yield savings accounts: Though cash management accounts can earn higher interest rates than traditional banks, they may fall short of those offered by high-yield savings accounts.
Find the best high-yield savings accounts to make the most of your available funds and grow your money. ... As a cash management account, it provides an attractive 4.00% APY while offering a debit ...
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