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Let's assume you have $10,000 to invest and can earn 5% APY with a savings account or 10.2% (the historical average annual rate of return for the S&P 500) by investing it. Here's how your money ...
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 ...
Let’s say that you set aside $10,000 in a high-yield savings account that earns 4.50% APY. You’ll earn about $450 in guaranteed interest over the first year while keeping your money protected.
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 ...
High-yield savings accounts: Like a checking account, you have free rein to deposit and withdraw your money when you use a high-yield savings account, making it a good option if you need ongoing ...
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.
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