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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.
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 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.
FDIC or NCUA Insurance. High-yield savings accounts also offer more security in the form of insurance. The Federal Deposit Insurance Corporation (FDIC) insures your deposits up to $250,000 per ...
Here’s a great way to think about high-yield savings accounts: They’re different from regular savings accounts in the same way that sports cars perform better than regular sedans.
After all, a couple years ago when the federal funds rate was at virtually zero, it was difficult to even find an online high-yield savings account with an APY greater than 1.00%.
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 ...
High-yield savings accounts offer higher interest rates than traditional savings accounts, ... Finance. 24/7 help. For premium support please call: 800-290-4726 more ways to reach us.