Friday, May 22, 2020

What Is a High-Interest Savings Account?

High-interest savings accounts defined A high-interest savings account is a bank account that lets you deposit money at a higher-than-average return. The average savings account pays only 0.06% annual percentage yield. Many traditional banks and credit unions pay even less. But a high-interest account, also called a high-yield savings account, earns much more — sometimes...



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