Real talk: High-yield savings account rates have been a bright spot in a sluggish economy this fall. And compared to regular savings accounts, a high-yield savings account can sometimes earn interest rates up to 20 times higher. The account’s Annual Percentage Yield (APY) includes both your interest rate and compound interest. Simply put, the greater the APY, the greater the returns.
Investing in a high-yield savings account poses no additional risk compared to a regular savings account — if your money is going to sit in a bank anyway, why not have it work in your favor? If you’re looking to earn returns, a high-yield savings account may suit your particular needs. View the Best High-Yield Savings Accounts of 2022
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Real talk: High-yield savings account rates have been a bright spot in a sluggish economy this fall. And compared to regular savings accounts, a high-yield savings account can sometimes earn interest rates up to 20 times higher. The account’s Annual Percentage Yield (APY) includes both your interest rate and compound interest. Simply put, the greater the APY, the greater the returns.
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