High-yield savings accounts and regular savings accounts both have unique benefits. Find out which is best for you here.
Best high-yield savings accounts for February 2025 Note: Annual percentage yields (APYs) shown were updated between Feb. 4 and Feb. 10. All other information is current as of Feb. 10. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed sinc...
High-yield savings accounts(HYSAs) aren't just a stable place to stash your cash: Thanks to their higher returns, your money will grow faster than in atraditional savings account. If you need tobuild your emergency fundor are working toward paying for a wedding, a dream vacation or a dow...
High-yield savings accounts are a type of savings account offering an APY that’s much higher than that of a traditional savings account. In recent years, they’ve become increasingly popular as the Federal Reserve has raised rates several times in its attempt to lower inflation. When the Fe...
Key terms to know about high-yield savings accounts: What is a high-yield savings account? What is the difference between a high-yield savings account and a traditional savings account? How does a high-yield savings account work? The benefits of high-yield savings accounts Are there ...
What to Know About High-Yield Savings Accounts On the surface, savings accounts seem simple, but there are several factors that you need to pay attention to when picking a savings account: Interest rates The interest rate is one of the most important aspects of a savings account. It can be...
However, when opening a high-interest savings account, you'll probably also want to make a deposit right away. You can do this by depositing cash or checks, by transferring money from another account. Keep in mind that some high-yield savings accounts require a minimum initial deposit to op...
College students have unique needs when it comes to savings. These high-yield accounts are well-suited to them.
High-yield savings accounts are also worth considering if you are saving toward a specific goal such as an emergency fund or down payment on a new home. You not only earn high interest — you also have a single, convenient place to add to your savings....
The best high-yield savings account rate is 5.00% APY from Pibank and Zynlo Bank. That's more than 11 times the FDIC's national average for savings accounts of 0.42% APY.1A high-yield savings account is great because it pays more interest, while still giving you the flexibility to withd...