As you can see, there are differences between high-yield savings accounts and money market accounts. These differences mean that it’s important to make the right choice to ensure your account is right for your unique financial needs. When should you choose a high-yield savings account, and w...
High-yield savings accounts, often offered by online banks, tend to pay higher rates than traditional savings accounts. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an ac...
These accounts offer a lot of incentives for savers, but there are some tradeoffs. Click here to view interactive content What is a high-yield savings account? Ahigh-yield savings accountrewards you with a higher interest rate than a traditional savings account, allowing your money to grow fast...
Both CDs and high-yield savings accounts can help savers earn interest on their cash, but these products work a little differently.
See: Best High-Yield Savings Accounts in 2025 What Is a High-Yield Savings Account? A high-yield savings account is a type of savings account that pays a better-than-average interest rate, according to Frank Newman, director of portfolio construction and due diligence at Ally. "They are sim...
What to look for in a high-yield savings account When you’re comparing high-yield savings accounts, there are features to consider, including: Annual percentage yield:When choosing a high-yield savings account, you will want to find one witha high APY. The higher the APY, the more you ...
In early 2024, you could find multiple accounts offering rates ranging from 4 percent to well over 5. Rates this high may seem too good to be true, but these high yield accounts aren’t doing any shady math to provide you with higher returns. ...
What High-Yield Debt? (cover story)Reports on the improvements of the structure of high-yield bond deals in the United States. Reluctance of investors to deal in the market; Problems facing the investment community.FineJacobBond Buyer
5. Links to Other Banks and/or Brokerage Accounts Will the bank allow you to create links between your high-yield savings account and deposit accounts at other banks or brokerage firms? Are there restrictions on linking multiple accounts, or is there a waiting period for new accounts? 6....
Opportunity to earn interest on everyday banking:If rates are competitive and you have a lot of checking-account activity anyway, high-yield checking accounts could be worth exploring. High yield and high access to funds:Unlike savings accounts that might havewithdrawalor transaction limits, high-...