A high-yield savings account is a savings account that can pay up to 15 times the national average of a standard savings account. Compare accounts to find the one that's right for you.
A high-yield savings account (HYSA) is a type of bank account that typically offers a much higher interest rate on deposits than a traditional savings account. High-yield savings accounts are more commonly offered by online-only banks than traditional banks or credit unions. When comparing the...
In addition, account holders can easily access the funds in their high-yield savings accounts. That makes them a more convenient choice for short-term savers than certificates of deposit (CDs), where your money is locked in for a set term. High-yield savings accounts are relatively new to t...
2. What bank has the best high-yield savings account? Bank rates for a high-yield savings account do fluctuate, which is why it's important to keep an eye on your account and the rate. That said, there are certain banks that are favorable options to have a high-yield savings account...
if you're looking to earn extra interest on the money you have saved, a high-yield savings account may be worth pursuing.
What Is a High-Yield Checking Account? A high-yield checking account—sometimes called rewards checking or high-interest checking—works like any interest-bearing checking account, but offers a much more competitive annual percentage yield (APY). In exchange for this higher rate, customers typically...
A high-yield savings account (HYSA) is a savings account that earns a higher-than-average interest rate. While the average return on a traditional savings account is just 0.43%, some HYSAs offer rates over 4%. Most HYSAs are offered by online banks, fintechs or credit unions, but some...
What Is a High-Yield Savings Account? Watch out for fees.
NerdWallet’s bank and credit union reviews take all these factors into account when researching banks. It’s also a good idea to confirm that the funds will be federally insured. Back to top Is my money safe in a high-yield savings account? Putting your money in a federally insured high...
A high-yield checking account has multiple attractive features in today's high rate climate. Here's what to know.