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A high-yield savings account offers a significantly higher interest rate to savers. According to the FDIC, the average interest rate on a basic savings account is 0.30%, as of Dec. 28,...
Compare high-yield savings accounts and traditional savings accounts — including benefits, drawbacks and how to choose the best for your budget and balances.
Key takeaways. A high-yield savings account can offer a significantly higher interest rate compared with a traditional savings account. It can be a great way to earn a competitive yield on your ...
According to the FDIC, the national average savings rate is only 0.24%. Here are five high-yield savings accounts with rates between 3.00% and 4.03% APY. None of these offerings have minimum ...
LendingClub Bank: High Yield Savings. Why it stands out: The High Yield Savings account comes with no monthly fee, so you can keep more of your money in your account. Pros: No monthly fee. Cons:
Offering interest rates of up to nine times higher than a traditional savings account, a high-yield savings account can help you grow your money faster with virtually no risk.
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