Interest rates on traditional savings accounts can be almost nonexistent. In fact, they’re often zero. As depressing as this is, it doesn’t mean you have to settle. If you’re looking to maximize your savings, a high-yield savings account is a great way to do so.
Also known as high-interest savings accounts, high-yield savings accounts are just like traditional ones but with higher interest rates! All high-yield savings accounts are not made equal though. In order to grow your savings as much as you can, you’ll need to shop around. When deciding on which bank to open your account with, you’ll want to compare interest rates (APY) and minimum balances. Fortunately for you, we've done all the research, sorted through the details, and have created a comparison tool of the best high-yield savings accounts available.
Want to learn more about high yield savings accounts and other savings accounts, check out our video playlist on Maximize Your Savings!.