From FoxBusiness.com…
If you’re saving for a down payment on a house, a vacation, or just putting money aside for an emergency fund, you want to earn as much interest as you can on the money you put in the bank. A high-yield savings account may be your best option.
These accounts earn a higher interest rate and therefore a better return than a regular savings account, adding to your nest egg more quickly.
With the national average savings account APY at just 0.06% as of August 2021, according to the FDIC, it’s even more vital that you find a high-yielding account for your savings. (APY stands for annual percentage yield, and refers to the interest you earn.)
Here’s how to find the best high-yield savings accounts, which can help you meet your financial goals sooner.
