high-yield savings
Better-rate deposit account
High-yield savings refers to savings accounts that pay interest rates significantly above the national average, typically offered by online banks with lower overhead costs.
The yield—the return on deposited money—makes these accounts attractive for emergency funds or short-term savings goals: I moved my emergency fund to a high-yield savings account paying 4.5%.
The rates fluctuate with broader interest rate changes.
- interestAttention, stake, or fee
- interest rateCost of borrowing money
- APYAnnualized compounded interest rate
- compoundCombined into one
- depositPlace for safekeeping
bank · rate · growth · balance · CDs · money-market · liquid · liquid assets · FDIC · principal · brick and mortar · rainy day fund · accruing · dividends · inflation · ladder · tiered · cash
- savingspiggy bank, emergency fund, rainy day fund, joint account, bank deposit
- accountsbank account, checking account, joint account, personal account, business account
- digital bankingmobile banking, internet banking, mobile deposit, banking apps, neobank
- money tipsbudgeting, emergency fund, investing, debt repayment, rainy day fund
- bankingbank, banks, ATM, ATMs, account
- interest ratesinterest rates, prime rate, interest, base rate, interest charge
high-yield savingspenny stocks
Very low-priced shares
options trading · cryptocurrency · junk bonds · venture capital · meme stocks
high-yield savingscertificate of deposit
Time-locked bank savings
CD · retirement account · time deposit · 401k · 401(k)
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