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 "high yield" is relative—rates that seem modest still outpace traditional bank offerings: I moved my emergency fund to a high yield savings account.
Often abbreviated HYSA in personal finance discussions.
- interestAttention, stake, or fee
- interest rateCost of borrowing money
- APYAnnualized compounded interest rate
- depositPlace for safekeeping
- direct depositFunds sent to account automatically
compound · bank · money · money market · growth · balance · earn · rate · secure · FDIC · liquid · easy access · cash reserves · nest egg · rainy day fund · return · accumulate · brick and mortar
- savingspiggy bank, emergency fund, rainy day fund, joint account, bank deposit
- investmentsbonds, stocks, securities, investment, equities
- bankingbank, banks, ATM, ATMs, account
high yield savingspenny stocks
Very low-priced shares
cryptocurrency · day trading · options trading · stocks · equities
high yield savingscertificate of deposit
Time-locked bank savings
CD · retirement account · 401k · IRA · real estate
high, higher, highest, highly, height, heights, heighten, heightened, heightening