What is a high-yield savings account

what is a high-yield savings account

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The Federal Reserve cut rates providing some of the best. Fed policy makers began what may be a series of make on a monthly basis, rate leader, competitors feel like more than just the advertised.

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What Is A High-Yield Savings Account? - 2021 Bank Account To Open
A high-yield savings account is a savings account that pays a high annual percentage yield (APY). An account's APY indicates how much interest. A high-yield savings account has a higher annual percentage yield (APY) than a traditional savings product. A high-yield savings account is a type of savings account that can pay up to 15 times the national average of a standard savings account.1 The competition.
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    calendar_month 19.09.2022
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Written by Matthew Goldberg. The account also has a tool for setting savings goals, which not every bank provides. If you miss a monthly cycle, you will earn a lower, but still high-yielding standard rate.