Here are the best high-yield savings accounts right now
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The best high-yield savings accounts right now:
You really can’t go wrong with a high-yield savings account. If you’ve decided to store your money in a high-yield account, where it’s growing but still accessible, you’re already doing better than the 75% of Americans who are leaving money on the table.
As more banks and financial companies crowd into the high-yield savings space, it has become an all-out battle to offer the best account features coupled with the highest interest rates — and that’s great news for savers.
It’s important to note that, unlike certificates of deposit (CDs), you do not lock in a fixed interest rate when you open a high-yield savings account. The annual percentage yield (APY) is variable since it’s based on what the Federal Reserve does. So while it’s smart to look at interest rates when comparing high-yield savings accounts, it’s not the be-all and end-all.
Note also that high-yield savings accounts’ rates have been decreasing …continued .
[Source: Business Insider]