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A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.

What Are High-Yield Savings Accounts?

⏲ 1:27 👁 26.8M

Custodian Data Centres

A DAY (NIGHT) in the LIFE of a NOC ENGINEER!

⏲ 12 minutes 36 seconds 👁 910.2K

The greatest clock (and map) ever made

⏲ 21 minutes 19 seconds 👁 165.8K

Indigenous Australians are almost three times more likely to die from kidney disease than non-Indigenous Australians. But they are far less likely to receive an organ donation and transplant. As part of a plan to give more kidney patients a chance at living longer. the state government is considering allowing drivers licence donor registration.

WA considering drivers license registration to increase organ donor rates

⏲ 1:56 👁 37.2M

Packet Pushers

Understanding Data Center Fabrics, Part 1: Justifying Fabrics

⏲ 12 minutes 24 seconds 👁 2.7K

Fat Frog's Swamp

Resource Locations (Oil, Silica Pearls, Obsidian) on Center Map Ark Survival Evolved

⏲ 19 minutes 1 second 👁 107.9K

The Vredestein Pinza HT tyres were launched in the US market some time back and now they're rated amongst the top 3 SUV tyres. Now, they've been launched in India and this video talks about what you need to know about the Pinza HTs. They're capable and quiet tyres, with the ability to take it for mild off-roading, without any complaints. For more, watch the full video!<br/><br/>#vredestein #vredesteinpinzaht #pinzaht #highwaytyres #suvtyres #tyres #DriveSpark

Vredestein Pinza HT | Off-Road and On-Road Capable Highway Tyres For SUVs | Vedant Jouhari

⏲ 4:13 👁 12.3M

Bemo Guinness

We're Moving To The Center [Scorched Earth] | ARK: Survival Ascended #111

⏲ 58 minutes 18 seconds 👁 2.8K

RainbowSeaTurtle

Rate My Map! Brawl Stars (Center Jump)

⏲ 5 seconds 👁 3

Inflation in the insurance sector is starting to normalize—but Wayne Peacock says rates won’t come down to pre-pandemic levels.

USAA CEO: Car insurance rates are up but insurance companies are still losing money

⏲ 6:37 👁 13.8M

RainbowSeaTurtle

Rate My Map! Brawl Stars (Center Void)

⏲ 5 seconds 👁 4

Top Rewind

Pat Sajak Reveals the Sad Reason for His Retirement

⏲ 20 minutes 21 seconds 👁 7.5K

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