What Are High-Yield Savings Accounts?
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MSNKiplinger
What Are High-Yield Savings Accounts?
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% ...
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