Ask a Nerd: Is a High Yield Savings Account Really High Yield?

Ask a Nerd: Is a High Yield Savings Account Really High Yield?

Marguerite Burnette When the interest rate on a high yield savings account hovers around 1% to 2%, is it really a high yield savings account? These days, my answer is “yes”. The rate may not seem exceptional, but to qualify as a high-yield account, it only needs to earn significantly more than the average savings …

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