The main difference between high-yield savings accounts and traditional savings accounts is that high-yield savings accounts offer higher interest...

High-yield savings accounts, by nature, offer higher returns largely because they operate solely online. They do this because of the savings they g...

While online savings accounts offer some of the highest APYs, it's also more tedious to access your money than banking at a brick-and-mortar instit...

Interest rates on high-yield savings accounts are variable and can fluctuate at any time. In general, savings rates change every few months after a...

Yes, high-yield savings rates are increasing. Rates have increased throughout 2023 as the Fed raises its benchmark rate in an effort to tamper with...

There's a near-zero risk of capital loss when you open a savings account at an FDIC-insured bank, as your account is insured for up to $250,000. In...

You can withdraw funds from a high-yield savings account like you can a traditional savings account.

It used to be a rule that consumers could only withdraw or transfer cash out of a high-yield savings account up to six times per month without payi...

Interest accrued on a high-yield savings account is taxed as ordinary income. You must report the interest on your tax return for any account that...

The biggest con of high-yield savings accounts is that though they offer high interest rates, those rates can fluctuate at any time. Withdrawing mo...

Money deposited in a savings account at an FDIC-insured bank, or at an NCUA-insured credit union, is safe as long as you are within FDIC or NCUA li...

How many accounts you should have will vary. Though some savers are better off keeping all their funds in one account, others may benefit from havi...

Generally, any interest you earn on a savings account is considered taxable income. Even if you don’t receive a 1099-INT tax form because the amoun...

Savings rates are usually variable, which means banks can change them whenever they want. Competition for deposits as well as banks’ business needs...

Only 4 in 10 U.S. adults (43 percent), say they could cover the cost of a $1,000 car repair or emergency room visit using savings, according to Ban...

In some cases, the biggest banks still pay their savings account customers less than today's national average APY of [sc code='wealth_historical_ra...