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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 👁 11.9M

WFMY News 2

Multiple North Carolina officers killed in shooting in Charlotte| LIVE NOW

⏲ 1 hour 6 minutes 14 seconds 👁 81.6K

KTLA 5

Numerous law enforcement officers shot in Charlotte, North Carolina, police say

⏲ 2 minutes 59 seconds 👁 28.6K

These guys rock! Welcome to WatchMojo, and today we’re looking at lead singers in rock bands with the most vocal talent, stage presence and overall showmanship.

Top 30 Greatest Rock Frontmen of All Time

⏲ 35:30 👁 13M

LiveNOW from FOX

4th officer dies after Charlotte, North Carolina shootout | LiveNOW from FOX

⏲ 5 minutes 18 seconds 👁 157.7K

CP24

Rash of gun violence across the GTHA

⏲ 6 minutes 24 seconds 👁 2.7K

Something borrowed, someone famous. Welcome to MsMojo, and today we’re counting down our picks for the top celebrities whose wedding looks made a lasting impression.

Top 30 Celebrity Wedding Dresses

⏲ 25:16 👁 35.1M

WBNS 10TV

4 officers killed in Charlotte, North Carolina shooting identified

⏲ 3 minutes 12 seconds 👁 2.4K

WRAL

Charlotte Shooting Latest: AR-15 & .40 caliber handgun found; 4 officers killed, 4 injured

⏲ 34 minutes 51 seconds 👁 414.3K

The Boston Celtics punched their ticket to the 2024 NBA Finals when they defeated the Indiana Pacers in just four games to win the league's Eastern Conference finals, and now we have Boston's finals opponent set with a winner for the Western Conference finals as well.<br/><br/>That victor will be the Dallas Mavericks, who needed five games to beat the Minnesota Timberwolves in the West finals on this past Thursday (May 30) night. The matchup will be laden with narratives we have been hearing for years now, from Kyrie Irving and Kristaps Porzingis' return, two oft-critiqued coaches being the last two playing, among many, many more.<br/><br/>Ahead of a full preview, the hosts of the CLNS Media \

Breaking Down Celtics vs Mavericks NBA Finals Narratives | Celtics Lab Podcast

⏲ 30:56 👁 9.5M

These \

Top 10 Big Bang Theory Callbacks in Young Sheldon

⏲ 12:20 👁 43.5M

In this PEP Challenge: Social Media Raid video, Joshua Garcia revealed what he's afraid of. <br/><br/>While reacting to some of his social media posts we collected for this challenge, the Kapamilya actor admitted to PEP.ph (Philippine Entertainment Portal) one of the things that scare him. <br/><br/>His story takes him back to his trip to the Vatican City with his special someone. <br/><br/>Taking advantage of the scenic views and the beautiful architecture around the city-state, and with the VIP pass they acquired from friends working at the Pope's residence, Joshua asked his companion to photograph him on top of one of the buildings despite his fear of being on extremely elevated places. <br/><br/>Joshua posed on the railing of the building and quickly asked his companion to take the shot. <br/><br/>\

Joshua Garcia reveals what he's afraid of | PEP Challenge

⏲ 4:36 👁 171.1M

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