High-Yield Savings Accounts: A Safe Haven for Short-Term Goals

Explore the current state of savings accounts post Federal Reserve interest rate changes. Despite a national average of 0.4%, high-yield accounts offer over 4% APY, like SoFis 4.3% APY. Shop around for competitive rates, especially with online banks and credit unions. Savings accounts are safe, insured, and accessible, making them ideal for short-term goals. However, consider investments for long-term goals due to potential higher returns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.