High-Yield Savings: Maximize Your Money

Discover the current savings account landscape post-interest rate cuts. Despite national averages hovering around 0.4%, top high-yield accounts offer rates above 4% APY. Online banks often provide the best rates due to lower overhead costs. Savings accounts are FDIC-insured, making them ideal for short-term goals. However, for long-term goals, consider investing in the market for higher returns, albeit with more risk.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.