Want to make your money grow faster? High-yield savings accounts (HYSAs) can help! They're like regular savings accounts, but they pay you much more interest. Think of interest as extra money the bank gives you for keeping your money with them.
- HYSAs offer higher interest rates than regular savings accounts.
- Many HYSAs have no fees or minimum deposits.
- Your money is usually safe because it's protected by the government.
| Bank | Interest Rate (APY) |
|---|---|
| Bask Bank | 4.35% |
| EverBank | 4.30% |
| TAB Bank | 4.26% |
| SoFi | Up to 3.80% |
These rates can change, so always check the bank's website for the latest information. HYSAs are great for saving money you might need soon, but for long-term goals like retirement, you might want to look at other options.
