Did you know banks are offering special savings accounts that give you extra money on your savings? It's like getting a small reward for keeping your money safe! These are called high-yield savings accounts.
- These accounts pay more interest than regular savings accounts.
- Some accounts pay as much as 4.30% interest!
- Online banks often have better rates because they have lower costs.
| Feature | Detail |
|---|---|
| Highest Savings Rate | 4.30% APY |
| Average Savings Rate | 0.41% |
| Average 1-Year CD Rate | 1.82% |
Experts think these high interest rates might not last long. So, if you want to earn more on your money, now might be a good time to look at different savings accounts!
