I use each high-yield savings account for a different goal, like a vacation to Ireland, a kitchen renovation, or future car repairs.

As the name implies, a high-yield savings account is a savings account with a significantly higher interest rate than a standard savings account — with some high-yield accounts offering rates up to 20 to 25 times the national average, which the FDIC currently puts at a meager 0.05%.

Savings account interest rates have fallen rapidly over the last month following the Federal Reserve's 0.50% federal funds rate cut on Sept. 18. It's the first of what's expected to be a rate-cutting cycle that lasts into 2025.

Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, and CD accounts to help you maximize your earnings.

Part of a student’s education is learning how to make smart money decisions. Opening a high-yield savings account is a good starting point.

Savings account interest rates will continue to fall, but these accounts have their upsides too. Here's why I'm holding onto mine.

High-yield savings accounts are a good option for consumers who want to grow their money by boosting their saving rates. Online banks are providing higher interest rates than brick and mortar banks and typically offer 20 times the national average bank rate of 0.