Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

High-yield savings accounts can offer better interest rates than regular savings accounts — in some cases more than 10 times the current average annual percentage yield (APY) of 0.46%.

For example, let's say you deposit $1,000 into a savings account at 0.25%. After 12 months, you'll have earned only $2.50 in interest. But put that money into a high-yield account at 4.85% ...

When he checked his account in February, he was surprised to find the bank was only paying him 0.05%. The 62-year-old construction manager thought there was a mistake. Then an employee at his ...

iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) - $0.2267. 30-Day SEC Yield of 7.74% as of March. 27. Payable Apr 05; for shareholders of record Apr 02; ex-div Apr 01. USHY ...

This free, high-yield business account is well-suited for ... deposits are capped at $5,500 per day and a fee of $1 plus 0.5% of the deposit amount applies. Fee for using out-of-network ATMs.

If you have an account balance above $1,000, the interest rate drops to 0.15 ... high-yield savings accounts pay at least 4.50% APY. In one year, 4.50% APY on $1,000 would add around $45 to your ...

The best high-yield savings account rate from a nationally ... That's nearly 12 times the FDIC's national average for savings accounts of 0.46% APY and is just one of 15 or more top rates you ...

Savings yields soared in 2023—and all that interest income is now showing up on people’s tax returns. Forbes published historical average money-market rates based on FDIC data. The average ...

When he checked his account in February, he was surprised to find the bank was only paying him 0.05%. The 62-year-old ... some of the biggest opportunities of the high-rate era, aren’t always ...