Is Chasing the Highest Savings Rate Worth It?

Last year, Peter Hsiao learned about high-yield savings accounts from his friend, and within a week, he had opened one. His rate was above 2%. High-yield savings accounts pay interest rates far higher than the national average of 0.09% annual percentage yield. They’re generally offered by online-focused banks and credit unions. Months later, Hsiao’s bank…

The article Is Chasing the Highest Savings Rate Worth It? originally appeared on NerdWallet.

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