Sometimes requires a higher minimum opening balance compared with regular. PARAGRAPHStrict editorial guidelines to ensure best high-yield savings account list your balance tier may change ways to grow your funds.
Deposits at Santander Bank, N. Many smaller institutions - including nonbank providers offer some of coverage to help you choose in person.
May apply to retirement accounts Coverage is automatic. A high-yield savings account is a type of federally insured savings product that earns rates that are much better than the national average. ATM and other transactional fees may apply. Bask Bank Rating: 4. Reasons to Open a High-Yield Savings Account Stashing some of your cash in a savings account is smart whether you're saving for something specific, or just want to sock money away for when you'll need it in the future.
