What Is a High-Yield Savings Account?

A savings account that delivers a higher interest rate

Photo by Andre Taissin on Unsplash

In an era of meager interest rates on traditional savings accounts, high-yield savings accounts (HYSAs) offer a lifeline for those seeking greater returns on their hard-earned money. A HYSA is a type of savings account that delivers an interest rate significantly higher than a standard savings account. While…