What Is a High-Yield Savings Account?

A savings account that delivers a higher interest rate

Tunji Onigbanjo
3 min readApr 7, 2024

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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…

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