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High-Yield Savings Accounts: What They Are and Where to Get One If you're parking your money in a traditional savings account, you could be missing out on hundreds of dollars in interest. High-yield savings accounts (HYSAs) offer a better way to grow your cash—without the risk of investing. What Is a High-Yield Savings Account? A high-yield savings account is just like a regular savings account—but with a much higher interest rate, often 10–15x more. Most HYSAs are offered by online banks or credit unions, allowing them to pass savings to you. Why Should You Use One? Better returns: Earn 4–5% APY vs. 0.01–0.10% in traditional banks FDIC insured: Your money is still protected (up to $250,000) Great for short-term goals: Emergency funds, vacation savings, down payments What to Look For When choosing a HYSA, consider: APY (Annual Percentage Yield) No monthly fees or minimums Easy online/mobile access Customer serv...