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High-yield savings account vs. traditional savings account: What's the difference?
Yahoo Finance· 2023-12-15 22:16
Not everyone feels comfortable putting all their money into the stock market. Many folks aren’t interested in high-risk, high-reward strategies and want lower-risk options. That’s where savings accounts come in. But not every savings account is created or managed the same way. Here’s a breakdown of high-yield savings accounts and traditional savings accounts to help you decide which is best for you. Traditional vs. high-yield savings account: The basics A traditional savings account is a type of deposit ...