What are high interest savings accounts?

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What are high interest savings accounts?

Rounding it up

  • Most savings accounts offer earning interest, but there are some that can nearly keep up with inflation.

  • While there’s no set definition, a high interest savings account typically pays anywhere from 10 to 20 times the national average.

  • Interest is one of the most important things to consider when comparing different savings accounts.

  • Also remember to compare various fees, payment structures, and any additional advantages like savings features or superb customer experience.

6 min read

Andrew Paniello
#savings#high interest savings account#savings account#interest

Andrew Paniello

Andrew Paniello is a freelance financial writer based in St. Louis, MO. He graduated from the University of Colorado with degrees in Finance and Political Science. Currently, Andrew focuses on business, investing, personal finance, real estate, and related topics.

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