How To Pick a High-Yield Savings Account?

29 September 2022 By : Quick Insurance Guru Floral Separator

[{"selector":"#anim-f33d2808-bc4c-4492-9e8f-64d273bada03","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7cf20a5d-871c-41ba-9a4a-df0031d25f23","keyframes":{"transform":["translate3d(0px, 82.41437%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b729f25c-c58b-4277-b43f-d03c6d9c8507","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b99611c1-5835-4b12-9aea-5a854fe3b101","keyframes":{"transform":["translate3d(0px, 273.91964%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b321cd2-f2cd-4902-a136-bd83a69aa031","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ff54d1d-316a-4148-9f95-b1dc3fce9419","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The best high-yield savings account has to be compared to others. Credit : Unsplash Floral Separator

[{"selector":"#anim-bb67cf6b-9203-4672-8234-610a2b439db2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ea36974-c9bb-4288-9e6e-1995b7721872","keyframes":{"transform":["translate3d(0px, 82.41437%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e10376b5-0672-442a-8081-923d6501b0f3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5253824e-0c42-40b8-8d1b-ce06086b9a33","keyframes":{"transform":["translate3d(0px, 392.12964%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a477d327-1f6d-44d0-86a4-cb0efbaa4b8f","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a83c1ff8-3ff4-489a-98bd-51233f565d9b","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Some things to consider before opening an account. Credit : Unsplash Floral Separator

[{"selector":"#anim-1927e3cf-6100-4412-b48b-cb8574cd2243","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe487b66-2f60-4fb7-b4cd-1ac0afbc276c","keyframes":{"transform":["translate3d(0px, 82.41437%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7dc38238-2a97-4d3b-9029-b6c5a9bc9db2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9084c0cb-36f2-4207-824f-4e32e0c0c902","keyframes":{"transform":["translate3d(0px, 883.57570%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3d26157-4c4a-41b9-b9e8-4286e4986886","keyframes":{"opacity":[0,1]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0e0c6b0-57cc-4fa9-917e-00a196166fbb","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95a934e3-9251-4d8d-bfb2-03db0461dd20","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-832c8ab8-31b1-46a8-b678-66409b16d98d","keyframes":{"transform":["translate3d(128.90626%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 1. Interest Rate Credit : Unsplash Floral Separator Interest rate is probably the most important consideration when choosing a high-yield account.

[{"selector":"#anim-2ba105a2-cac6-48ad-b749-92597b1d0a36","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcdfb29c-6995-45a1-81c2-172dea456c0b","keyframes":{"transform":["translate3d(0px, 82.41437%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-541b0258-e742-4cc7-b355-08d301694a20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44d278f7-4bf6-4714-b7d1-1b5e1f0e9f7b","keyframes":{"transform":["translate3d(0px, 883.57570%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ef791de-0c8f-4c48-aeab-d1b3d712d000","keyframes":{"opacity":[0,1]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-39bbbefc-0cd0-4f4f-8f3c-4a7f858d5a95","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ff9168a-0390-454e-8516-c3e7c6a3fca4","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ff0f45f5-9b1c-43aa-83bb-387d0f578a23","keyframes":{"transform":["translate3d(128.90626%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 1. Interest Rate Credit : Unsplash Floral Separator Earning a higher interest rate will help maximize your savings more quickly.

[{"selector":"#anim-ec6c742b-e841-41ec-adc3-9d90f075b587","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0ef70182-7de6-4647-99c9-31cd4601d067","keyframes":{"transform":["translate3d(0px, 93.69257%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fb7e7fb3-9f03-4a1c-b2d1-2d1cc39d8efd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d47dddc1-e8e1-4f88-a569-7e5930deffca","keyframes":{"transform":["translate3d(0px, 1014.01034%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e15c9e57-5f1b-489a-b676-a19734814bcb","keyframes":{"opacity":[0,1]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08cb3bbe-25ed-4b1a-923b-5d2c87ac1fd3","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a8607ad-c1b2-451a-a4e6-332a79553ae4","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29e7c317-072a-4383-86ed-307a3e0532cb","keyframes":{"transform":["translate3d(128.90626%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 2. Deposit Requirements Credit : Unsplash Floral Separator To open a new account, a minimum deposit is required & One can earn interest by keeping an appropriate balance.

[{"selector":"#anim-eef8a526-89fa-464e-8eac-2a92f2407461","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c29c2a5-ae68-4036-9d42-843ebc32baa5","keyframes":{"transform":["translate3d(0px, 93.69257%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ba439220-aeae-4817-aa12-59fa79512f6c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0268a5b7-53b7-4578-8ba0-dcf27a2f563f","keyframes":{"transform":["translate3d(0px, 1014.01034%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ac3a624-ad9e-4a43-b612-579d51b9a556","keyframes":{"opacity":[0,1]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b75d4f62-db22-4a3c-81c4-6a7874383f7e","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd191f8b-6a7c-47e9-9a6d-f2468420f097","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9782ccb7-6694-4b5f-9117-2a45101e54d4","keyframes":{"transform":["translate3d(128.90626%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 3. Account Fees Credit : Unsplash Floral Separator Fees can cancel interest you earn from your savings. Check the account’s fee schedule to see if there are services or other fees.

[{"selector":"#anim-34bfaf52-e348-4708-aa58-fd12152db89e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9fa7d44-e729-4f29-ab23-cbdc47c02b07","keyframes":{"transform":["translate3d(0px, 93.69257%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11561f6a-d5b9-453e-99c8-6fe6ad1b3b58","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ded2d4e2-67e4-4c70-b80f-cc647feabb63","keyframes":{"transform":["translate3d(0px, 1014.01034%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-410606c8-9df6-4921-815c-634f11abec5d","keyframes":{"opacity":[0,1]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-339fa4e7-7c52-4318-9831-ee863afa7a00","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63e5dfa6-adb1-4898-9be3-24d886bc569b","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-922ac156-abc4-4fe3-878d-f38dcf63cb1a","keyframes":{"transform":["translate3d(128.90626%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 4. Compounding Frequency Credit : Unsplash Floral Separator Depending on the bank, interest can be compounded daily, weekly or annually.

[{"selector":"#anim-94c26b71-6c66-4b16-9697-3a073803a0f1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea72df1c-3aff-4294-8293-b9a1cab5eca2","keyframes":{"transform":["translate3d(0px, 97.45196%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1888c1f4-34ad-4b4c-994d-587f2d7c2759","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7b35d71-67ac-45ca-8f18-48deb294fa00","keyframes":{"transform":["translate3d(0px, 1057.48882%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77a6bd80-6b65-4bea-89e6-ad132b96d0dd","keyframes":{"opacity":[0,1]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fd03438-17cc-4684-bffb-2199536f84e2","keyframes":{"transform":["translate3d(-200%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89795745-ccf9-4477-8f2c-ff98f33937a0","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c24f339-1f6a-46b5-8c10-ed3666da4b98","keyframes":{"transform":["translate3d(128.90626%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 4. Compounding Frequency Credit : Unsplash Floral Separator Interest compounds in this way. Choosing an account which compounded more frequently can help you earn more interest over time.

[{"selector":"#anim-bbde21ec-46da-4017-91b0-ae4af128fa26","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e017fe1-5cf4-4a8d-922f-93e43969c5de","keyframes":{"transform":["translate3d(0px, 86.17378%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ef1b253-c8f6-41ab-8583-7e020fb6670c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b1d82a1-8f36-45b5-9234-d7e5aa1fbe91","keyframes":{"transform":["translate3d(0px, 927.05391%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1560742-81ea-4816-9ffe-987c8f164058","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0da941f-712e-47d0-9d53-a3cbf77270f8","keyframes":{"transform":["translate3d(128.90626%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] THANKS FOR READING! What Is a High-Yield Savings Account? Learn more