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Here’s how much your money could grow if you put $10, $100, or $1,000 a month in a high-yield savings account

high yield savings growth

  • We did the math to find out how a $10 initial deposit could grow at a 1.75% interest rate in a high-yield savings account if you contribute an additional $10, $100, or $1,000 a month.
  • Since the summer of 2019, the Federal Reserve has cut interest rates multiple times and the earning potential on savings accounts has dropped, but many high-yield accounts are still a great deal.
  • A good high-yield savings account can still earn up to 20 times more than a typical savings account and ideally doesn’t charge maintenance fees.
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The best high-yield savings accounts live read more >>>

Source:: BusinessInsider.Com