What Is a High-Yield Savings Account?

Martha Stewart Living

We all know the importance of saving money.But did you know there are better optionsthan a traditional savings account?.A high yield savings account (HYSA) hasa higher interest rate than a traditionalone, and so grows your money faster.When deciding on what type of HYSAis right for you, know the account details.Some HYSA accounts may come with monthlymaintenance fees or the requirements tomaintain a certain monthly balance.Always do your research before signingup for anything, including an HYSA