To stretch your savings, it’s worth the time, effort and research to find a high-yield savings account.
Here are three pro tips to help you find a well-performing high-yield savings account.Every listing is a federally insured financial institution and many of the most competitive offerings are available with little or no minimum deposit, according to Greg McBride, Bankrate.com's chief economist.
"Everyone needs emergency savings and online savings accounts are literally available to everyone," McBride said.Review the terms of a high-yield savings account From a consumer perspective, the good news is that there are a plethora of high-yield savings accounts to choose from. First, it’s vital to understand the account’s annual percentage yield, or APY. James Morgan, vice president of savings and forecasting at Capital One, advised that when you’re looking for a high-interest savings account, it’s important to pay attention to the APY, as the higher the APY, the more interest you earn.
"Additionally, we recommend choosing an account with no minimum balance requirements and with no fees – that way, none of your savings will be spent on