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Majority of American high-earners do this to maximize savings

High-yield savings accounts are the savings vehicle of choice for Americans earning more than $150,000, according to a recent survey.

United statesLauren williamsonJill slatteryNational credit union administrationFederal reserveHome services editor for the hearstDeposit insurance corpHome services editorHearste commerceSenior editorForbes advisorFederal deposit insurance corpNational credit unionEditorial disclosureEcm htvCm national evergreen

93% of people could be earning more from their bank

Savings account interest rates are rising in response to the Fed interest rate hikes but millions of Americans are missing out.

United statesLauren williamsonJill slatteryApynewtek bankHome services editor for the hearstNational credit union administrationApytotal direct bankFederal reserveDeposit insurance corporationHearste commerceChief content officerHome services editorSenior editorFederal deposit insurance corporationDirect bankFive direct

Savings account interest rates continue to rise

When the federal funds interest rate goes up, savings account interest rates tend to go up too.

United statesJill slatteryLauren williamsonJerome powellFederal reserveMarket committeeHome services editor for the hearstHearste commerceChief content officerHome services editorSenior editorFederal open market committeeFed chair jerome powellEditorial disclosure

Savings account interest rates continue to rise

When the federal funds interest rate goes up, savings account interest rates tend to go up too.

United statesLauren williamsonJerome powellJill slatteryMarket committeeFederal reserveHome services editor for the hearstHearste commerceChief content officerHome services editorSenior editorFederal open market committeeFed chair jerome powellEditorial disclosure

Savings account interest rates continue to rise

When the federal funds interest rate goes up, savings account interest rates tend to go up too.

United statesLauren williamsonJerome powellJill slatteryHome services editor for the hearstMarket committeeFederal reserveHearste commerceChief content officerHome services editorSenior editorFederal open market committeeFed chair jerome powellEditorial disclosure

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