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What is a high-yield savings account? Definition and what to consider

A high-yield savings account is a savings account that pays a high annual percentage yield (APY). An account’s APY indicates how much interest you earn in one year, taking compounding into account ... read more

What is a Savings Account? How They Work

An interest-bearing savings account is like a protected home for your nest egg. This is the bank account that holds your emergency fund or your child’s future college fund. But knowing the ... read more

Best savings account bonuses of April 2024: Earn up to $525 or thousands of airline miles

CNBC Select will update as changes are made public. Switching savings accounts may not be at the top of your financial to-do's, but making the move can sometimes pay off, literally. Just like they ... read more

10 best free savings accounts for stashing your cash

CNBC Select will update as changes are made public. A key feature to look out for when shopping for a savings account is no banking fees. After all, that takes away from the money you can save. read more

10 best high-yield savings accounts in April 2024

High-yield savings accounts have proliferated in recent years amid a rise in online banks and fintechs competing for business against traditional banks, giving consumers a wide range of choices to ... read more

Department of Labor’s latest fiduciary rule could save investors $5 billion a year, but is it in savers’ best interests?

The final version of the DOL’s fiduciary rule, called the Retirement Security Rule, was released on Tuesday. According to the Department of Labor, the rule will “protect the millions of workers who ... read more

What is a savings and loan association (S&L)?

A savings and loan association (S&L) is a financial institution that provides banking and home lending services. It is somewhat comparable to a bank or credit union (especially the latter) but has a ... read more

Who Can Be Trusted for Retirement Advice? New Rules Strengthen Protections.

More investment professionals will be required to act in their customers’ best interest when providing advice about their retirement money. read more

High-Yield Savings Account vs. Roth IRA

A high-yield savings account is better for risk-free returns, while a Roth IRA is better for long-term, tax-free returns. Many consumers use both accounts on the path to retirement. When it comes ... read more

Labor Department announces new rule to shield retirement savings

The new rule is designed to protect consumers who seek investment advice about their retirement savings, federal officials say. read more