"Comparing High-Yield Savings and Money Market Rates for February 2024"

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Source: CBS News
"Comparing High-Yield Savings and Money Market Rates for February 2024"
Photo: CBS News
TL;DR Summary

High-yield savings accounts are offering competitive rates up to 5.50% APY, making them an attractive option for savers seeking liquidity and high earning potential. With options like Milli Bank, Brio Direct, Tab Bank, UFB Direct, and Popular Direct offering some of the best rates, individuals can benefit from flexible account terms and minimal fees. Compared to regular savings accounts with an average APY of 0.47%, high-yield savings accounts provide a better opportunity to grow savings, but it's important for savers to consider their specific financial goals and needs when choosing the right account.

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