High-Yield Savings Accounts: A Safe Haven for Short-Term Goals
Update: 2025-12-12
Description
Explore the current state of savings accounts post Federal Reserve interest rate changes. Despite a national average of 0.4%, high-yield accounts offer over 4% APY, like SoFis 4.3% APY. Shop around for competitive rates, especially with online banks and credit unions. Savings accounts are safe, insured, and accessible, making them ideal for short-term goals. However, consider investments for long-term goals due to potential higher returns.
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