What Is a High-Yield Savings Account?

A high-yield savings account differs in a few ways, but there's one thing it has in common with traditional savings accounts that is important for all to know. Traditional savings accounts and their high-yield counterparts are insured by the Federal Deposit Insurance Corp. (FDIC) and the National Credit Union Association (NCUA). When you open an account at a bank or credit union, all of your accounts combined are insured for up to $250,000. Read More: https://www.investopedia.com/articles/pf/09/high-yield-savings-account.asp