High-yield savings accounts offer big advantages right now, but there are a few things to know before opening one.

Even a small deposit in a savings account with compound interest can grow your money exponentially faster. Some HYSAs compound monthly but many compound daily, including the Varo Savings Account ...

Tom Blake is a full-time finance writer and blogger who specializes in covering the banking industry, side hustles and ways to make and save more money. His work has been featured in publications ...

For example, let's say you deposit $1,000 into a savings account at 0.25%. After 12 months, you'll have earned only $2.50 in interest. But put that money into a high-yield account at 4.85% ...