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Why You Should Consider High Yield Savings Accounts
One of the key reasons to consider a high yield savings account is the opportunity to earn more interest on your savings without taking on the risks associated with investing in the stock market. Unlike investment accounts, high yield savings accounts are FDIC-insured up to $250,000 per depositor, per insured bank, offering peace of mind that your money is safe1. With interest rates often exceeding 4% annually, these accounts can provide a substantial boost to your savings over time.