Let's begin with a general question - what constitutes 'high yield' when it comes to savings accounts? What are some key indicators you look for?
I think it revolves around significantly higher interest rates than typical savings accounts - oftentimes exceeding benchmark rates - guiding substantial returns.
Are there specific types of high-yield savings accounts that consistently outperform others?
How does the risk profile of a savings account (e. G., Fdic insurance) impact its potential yield?
What's the difference between 'high yield' and 'aggressive' high yield accounts?
Taking into consideration the fluctuating market, how does current interest rate trends affect the attractiveness of these accounts?
Do you feel focusing exclusively on yield overlooks other important factors like minimum deposit requirements?
What's the effect of compounding on a high-yield savings account over time?