E. Napoletano is a former registered financial advisor and award-winning author and journalist. Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect ...

CNBC Select will update as changes are made public. With a high-yield savings account, you can get a solid interest rate and your money grows even faster thanks to compound interest — which lets ...

The higher your APY, the faster your money will grow. The interest rate on a high-yield savings account is variable, meaning it can increase or decrease with market conditions, much like a ...