Tarra Jackson

[[{“value”:”A savings account might feel like a safe place to stash your money — it’s insured, easy to access, and low risk. But if it’s not earning at least 4.00% right now, you’re probably missing out on hundreds of dollars a year in lost interest.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. I’ve been writing about personal finance for years, and this is hands down one of the most common (and expensive) mistakes people make with their money.The truth about big-bank savings accountsIf your money is sitting in a traditional savings account at a major bank, there’s a good chance you’re earning just 0.01% APY. That’s not a typo. For every $10,000 you have saved, that’s about $1 per year in interest.Meanwhile, plenty of FDIC-insured online banks are paying 4.00% or more right now. That’s over $400 a year in interest on the same $10,000 just for switching where you keep your money.Your money feels safe — but it’s shrinkingWith inflation still hovering above 3%, earning 0.01% is basically moving backwards. Every dollar you leave in a low-yield account is quietly losing purchasing power.High-yield savings accounts don’t just boost your returns — they help you stay closer to breaking even against rising prices. If you want to stop losing money on your savings, check out our list of the best high-yield savings accounts now.You don’t have to give up accessOne of the biggest myths about high-yield savings accounts is that they’re harder to use. But most online banks now offer same-day or next-day transfers, mobile apps, and no monthly fees. You still get 24/7 access to your cash — just with a much better return.Even better: your money stays FDIC insured, up to $250,000 per depositor.The switch only takes minutesMoving your savings to a high-yield account is one of the easiest financial wins out there. You don’t have to change banks entirely: Just open the new account, transfer your emergency fund or extra cash, and start earning a rate that actually keeps up.It only took me minutes to make the change. Start shopping for one of the best high-yield savings accounts here.Don’t let your money sit idleSavings accounts are meant to keep your money safe, but that doesn’t mean you should settle for pennies in interest. With rates still high and inflation eating away at your buying power, moving to a high-yield savings account is one of the smartest low-risk moves you can make right now.It takes five minutes. It could earn you hundreds this year. And it keeps your cash flexible and secure. What are you waiting for?Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

A savings account might feel like a safe place to stash your money — it’s insured, easy to access, and low risk. But if it’s not earning at least 4.00% right now, you’re probably missing out on hundreds of dollars a year in lost interest.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

I’ve been writing about personal finance for years, and this is hands down one of the most common (and expensive) mistakes people make with their money.

The truth about big-bank savings accounts

If your money is sitting in a traditional savings account at a major bank, there’s a good chance you’re earning just 0.01% APY. That’s not a typo. For every $10,000 you have saved, that’s about $1 per year in interest.

Meanwhile, plenty of FDIC-insured online banks are paying 4.00% or more right now. That’s over $400 a year in interest on the same $10,000 just for switching where you keep your money.

Your money feels safe — but it’s shrinking

With inflation still hovering above 3%, earning 0.01% is basically moving backwards. Every dollar you leave in a low-yield account is quietly losing purchasing power.

You don’t have to give up access

One of the biggest myths about high-yield savings accounts is that they’re harder to use. But most online banks now offer same-day or next-day transfers, mobile apps, and no monthly fees. You still get 24/7 access to your cash — just with a much better return.

Even better: your money stays FDIC insured, up to $250,000 per depositor.

The switch only takes minutes

Moving your savings to a high-yield account is one of the easiest financial wins out there. You don’t have to change banks entirely: Just open the new account, transfer your emergency fund or extra cash, and start earning a rate that actually keeps up.

It only took me minutes to make the change. Start shopping for one of the best high-yield savings accounts here.

Don’t let your money sit idle

Savings accounts are meant to keep your money safe, but that doesn’t mean you should settle for pennies in interest. With rates still high and inflation eating away at your buying power, moving to a high-yield savings account is one of the smartest low-risk moves you can make right now.

It takes five minutes. It could earn you hundreds this year. And it keeps your cash flexible and secure. What are you waiting for?

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More