$25,000 at 4.00% annual percentage yield (APY) earns about $1,000 over one year, or roughly $83 a month. The same $25,000 in an account paying 0.10% APY earns about $25 over one year, or roughly $2 a month. That's a gap of about $975 a year on savings you might still be able to reach when needed. See how much more your money could be earning, and why we like this high-yield savings account. If your savings account has been quietly sitting in the same place for years, that's understandable. Money that's safe, familiar, and out of your checking account feels like it's doing its job. But the Federal Reserve's Oct. 28 rate decision is a useful nudge to look at what your savings is actually earning. Some high-yield savings accounts are still around 4.
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