A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield ...

A high-yield savings account has a higher annual percentage yield (APY) than a traditional savings product. Your APY is the amount of interest your account accrues in a year. The interest in some ...

While ordinary savings accounts are useful for keeping cash available, high-interest savings accounts (HISA) or high-yield savings accounts (HYSA)—meaning those with interest rates of 1.5% and ...

Big banks still pay near 0% on savings, while smaller banks offer much higher rates with the same federal protection.

Forbes Advisor Canada reviews RBC’s High Interest eSavings Account to determine whether it’s the best option to hold your savings.