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_what-are-high-yield-savings-accounts.webp "A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.")
_yale-or-schlage-lock-removal.webp "FYI Guy")
_hundreds-rally-against-plan-to-establish-more-national-parks-in-victoria.webp "Hundreds of regional Victorians have come together to protest against a proposed national park east of Melbourne. Supporters of the park argue that it will protect native species and bring millions of dollars into the local economy. However, opponents are worried that the creation of the national park will restrict their access and effectively lock them out of the area, raising concerns about the implications for local land use and community activities.")
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